For Sale: Fairmont MLS# 7045816
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Property 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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$750,000
Property Type:
Commercial
City:
Fairmont
Garage Spaces:
0
County:
Martin
Year Built:
1987
State:
MN
Property Style:
2 Stories
Zip Code:
56031
Subdivision Name:
Marina Add
Interior
Ceiling Height:
16-20
Flooring:
Carpet, Floor Drains
Appliances Included:
- Cooktop
- Dishwasher
- Disposal
- Exhaust Fan
- Freezer
- Microwave
- Range
- Refrigerator
- Wall Oven
- Wine Cooler
Basement Details:
None
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
900 ft2
Foundation Dimensions:
32X28
Fencing:
Partial
Handicap Accessible:
Doors 36"+, Accessible Elevator Installed, Grab Bars In Bathroom, Partially Wheelchair, Wheelchair Ramp(s)
Road Responsibility:
Public Maintained Road
Heating System:
- Forced Air
- Zoned
Parking Features:
- Concrete
- Guest Parking
- Off Site
- Parking Lot
- Shared Driveway
Unit Amenities:
- Boat Slip
- Ceiling Fan(s)
- Deck
- Dock
- Panoramic View
- Security System
- Vaulted Ceiling(s)
- Walk-Up Attic
- Wet Bar
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Street Lights
Exterior Material:
- Block
- Concrete
- Frame
- Steel Siding
Roof Details:
- Age 8 Years or Less
- Asphalt
- Pitched
Lake & Waterfront
Waterfront Present:
Y
Waterfront View:
Lake, West
WF Frontage:
143
Elev Highpt to WF feet:
4-10
Waterfront:
- Dock
- Lake Front
- Lake View
Lake Bottom:
- Sand
- Weeds
Lot & Land
Acres:
0.359
Geolocation:
43.65673, -94.46932
Inclusions:
Building, Inventory, Land
Lot Dimensions:
145X170
Zoning:
Business/Commercial
Farm
Topography:
Level
Schools
School District:
1239
District Phone:
5072384234
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,821
Lender-owned:
Not Disclosed
Assessment Pending:
Unknown
Taxes w/ Assessments:
$9,890
Units
Total Units:
1
Miscellaneous
Current Use:
- Bar/Tavern
- Event Space
- Food Service
- Restaurant
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX TOTAL REALTY.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.