Mixed-Use Property With Living
For Sale
$144,000
507 Main Street, Tower, MN 55790
COMMERCIAL - Tower, MN
Property SizeContact for details
Days on Market47
Property Features for 507 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COM
Parking features
Garage
Lot features
Downtown Area
Subdivision
Tower/Soudan
Standard status
Active
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
large windows
open floor plan
private living quarters
kitchenette
2 stall garage
Building Details
Building materials
Wood Frame
Roof type
Shingle, Asphalt
Listing Agency:
Vermilion Land Office Inc
(218) 753-8985
Listed By:
Sherry Zupancich Anderson · License #40026207
(218) 780-1071
Added: Jul 11
Changed: Aug 5
Last Checked: Aug 26 at 10:06PM
MLS# 148105
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 wood-frame mixed-use property combines commercial and residential space in a two-level configuration. The main floor includes a spacious office area with an open layout and large windows that provide natural light. The space may accommodate office, retail, or professional-service use as supported by its existing layout. The upper level contains three bedrooms, one bathroom, and a kitchenette, creating private living quarters above the commercial area.
Located at 507 Main Street in Tower, the property sits just off a busy main street and highway. Lake Vermilion is nearby, and the property is zoned COM. Building features include forced-air heating, central air, a shingle and asphalt roof, and a two-stall garage.
Located at 507 Main Street in Tower, the property sits just off a busy main street and highway. Lake Vermilion is nearby, and the property is zoned COM. Building features include forced-air heating, central air, a shingle and asphalt roof, and a two-stall garage.
Key Highlights
- Two‑level mixed‑use building with commercial space and residential quarters
- Main floor features open‑plan office space and large windows
- Upper level includes 3 bedrooms, 1 bath, and a kitchenette
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Main-level commercial space is paired with private upper-level living quarters and garage parking.
Where is this mixed-use property located?
The property is located at 507 Main Street 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: Two‑level mixed‑use building with commercial space and residential quarters; Main floor features open‑plan office space and large windows; Upper level includes 3 bedrooms, 1 bath, and a kitchenette
