USAMNFairmontMarina Add501 & 504 Lake Avenue

501 & 504 Lake Avenue, Fairmont, MN

Name: 501 & 504 Lake Avenue, For Sale in Fairmont - eXp Realty
Brand: RE/MAX TOTAL REALTY
SKU: 7045816
Price: 750000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$750,000

000

MLS® 7045816

Key Facts
Description
Map

Key Facts

Type Business

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes $9,821

Days Active 0

Approx. Age 1987

MLS® Number 7045816

Property Address: 501 & 504 Lake Avenue, Fairmont, MN, 56031

Average square foot calculated using Size range provided by listing agent.

Description

Nice opportunity to own a well-established, turnkey lakefront restaurant/bar on the beautiful Fairmont Chain of Lakes. This remodeled property (2021) offers 142 feet of lakeshore and a new 100-foot dock, allowing guests to conveniently arrive by boat while also providing ample on-site parking for vehicles. The comfortable, fun, lake setting creates an enjoyable experience, combining steady local traffic with seasonal lake visitors. The main level features an inviting bar area with high-top seating, televisions, pull-tab machines, and restrooms, creating the perfect casual atmosphere. The outdoor space is designed to maximize enjoyment during the spring, summer, and fall seasons. Guests can relax with ample seating, take in the views, and enjoy live entertainment from the covered stage, which is equipped with lighting and sufficient electrical capacity. Stainless steel rail seating adds to the functionality and appeal of the outdoor space. The upper level expands the experience with a second full bar, seating for approximately 50 guests, large windows showcasing picturesque lake views, an electric fireplace, and access to an outdoor deck overlooking the guests and music below. This level has both elevator access and indoor/outdoor stairways with a handicap-accessible restroom. It can also be reserved for private events, offering flexibility for additional revenue year-round. During the winter it provides a larger area to continue hosting entertainment. The kitchen, remodeled in 2015, is fully equipped and designed for efficiency, featuring a flat top, fryer, oven, dishwasher, cold prep area, heat lamp station, walk-in cooler, and freezers. Additional income opportunities include fuel sales for boaters and 12 leased boat slips (5 yr lease). All equipment, furnishings, and inventory are included in the sale, making this a true turnkey operation. With its strong reputation, multiple revenue streams, and prime waterfront location, this property presents an exceptional opportunity for an owner-operator or investor to step into a thriving business.

MLS® Number7045816

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1987

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Building, Inventory, Land

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 30, 2026List Date

$750,000List Price

Commute

Commute

Starting Address

Destination Address

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