Mixed-Use

Tower, MN Mixed-use Properties for Sale

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Soudan, MN Cook, MN Embarrass, MN Virginia, MN Orr, MN Babbitt, MN Ely, MN Biwabik, MN
Mixed-Use Property with Attached Garage
Updated: Aug 21
Mixed-Use Property with Attached Garage

602 Main Street, Tower, MN 55790

$290,000
Main floor leased to a bar and liquor store
Upper level currently used for City office space
Attached 35x48 garage for vehicles and equipment
Additional city lot provides off‑street parking
Built in 1939 with wood‑frame construction
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Mixed-Use Building with Garage
Updated: Jul 11
Mixed-Use Building with Garage

507 Main Street, Tower, MN 55790

$144,000
Mixed‑use configuration with commercial space and upper‑level living quarters
Main floor includes a spacious open layout with large windows
Upper level has 3 bedrooms, 1 bathroom, and a kitchenette
2‑stall garage included
Zoned COM at 507 Main Street in downtown Tower
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Mixed-Use Building with Attached Garage
Mixed-Use Building with Attached Garage

602 Main St, Tower, MN 55790

$290,000
4,460 sqft

Multi-level commercial property with leased ground-floor bar and liquor store space, city offices, storage, and additional parking land.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Tower, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Marina with Boat Storage
Marina with Boat Storage

2331 Old Highway 169, Ely, MN 55731

$459,000
720 sqft 11.50 AC lot

Operating marina property with residential accommodations, enclosed boat storage, outdoor capacity, and service-oriented improvements.

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Commercial Land at Highway Corner
Commercial Land at Highway Corner

7010 Highway 169, Virginia, MN 55792

$193,500
8.17 AC lot

The site has a private well and compliant septic system for commercial development planning.

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Boat Storage Marina Property
Boat Storage Marina Property

2331 Old Hwy 169, Ely, MN 55731

$459,000

Mixed-use property combines boat storage, service space, and year-round residential accommodations.

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Commercial Land at Highway Intersection
Commercial Land at Highway Intersection

7010 Hwy 169, Virginia, MN 55792

$198,500

Commercial land with a drilled well, compliant septic system, and an existing structure with an apartment above.

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Tower, MN Mixed-Use Properties Market Trends and Statistics

Explore 3 mixed-use properties for sale in Tower, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 4,460 square feet of properties for sale, with an estimated market value of $724,000.

Sale prices for multi use buildings in Tower, MN start at $144,000, averaging $241,333, and reaching up to $290,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Live-work space 1

Demographics Overview

Population 1,933
Population Growth (5Y) -3.5%
Median Household Income $74,732
College Educated 46.0%

High-Yield Neighborhoods for Investment

Identify Tower submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
55790 $308.5K

Taxes & Financing

Tax Rate (average for all types) 2.45%
Property Tax per SF $30.81 per SF
Tax Rate vs County Average 0.14 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in St. Louis County

New Delisted

Total CRE Inventory on Market (SF)

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