Retail Home Goods
303 Main Street Tower, MN 55790
303 Main Street, Tower, MN, 55790
$250,000
For Sale
$250,000
Nordic-inspired home goods boutique offered for sale along a busy state corridor near BWCAW access.
Property Size2,400 SF
Price / SF$104.17
Days on Market141
Property Features for 303 Main Street
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing agency
Vermilion Land Office, Inc.
(218) 780-1071
Listed by
Sherry Anderson · License #40026207
(218) 780-1071
Source
Juverealestate
Added: Mar 3 Updated: Jul 22 at 12:47PM Checked: Jul 22 at 12:47PM
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.
Investment Insights
Based on property information with market context.
This Nordic-inspired retail storefront is presented as a home goods boutique featuring a curated assortment of leather furniture, custom Nepali rugs, Nordic-cabin decor, and related gifts.
The property is situated along a busy state corridor leading to the BWCAW, in a town described as the gateway to Lake Vermilion. The listing also notes that the brand and inventory may be available for an additional payment, providing an option for continuity of the existing operation.
The space is offered for sale as a retail property, with the focus on the established in-store assortment and design-forward presentation described in the remarks.
The property is situated along a busy state corridor leading to the BWCAW, in a town described as the gateway to Lake Vermilion. The listing also notes that the brand and inventory may be available for an additional payment, providing an option for continuity of the existing operation.
The space is offered for sale as a retail property, with the focus on the established in-store assortment and design-forward presentation described in the remarks.
Key Highlights
- Nordic‑inspired home goods boutique for sale along a busy state corridor near BWCAW access
- Store sells premium leather furniture, custom Nepali rugs, and Nordic‑cabin decor & gifts
- Year built: 1930
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $15.00 |
| − Vacancy | −$3.6k | −$1.50 |
| EGI | $32.4k | $13.50 |
| − OpEx | −$9.7k | −$4.05 |
| NOI | $22.7k | $9.45 |
2,400 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Nordic-inspired home goods boutique offered for sale along a busy state corridor near BWCAW access.
Where is this storefront property located?
The property is located at 303 Main Street 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: Nordic‑inspired home goods boutique for sale along a busy state corridor near BWCAW access; Store sells premium leather furniture, custom Nepali rugs, and Nordic‑cabin decor & gifts; Year built: 1930
