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Mixed-Use Property with Attached Garage
For Sale
$375,000

602 Main Street, Tower, MN 55790

COMMERCIAL/INDUSTRIAL, Tower, MN

Property SizeContact for details
Days on Market13

Property Features for 602 Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Comm
Parking features Garage
Lot features Corner Lot, Downtown Area
Subdivision Tower/Soudan
Standard status Active

Utilities

Heating system Forced Air, Natural Gas, Propane (Heating)

Building Details

Year built 1939
Building materials Wood Frame
Roof type Shingle, Rubber
Listing Agency: Vermilion Land Office Inc
Listed By: Sherry Zupancich Anderson · License #40026207
Added: Aug 21 Changed: Aug 24 Last Checked: Sep 2 at 6:06PM
MLS# 150575

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Built in 1939, this wood-frame mixed-use building combines active commercial and office functions under one roof. The main floor is leased to a bar and liquor store, while the upper floor serves as City office space. A basement provides additional storage, and the attached 35-by-48-foot garage accommodates vehicles and equipment. The property also includes a separate city lot for off-street parking.

Located on a state highway in Tower, the building sits within a community serving travelers headed toward the Boundary Waters Canoe Area. The property is zoned Comm and has forced-air heating with natural gas and propane systems. Shingle and rubber roofing are in place, providing two roof materials across the improvements.

Key Highlights

  • Main floor leased to a bar and liquor store
  • Upper level currently used for City office space
  • Attached 35x48 garage for vehicles and equipment

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Auto Repair Shop Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

107
Businesses Nearby

Demographics for 55790, MN

1,876
Population
2,390
Households
0.8
Avg Household Size
57
Median Age
34%
College-Educated
97%
High-School Grad
143.6 sq mi
ZIP Area
13
Density / Sq Mi
$74,732
Median Household Income
$43,456
Median Earnings
$630
Median Rent
$297,900
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three-level commercial building with leased bar and liquor store space, city offices, basement storage, and supplemental parking.
Where is this mixed-use property located?
The property is located at 602 Main Street Tower, MN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Main floor leased to a bar and liquor store; Upper level currently used for City office space; Attached 35x48 garage for vehicles and equipment
More about this property
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