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    Tower, MN
    Residential Income

    Tower, MN Residential Income Properties for Sale

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    RV Resort Co-op Lot with Boat Slip
    Updated: Jul 7
    RV Resort Co-op Lot with Boat Slip

    TBD 30 Lake Ave S, Tower, MN 55790

    $59,900
    0.05 AC lot
    Lakefront lot with access to Pike Bay and the City of Tower, MN
    Includes a boat slip in‑channel with access to Lake Vermillion
    Sale includes 1 share in the co‑op for Lot #30 in Tower R.V. Resort
    City sewer and city water on‑site
    50‑amp electrical hookup included
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    RV Resort Cooperative Lot with Boat Slip
    Updated: May 22
    RV Resort Cooperative Lot with Boat Slip

    TBD 24 Lake Ave S, Tower, MN 55790

    $49,900
    0.05 AC lot
    Undivided cooperative interest associated with Lot 24
    Approximately 2,000 Sq. Ft. lot measuring about 35'-40' wide by 50'-60' Long
    Boat slip on a channel with access to the City of Tower and Pike Bay
    Lake waterfront setting on Lake Vermillion
    On‑site city sewer and water
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    RV Resort Co-Op Lot
    RV Resort Co-Op Lot

    TBD 6 Lake Ave S, Tower, MN 55790

    $49,900
    0.05 AC lot

    Co-op lot at Tower RV Resort includes city sewer, city water, and a 50-amp electrical hookup.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Historic Mixed-Use Building
    Historic Mixed-Use Building

    601 Main St, Tower, MN 55790

    $339,900

    Two commercial suites and three upper-level apartments occupy a flexible building with storage, basement, garage, and shop space.

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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.

    Turnkey Restaurant and Apartments
    Turnkey Restaurant and Apartments

    216 E Sheridan St, Ely, MN 55731

    $390,000
    6,800 sqft

    Purchase a fully equipped restaurant space with four apartments above, totaling about 6,800 square feet.

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    Seven-Bedroom Duplex
    Seven-Bedroom Duplex

    824 13th St. N, Virginia, MN 55792

    $71,900
    1,496 sqft

    Residential income property with R zoning and a required three-property sale structure.

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    Fully Rented Multifamily Property
    Fully Rented Multifamily Property

    824 13th St N, Virginia, MN 55792

    $71,900
    1,496 sqft

    Currently leased and offered only as part of a three-property package with two nearby Virginia properties.

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

    216 E Sheridan St, Ely, MN

    Contact for pricing
    8,078 sqft 0.14 AC lot

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

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    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.

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    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.

    Sale prices for residential income properties in Tower, MN start at $49,900, averaging $124,900, and reaching up to $339,900 — 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

    Multifamily properties 4
    Mobile home & RV parks 3

    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 $53.2K

    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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