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Tower, MN Retail Space for Sale

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Soudan, MN Cook, MN Virginia, MN
Nordic-Inspired Home Goods Boutique
Updated: Jul 1
Nordic-Inspired Home Goods Boutique

303 Main Street, Tower, MN 55790

$250,000
Wood frame construction with shingle/asphalt roof
Central air cooling and forced‑air propane heating
Year built: 1930
Nordic‑inspired home goods boutique retail space
Purchase the brand and inventory for an additional $100,000
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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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Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Tower, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

Commercial Live-Work Property
Commercial Live-Work Property

1800 9th Ave N, Virginia, MN 55792

$129,000

For sale at 1800 9th Ave N with an upper two-bedroom, one-bath apartment for on-site business use.

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Downtown Ely Commercial Building
Downtown Ely Commercial Building

29 E Chapman St, Ely, MN 55731

$299,000
6,900 sqft · 0.19 AC lot

Two-level commercial building in downtown Ely with business potential.

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Commercial Building in Ely's Downtown
Commercial Building in Ely's Downtown

137 E Sheridan St, Ely, MN 55731

$375,000
4,200 sqft

Meticulously maintained 4,200 sq ft retail space in Ely.

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Established Sporting Goods Business For Sale
Established Sporting Goods Business For Sale

105 N 3rd Ave, Virginia, MN 55792

$329,000
5,476 sqft

Turn-key sporting goods business with inventory, building, and land.

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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.

Prime PUD-Zoned Land Opportunity
Prime PUD-Zoned Land Opportunity

3229 State Road 207, Elkton, FL 32033

$1,599,000
900 sqft · 2.07 AC lot

2.07 acres of PUD-zoned land in a growing corridor.

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Tower, MN Retail Space Market Trends and Statistics

Explore 2 retail space for sale in Tower, MN 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 $409,000.

Sale prices for retail space in Tower, MN start at $159,000, averaging $204,500, and reaching up to $250,000 — 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

Storefront 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 $159K

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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