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    Tower, MN
    Residential Income

    Tower, MN Residential Income Properties for Sale

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    Soudan, MN Cook, MN Virginia, MN
    Mixed-Use Property in Tower, MN
    Updated: Mar 29
    Mixed-Use Property in Tower, MN

    507 Main Street, Tower, MN 55790

    $159,000
    Prime downtown location with high traffic flow and excellent visibility.
    Commercial property with residential living quarters above (3 BR, 1 bath, kitchenette).
    Spacious, customizable open floor plan suitable for various businesses.
    Bonus 2‑stall garage.
    Close proximity to Lake Vermilion and outdoor attractions.
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    RV Resort Co-Op Lot
    Updated: Feb 7
    RV Resort Co-Op Lot

    TBD 6 Lake Ave S, Tower, MN 55790

    $49,900
    0.05 AC lot
    Sale includes 1 share in the co‑op for Lot #6 in Tower R.V. Resort for an undivided cooperative interest
    Lot #6 is approximately 2,000 SF (about 35'-40' wide by 50'-60' long)
    Waterfront on Lake Vermillion with a boat slip on the channel with access to the City of Tower and Pike Bay
    City sewer and water are on‑site
    Includes a 50‑amp electrical hookup
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    RV Resort Lot with Boat Slip Access
    RV Resort Lot with Boat Slip Access

    TBD 13 Lake Ave S, Tower, MN 55790

    $49,900
    0.05 AC lot

    Lot #13 at Tower RV Resort includes city sewer and water, plus a 50-amp hookup and boat slip access on Lake Vermillion.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Co-op RV Park Interest
    Co-op RV Park Interest

    TBD #15 Lake Ave, Tower, MN 55790

    $49,000
    0.04 AC lot

    Purchase an undivided co-op interest with access to a boat slip and nearby channel docks.

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in Tower, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Mixed-Use Dental Office and Apartment
    Mixed-Use Dental Office and Apartment

    202 S 5th Ave S, Virginia, MN 55792

    $225,000

    Well-maintained dental office on the main level with a three-bedroom apartment above and off-street parking for up to 10 vehicles.

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    Turnkey Coffee & Wine Bar Building
    Turnkey Coffee & Wine Bar Building

    2 W Sheridan St, Ely, MN 55731

    $979,000
    4,350 sqft

    Turnkey operation with a roasting room, commercial kitchen, and two 1-bedroom units above the storefront.

    View details
    Two-Unit One-Bedroom Duplex
    Two-Unit One-Bedroom Duplex

    201 2nd Street S, Virginia, MN 55792

    $99,900
    1,894 sqft · 0.09 AC lot

    Split upper and main duplex offers two updated one-bedroom units with in-unit comfort, laundry access, and parking off the alley.

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    Mixed-Use Building in Downtown Ely
    Mixed-Use Building in Downtown Ely

    216 E Sheridan St, Ely, MN

    $390,000
    8,078 sqft · 0.14 AC lot

    Two-story building with restaurant and four apartments in Ely.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land For Sale
    Land For Sale

    80052 Tamarack Trail, Tower, MN 55790

    $162,500

    Land available on Lake Vermilion Reservation Road.

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    Land For Sale
    Land For Sale

    80012 Conifer Crest, Tower, MN 55790

    $115,500

    Land available near Lake Vermilion.

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    Vacant Recreational Waterfront Lot
    Vacant Recreational Waterfront Lot

    6501 Highway 169, Tower, MN 55790

    $39,950
    9.10 AC lot

    Vacant lot near Lake Vermilion with highway access and space suitable for outdoor storage or camping use.

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    Lake Vermilion Waterfront Land
    Lake Vermilion Waterfront Land

    Pine Narrows lot: 10, Tower, MN 55790

    $189,000
    6.00 AC lot

    6-acre waterfront land with 821 ft shoreline on Lake Vermilion.

    View details

    Tower, MN Residential Income Properties Market Trends and Statistics

    Explore 4 residential income properties for sale in Tower, MN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $307,800.

    Sale prices for residential income properties in Tower, MN start at $49,000, averaging $76,950, and reaching up to $159,000 — 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

    Mobile home & RV parks 3
    Multifamily properties 3
    Single family properties 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 $77K

    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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