Nordic-Inspired Retail
For Sale
$250,000
303 Main St, Tower, MN 55790
Retail setting with Scandinavian-inspired interiors and home furnishings, rugs, decor, and gifts.
Property Size2,400 SF
Price / SF$104.17
Days on Market62
Property Features for 303 Main St
General Information
Standard status
Active
Size
2,400 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1930
Listing Agency:
Vermilion Land Office, Inc.
Listed By:
Sherry Anderson · License #40026207
(218) 780-1071
Source:
Searchhousesnow
Added: Aug 16
Changed: Sep 14
Last Checked: Oct 12 at 10:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vermilion Land Office, Inc.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot retail property combines a 1930-built commercial structure with a Scandinavian-influenced interior presentation. The space has been used for home furnishings and gifts, including leather furniture, custom Nepali rugs, cabin-inspired decor, and related merchandise. Natural textures and clean-lined design elements shape the customer-facing environment.
The property is located at 303 Main St in Tower, Minnesota, along a state corridor serving traffic toward the Boundary Waters Canoe Area Wilderness. Tower is identified as a gateway to Lake Vermilion, bringing the property into a setting that serves both local residents and seasonal visitors. The sale opportunity also includes the option to acquire the operating brand and inventory separately.
The property is located at 303 Main St in Tower, Minnesota, along a state corridor serving traffic toward the Boundary Waters Canoe Area Wilderness. Tower is identified as a gateway to Lake Vermilion, bringing the property into a setting that serves both local residents and seasonal visitors. The sale opportunity also includes the option to acquire the operating brand and inventory separately.
Key Highlights
- 2,400‑square‑foot retail property at 303 Main St, Tower, MN 55790
- 1930‑built commercial property
- Scandinavian‑inspired interior design with natural textures and clean lines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,680
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,600
$453.6K
Cap Rate 7%
$324,000
$324.0K
Cap Rate 9%
$252,000
$252.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$36.0K $15.00/SF
− Vacancy
−$3.6K −$1.50/SF
EGI
$32.4K $13.50/SF
− OpEx
−$9.7K −$4.05/SF
NOI
$22.7K $9.45/SF
Area
St. Louis County, MN
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,600
Cap Rate 7%
$324,000
Cap Rate 9%
$252,000
Alternative Uses
Best Use
Retail
$324.0K
$283.5K – $378.0K
NOI $22,680 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$931.0K
$814.6K – $1.09M
NOI $65,170 @ 7.0% cap · market cap 26.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon Petroleum
Shops & Services
2,267 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail setting with Scandinavian-inspired interiors and home furnishings, rugs, decor, and gifts.
Where is this retail space located?
The property is located at 303 Main St Tower, MN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,400‑square‑foot retail property at 303 Main St, Tower, MN 55790; 1930‑built commercial property; Scandinavian‑inspired interior design with natural textures and clean lines
