UPDATE: Fire Guts Lake Elsinore's Old Masons Lodge

CORRECTION: The fire was initially reported at Evans-Brown Mortuary located at 126 E. Graham Ave., however the fully-engulfed blaze is directly next door. The  mortuary did not catch fire, despite its close proximity.

A two-alarm fire in historic downtown Lake Elsinore Friday night took nearly an hour to contain, but no one was injured in the blaze despite hundreds who were in the area for . ( to see a gallery of Winterfest 2011 photos.)

The fire was reported shortly after 7 p.m. at the site of the old Masonic Lodge on  East Graham Avenue, according to Cal Fire/Riverside County Fire Department.

The two-story commercial building was constructed in the 1930s, according to Cal Fire/Riverside County Fire Department Battalion Chief Sean Dakin.

According to real estate websites, however, the site was constructed in 1920, and a building stamp suggests the Lodge was constructed in 1922.

The structure is next door to .

The building was gutted in the fire and was reportedly vacant and abandoned. It is surrounded by a chain link fence.

The cause of the blaze, which was contained at 8:35 p.m., is under investigation, according to Cal Fire/Riverside County Fire Department.

"It's old-style construction, so that's going to be hampering our efforts to get it mopped up," the battalion chief said.

Over 1,000 people were in historic downtown tonight for . Main Street had been blocked off for the annual street fair that began at 6 p.m. and was scheduled to 9 p.m.

The battalion chief said that if the 80 mph winds had been blowing as they were Thursday, the situation in downtown could have been tragic.

According to a Patch reporter on scene, hundreds of Winterfest attendees gathered near the blaze as spectators and fire hoses and water ran through the streets.