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    Tower, MN
    Retail

    Tower, MN Retail Space for Sale

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    Soudan, MN Cook, MN Embarrass, MN Virginia, MN Orr, MN Babbitt, MN Ely, MN Biwabik, MN
    Nordic-Inspired Retail Storefront
    Updated: Sep 17
    Nordic-Inspired Retail Storefront

    303 Main Street, Tower, MN 55790

    $250,000
    Retail storefront at 303 Main Street, Tower, MN 55790
    COMM zoning designation
    Nordic‑inspired home goods retail concept
    Wood‑frame construction dating to 1930
    Central air conditioning
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    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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    Nordic-Inspired Retail Space
    Nordic-Inspired Retail Space

    303 Main St, Tower, MN 55790

    $250,000
    2,400 sqft

    Retail setting with Scandinavian-inspired interiors and home furnishings, rugs, decor, and gifts.

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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.

    Flex Property with Loading Docks
    Flex Property with Loading Docks

    707 N 6th Avenue, Virginia, MN 55792

    $150,000
    880 sqft

    Heated retail and warehouse areas create a flexible in-town commercial configuration.

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    Downtown Ely Commercial Building
    Downtown Ely Commercial Building

    29 E Chapman St, Ely, MN 55731

    $209,000
    6,900 sqft 0.19 AC lot

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

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    Flex Space with Heated Warehouses
    Flex Space with Heated Warehouses

    707 N 6th Ave, Virginia, MN 55792

    $150,000

    Combined retail and warehouse improvements provide adaptable commercial space with loading access and a dedicated customer-facing area.

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    Downtown Ely Commercial Building For Sale
    Downtown Ely Commercial Building For Sale

    137 E Sheridan St, Ely, MN 55731

    $370,000
    4,200 sqft 0.14 AC lot

    Meticulously maintained retail space with investment and conversion potential.

    View details

    Tower, MN Retail Space Market Trends and Statistics

    Explore 3 retail space for sale in Tower, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 2,400 square feet of properties for sale, with an estimated market value of $790,000.

    Sale prices for retail space in Tower, MN start at $250,000, averaging $263,333, 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

    Storefront properties 3
    Auto shops 2
    Automotive properties 2
    Gas stations 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 $233.5K

    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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