Tower, MN 55790

$339,900
Property Type: Commercial Square Footage: 7,180 Lot Size (sq. ft.): 3,920 Status: Active
Current Price: $339,900 List Date: 5/21/2026 Last Modified: 6/19/2026

Overview

Description

Historic downtown Tower multi-use commercial building offering location, income potential, and endless opportunity. Whether you are looking to expand your investment portfolio, start a new business venture, or bring your own ideas to life, this property has it all. Featuring solid historic construction and strong craftsmanship throughout, the building includes two retail/commercial spaces,3 spacious upper-level apartments already producing income, abundant storage areas, basement space, and warehouse-style garages oversized garage doors plus a separate shop area. The flexible layout creates endless possibilities for retail, service businesses, storage rental, workshops, or additional income opportunities. Located in the heart of downtown Tower just blocks from beautiful Lake Vermilion, this is a rare opportunity with strong upside potential for the right buyer. Don’t miss your chance

Listing Details MLS# 7078849

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Other Parking Spaces
5
Owner Occupied
No
Waterfront YN
No
Year Built
1956
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
3590
Garage Stalls
5
For Sale or Lease
For Sale
Acres
0.09
Lot Dimensions
150x85
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: None Amenities Unit: City View Basement: Concrete Block CMU Style: Business Opportunity Construction Status: Previously Owned Current Use: Residential; Retail Existing Financing: Conventional Exterior: Brick/Stone Fencing: Chain Link Foundation: Brick/Mortar; Concrete Block Fuel: Electric Heating: Hot Water Location Description: Downtown Lock Box Type: None Lot Description: Corner Lot Miscellaneous Information: Single Phase On Site Utilities: Electric Separate Parking Characteristics: Multiple Garages; Off Site Potential Use: Industrial; Office; Retail; Shop; Warehouse Road Frontage: City Street Roof: Asphalt Shingles Sewer: City Sewer - In Street Stories: Two Water: City Water - In Street Window Features: Display Window(s)

Contract Information

Contingency
Inspection
ListPrice
339900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

Postal City
Tower
County
St. Louis
State
MN
Zip Code
55790
Complex/Dev/Subdivision
Tower

Additional Parcels Information

Property ID #2
0800010003440

Assessments

Tax With Assessments
3260
Assessment Balance
0
Assessment Installment
0

More Information

Basement

Foundation Dimensions
3590
Concrete Block
Yes

Building Information

Building Finished SqFt
3590
Building SqFt
7180
Ceiling Height
Less Than 8 Feet

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No
Single Phase
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
25x48
Garage Door Height
12
Garage Square Feet
2046
Multiple Garages
Yes
Off Site
Yes

Public Survey Info

Range#
15
Section#
32
Township#
62

Sale Options

Sale Includes
Building, Leases

Unit Details

Total Units
7

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
SLY 85 FTSLY85 FT lot 16 Block 27 tower
Listing City
Tower
Map Page
999
Municipality
Tower
School District
St. Louis County
School District Phone
218-749-8130
Zip Plus 4
331
Property ID Number
080001003430
Tax Year
2026
Tax Amount
3260
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Historic downtown Tower multi-use commercial building offering location, income potential, and endless opportunity. Whether you are looking to expand your investment portfolio, start a new business venture, or bring your own ideas to life, this property has it all. Featuring solid historic construction and strong craftsmanship throughout, the building includes two retail/commercial spaces,3 spacious upper-level apartments already producing income, abundant storage areas, basement space, and warehouse-style garages oversized garage doors plus a separate shop area. The flexible layout creates endless possibilities for retail, service businesses, storage rental, workshops, or additional income opportunities. Located in the heart of downtown Tower just blocks from beautiful Lake Vermilion, this is a rare opportunity with strong upside potential for the right buyer. Don’t miss your chance
Directions
Hwy 169 into tower on left hand side down town block from the Harbor

Accessible

None
Yes

Air Conditioning

None
Yes

Amenities Unit

City View
Yes

Construction Status

Previously Owned
Yes

Existing Financing

Conventional
Yes

Exterior

Brick/Stone
Yes

Fencing

Chain Link
Yes

Foundation

Brick/Mortar
Yes
Concrete Block
Yes

Fuel

Electric
Yes

Heating

Hot Water
Yes

Lock Box Type

None
Yes

Lot Description

Corner Lot
Yes

Road Frontage

City Street
Yes

Roof

Asphalt Shingles
Yes

Sewer

City Sewer - In Street
Yes

Stories

Two
Yes

Water

City Water - In Street
Yes

Window Features

Display Window(s)
Yes

On Site Utilities

Electric Separate
Yes

CMU Style

Business Opportunity
Yes

Current Use

Residential
Yes
Retail
Yes

Location Description

Downtown
Yes

Potential Use

Industrial
Yes
Office
Yes
Retail
Yes
Shop
Yes
Warehouse
Yes
IDX
Listing Office: Anchor Realty
Last Updated: June - 19 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.