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    605 Main St Tower, MN 55790

    For Sale
    $349,000

    Fourplex - Tower, MN

    Property size:
    4,467 SF
    Days on Market:
    50
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 605 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Comm
    APN
    Mult pid 080001003420,
    Patio and Porch features
    Deck
    Exterior features
    Deck
    Size
    4,467 SF

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1982
    Number of units
    4
    Roof type
    See Remarks
    Architectural style
    Other

    Z' Up North Realty (218) 827-2288

    Listing agent Chessica Olson (218) 827-2288

    Listing date Oct 17, 2025

    MLS# 149188 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

    Updated Fourplex Near Lake Vermilion

    This is a fully leased fourplex located in Tower, Minnesota, a few blocks from Lake Vermilion. The property features four units, each with two bedrooms and one bathroom. Each unit has been updated with newer windows, paint, flooring, and upgraded PEX plumbing. A newer boiler system provides efficient heat. The property is well maintained and cash flowing. The property includes an additional vacant lot offering excellent potential for future expansion, garages, or another multi-use build. The location is close to downtown, the marina, and local amenities. The property is a solid income-producing property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    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
    -92.276838
    Latitude
    47.805522

    Nearby Similar for Sale

    • $176,000
      1,512 SF

      Mixed-Use Property in Tower, MN

      Commercial property with residential living quarters in downtown Tower.
      507 Main St, Tower, MN 55790
      View Details
    • $1,400,000

      Lake Vermilion Resort Opportunity

      Quaint resort on Lake Vermilion with cabins and RV sites.
      2001 A&B Bayview Dr, Tower, MN 55790
      View Details
    • $49,900
      0.05 Acres

      Tower RV Resort Lot

      RV resort lot with boat slip near Lake Vermillion.
      5 Lk Ave Ave S, Tower, MN 55790
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fully leased fourplex in Tower, MN, near Lake Vermilion.
    Where is this quadplex located?
    The property is located at 605 Main St Tower, MN.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: - Fully leased 4-plex providing immediate cash flow.; - Includes an additional vacant lot for future expansion or development.; - Updated units with newer windows, paint, flooring, and upgraded PEX plumbing.
    (218) 827-2288
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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
    605 Main St Tower, MN 55790
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