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    507 Main St Tower, MN 55790

    For Sale
    $176,000

    Commercial/Industrial - Tower, MN

    Property size:
    1,512 SF
    Days on Market:
    68
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 507 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COM
    Rooms
    Basement
    APN
    080-0010-02325
    Parking features
    Garage
    Basement Y/N
    1
    Size
    1,512 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Vermilion Land Office Inc (218) 753-8985

    Listing agent Sherry Zupancich Anderson (218) 753-8985

    Listing date Sep 29, 2025

    MLS# 148105 Listing URL

    Copyright © 2025 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Tower, MN

    This mixed-use property is located in a prime downtown location just off a busy main street with high traffic flow and visibility. The property offers a commercial space with residential living quarters. The main floor features a spacious office area suitable for various businesses, including office, retail, or professional services. Large windows provide visibility and natural light, while the open floor plan allows for customization. The upper level includes private living quarters with 3 bedrooms, 1 bath, and a kitchenette. A bonus 2-stall garage is also included. The property's location near Lake Vermilion provides access to the surrounding community and outdoor attractions. This property offers a blend of commercial and residential space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Dental Office Auto Repair Shop Building Supply Wholesale Shop Spa & Massage Auto Parts Store Hair Salon Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tower
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.275352
    Latitude
    47.805579

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      Updated Fourplex Near Lake Vermilion

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    FAQs

    What type of property is this?
    Mixed-use property - Commercial property with residential living quarters in downtown Tower.
    Where is this mixed-use property located?
    The property is located at 507 Main St Tower, MN.
    What is the asking price?
    The asking price for this property is $176,000.
    What are key features of this property?
    This property features: - Prime downtown location with high traffic flow and excellent visibility.; - Commercial property with residential living quarters (3 BR, 1 bath, kitchenette).; - Spacious, customizable open floor plan suitable for various business types.
    (218) 753-8985
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    507 Main St Tower, MN 55790
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