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Mixed-Use Building with Attached Garage
New
For Sale
$375,000

602 Main Street, Tower, MN 55790

COMMERCIAL/INDUSTRIAL, Tower, MN

Property SizeContact for details
Days on Market2

Property Features for 602 Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Comm
Parking features Garage
Lot features Corner Lot, Downtown Area
Subdivision Tower/Soudan
Standard status Active

Utilities

Heating system Forced Air, Natural Gas, Propane (Heating)

Amenities

garage
off-street parking
storage

Building Details

Building materials Wood Frame
Roof type Shingle, Rubber
Listing Agency: Vermilion Land Office Inc
Listed By: Sherry Zupancich Anderson · License #40026207
Added: Aug 21 Last Checked: Aug 22 at 4:06AM
MLS# 150575

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 mixed-use commercial building has an operating bar and liquor store on the main level, office space above, and basement storage. An attached 35x48 garage provides enclosed room for vehicles and equipment, while an additional city lot supplies off-street parking. The property has wood-frame construction, forced-air heating, and natural gas and propane heating sources, with shingle and rubber roofing.

Positioned along a high-traffic state highway in Tower, the building benefits from visibility along a route serving visitors traveling toward the Boundary Waters Canoe Area Wilderness. The property is zoned Comm and sits in the gateway community to Lake Vermilion, near the Harbor twin-home project and Standing Bear Village & Marina. Future restaurant, theater, apartment, condominium, retail, or office use is subject to local zoning and approval.

Key Highlights

  • Main level leased to a bar and liquor store
  • Upper level currently used for city office space
  • Attached 35x48 garage for vehicles and equipment

Property Analytics

Current Use

Bars & Pubs

Suggested Use

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

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

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

107
Businesses Nearby

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

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Multi-level commercial property with existing bar, liquor store, office, storage, and off-street parking components.
Where is this mixed-use property located?
The property is located at 602 Main Street Tower, MN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Main level leased to a bar and liquor store; Upper level currently used for city office space; Attached 35x48 garage for vehicles and equipment
More about this property
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