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Auto Repair Shop with Towing Fleet
New
For Sale
$499,900

306 Main St, Tower, MN 55790

COMMERCIAL/INDUSTRIAL, Tower, MN

Property SizeContact for details
Days on Market2

Property Features for 306 Main St

General Information

Property type Commercial Sale
Property subtype Other
Zoning Com
Parking features Offsite
Lot features Downtown Area
Subdivision Tower/Soudan
Standard status Active

Utilities

Heating system Natural Gas, Forced Air

Building Details

Year built 1956
Building materials Wood Frame
Roof type Flat, Metal
Listing Agency: Next Door Realty
Listed By: Norma Jean Jofs · License #40713911
Added: Sep 14 Last Checked: Sep 15 at 2:06AM
MLS# 150681

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.

This automotive property combines a full-service repair garage with an established towing operation. The sale includes shop tools and the towing fleet, providing an operating platform with equipment already associated with both service lines. The building dates to 1956 and features wood-frame construction, flat and metal roofing, natural-gas heat, and forced-air heating. Parking is provided offsite.

Located at 306 Main St in Tower, Minnesota, the property sits along the roadway connecting Tower with Virginia and Ely. Its Commercial zoning supports the existing automotive use, while the location serves the broader Iron Range corridor. The property is identified by postal code 55790-0000.

Key Highlights

  • Full‑service auto repair garage with established towing operation
  • Shop tools and towing fleet included with the sale
  • Located at 306 Main St, Tower, MN 55790‑0000

Property Analytics

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Current Use

Auto shops

Suggested Use

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

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

Turnkey business
Opportunity
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

100
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use

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
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Bob's Standard Service & 24 hour Towing 306 Main St, Tower, MN 55790

Frequently Asked Questions

What type of property is this?
Auto shop - Established automotive service property with repair operations, towing equipment, and commercial zoning in place.
Where is this auto shop located?
The property is located at 306 Main St Tower, MN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Full‑service auto repair garage with established towing operation; Shop tools and towing fleet included with the sale; Located at 306 Main St, Tower, MN 55790‑0000
More about this property
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