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    Tower, MN
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    Tower, MN Storefront Properties for Sale

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    Soudan, MN Ely, MN Embarrass, MN Cook, MN Virginia, MN Orr, MN Babbitt, MN Biwabik, MN
    Mixed-Use Building with Attached Garage
    Updated: Aug 26
    Mixed-Use Building with Attached Garage

    602 Main St, Tower, MN 55790

    $375,000
    4,460 sqft
    Main level leased to a bar and liquor store
    Upper floor currently used for city offices
    Attached 35x48 garage for vehicles and equipment
    Basement storage area included
    Additional city lot provides off‑street parking
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    Nordic-Inspired Retail Space
    Updated: Aug 16
    Nordic-Inspired Retail Space

    303 Main St, Tower, MN 55790

    $250,000
    2,400 sqft
    2,400‑square‑foot retail property at 303 Main St, Tower, MN 55790
    1930‑built commercial property
    Scandinavian‑inspired interior design with natural textures and clean lines
    Home furnishings and gift merchandise, including leather furniture and custom Nepali rugs
    Located along a state corridor leading toward the Boundary Waters Canoe Area Wilderness
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    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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    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.

    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    120 E Sheridan St, Ely, MN 55731

    $219,000
    2,994 sqft

    Retail frontage offers four display windows, off-street parking, and additional residential income potential.

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    Mixed-Use Property with Apartments
    Mixed-Use Property with Apartments

    127 1st St S, Virginia, MN 55792

    $125,000
    7,300 sqft

    Combined commercial and residential space supports business operations alongside on-site apartment living.

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    Four-Story Storefront Building
    Four-Story Storefront Building

    214 N 2nd Ave, Virginia, MN 55792

    $400,000

    Four expansive floors in a solid brick building with central air and a separate garage/storage building on-site.

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    Mixed-Use Property with Apartments
    Mixed-Use Property with Apartments

    120 E Sheridan Street, Ely, MN 55731

    $219,000

    Commercial space with two one-bedroom apartments and a retail layout that can accommodate multiple tenants.

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    Tower, MN Storefront Properties Market Trends and Statistics

    Explore 3 storefront properties for sale in Tower, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 6,860 square feet of properties for sale, with an estimated market value of $964,900.

    Sale prices for retail units in Tower, MN start at $250,000, averaging $321,633, and reaching up to $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

    Storefront properties 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 $303.7K

    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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