Live-Work Building with
For Sale
$144,000
507 Main St, Tower, MN 55790
Downtown live-work building with main-floor office/retail space, large windows, and a 3-bedroom residence above.
Property Size1,512 SF
Price / SF$95.24
Days on Market102
Property Features for 507 Main St
General Information
Standard status
Active
Size
1,512 SF
Total Parking Spaces
2
Building Details
Year Built
1940
Stories
2
Listing Agency:
Vermilion Land Office, Inc.
Listed By:
Sherry Anderson · License #40026207
(218) 780-1071
Source:
Searchhousesnow
Added: Jul 16
Changed: Oct 25
Last Checked: Oct 24 at 9:10PM
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
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This live-work property combines commercial space on the main level with residential living quarters upstairs. The main floor features a spacious office area with an open layout and large windows designed to support visibility and natural light. The upper level includes private living quarters with three bedrooms, one bathroom, and a kitchenette.
The building is located downtown just off a busy main street/highway with high traffic flow and visibility. An attached bonus two-stall garage is also included. The property is near Lake Vermilion, providing access to the surrounding community and outdoor attractions.
Overall, the layout supports a tenant or owner-operator looking for business space below and a home above, with the convenience of a two-stall garage.
The building is located downtown just off a busy main street/highway with high traffic flow and visibility. An attached bonus two-stall garage is also included. The property is near Lake Vermilion, providing access to the surrounding community and outdoor attractions.
Overall, the layout supports a tenant or owner-operator looking for business space below and a home above, with the convenience of a two-stall garage.
Key Highlights
- Downtown live‑work building with main‑floor office/retail space and a 3‑bedroom residence above
- Main floor features a spacious open office area with large windows for natural light and visibility
- Upper level includes 3 bedrooms, 1 bathroom, and a kitchenette
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Live-work space - Downtown live-work building with main-floor office/retail space, large windows, and a 3-bedroom residence above.
Where is this live-work space located?
The property is located at 507 Main St Tower, MN.
What is the asking price?
The asking price for this property is $144,000.
What are key features of this property?
This property features: Downtown live‑work building with main‑floor office/retail space and a 3‑bedroom residence above; Main floor features a spacious open office area with large windows for natural light and visibility; Upper level includes 3 bedrooms, 1 bathroom, and a kitchenette
