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

    602 Main Street, Tower, MN 55790

    $375,000
    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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    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 5 Potential Opportunities for your consideration. Besides 1 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.

    Versatile Office-Retail Building
    Versatile Office-Retail Building

    800 E 40th St, Hibbing, MN 55746

    $175,000
    1,344 sqft

    Well-maintained building with multiple private offices and an open gathering area with kitchenette, near Hwy 169.

    View details
    Modern Office Building with Two Suites
    Modern Office Building with Two Suites

    1406 E 40TH ST, Hibbing, MN 55746

    $425,000

    Two separate office suites with modern updates and ample parking support owner-occupant or dual-tenant use.

    View details
    Leased Office Building
    Leased Office Building

    8878 Main St, Mtn, Iron, MN 55768

    $375,000

    Multi-level office property with established occupancy and a separate leased garage facility.

    View details
    Historic Bank Building Office/Residential
    Historic Bank Building Office/Residential

    8880 Main St., Mt., Iron, MN 55768

    $79,000

    Downtown historic bank building with multiple offices, storefront entry, and an upstairs 3-bedroom apartment.

    View details

    Tower, MN Office Buildings Market Trends and Statistics

    Explore 1 office buildings for sale in Tower, MN on our real estate platform.

    Sale prices for office properties in Tower, MN average $375,000 — 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

    Office Units 2
    Office buildings 1

    Demographics Overview

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

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

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