501 Lake Ave - Restaurant FOR SALE


Fairmont, MN 56031
$750,000 USD
763-999-1285
501 Lake Ave, Fairmont, MN for Sale
$750,000 USD
Restaurant - FOR SALE
1/10
null | Request Cap Rate

501 Lake Ave
Fairmont, MN 56031


HIGHLIGHTS

  • 142' of lake frontage & entertainment gazebo
  • Remodeled 2021
  • Marina with Boat slips/Gas

OVERVIEW

142' of lake frontage & entertainment gazebo This lakeside restaurant and pub with a loyal customer base is located in a quiet residential neighborhood with stunning lake views. This is the perfect turnkey opportunity for restaurateurs looking to make a splash in a desirable location. Highlights include stunning lakeshore views that make the grill and bar a sought-after venue for boaters, parties, and special events. The building's exterior and interior was recently remodeled in (2021). Designed for efficiency, this spacious restaurant offers ample seating with a full-service bar, on both lower and upper levels, including a full commercial kitchen on main level. The spacious outdoor seating area is a major draw during the summer months for bands, with magnificent sunset views, creating an enjoyable and memorable experience. A cherished gathering place for 19 years, this prized restaurant draws in locals and visitors alike with its family atmosphere, signature drinks, menu favorites featuring steaks, burgers, walleye, sandwiches, wraps and chicken wings. Marina also includes gas, boat slips and kayaking.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$341 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

Commercial

APN/PARCEL ID

233350010

ASK ABOUT THIS PROPERTY

Dan McGuireHSC Business BrokersMore Info
763-999-1285

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Dan McGuireHSC Business BrokersMore Info
763-999-1285

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.