602 Main Street, Tower, MN 55790 (MLS# 7132551)

602 Main Street, Tower, MN 55790

$290,000
Property Type: Commercial Square Footage: 4,460 Lot Size (sq. ft.): 20,909 Status: Active
Current Price: $290,000 List Date: 8/24/2026 Last Modified: 9/23/2026

Overview

Description

Historic City of Tower Commercial Opportunity-Invest in the Heart of Northern Minnesota! Positioned on a high traffic state hwy with thousands of visitors passing thru on their way to the BWCA, the Tower City Hall building offers exceptional visibility and an outstanding Main St. investment opportunity. Main level is leased to a well-established bar and liquor store, upper level is currently used as the City's office space, and the basement provides ample storage. Attached 35x48 garage offers plenty of room for vehicles and equipment. An additional city lot included for off-street parking. Endless possibilities for future use-restaurant, theater, apartments, condos, retail or office space, subject to local zoning and approval. Located in the gateway community to Lake Vermilion with new development including the twin home Harbor project, and Standing Bear Village & Marina. A unique opportunity to invest in Tower's growing Main Street!

Listing Details MLS# 7132551

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Other Parking Spaces
12
Owner Occupied
Yes
Waterfront YN
No
Year Built
1939
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
2230
Garage Stalls
2
Power Company
Minnesota Power
For Sale or Lease
For Sale
Acres
0.48
Lot Dimensions
150x140
Assessment Pending
Yes

Property Features

Accessible: Accessible Elevator Installed; Grab Bars In Bathroom Air Conditioning: None Basement: Concrete Block; Full CMU Style: Business Opportunity Construction Materials: Block; Frame Construction Status: Previously Owned Current Use: Business Service; Tavern/Lounge Exterior: Stucco; Wood Foundation: Concrete Block Fuel: Propane Heating: Forced Air Loan Terms: Cash; Conventional Location Description: Downtown Lock Box Type: Combo Lot Description: Corner Lot Miscellaneous Information: 2+ Lavatories On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Parking Characteristics: Paved Lot Road Frontage: Highway; State Road Road Responsibility: Public Maintained Road Roof: Asphalt-Rolled; Rubber Sewer: City Sewer/Connected Stories: Two Topography: Level Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
290000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
602
Street Name
Main
Street Suffix
Street
Postal City
Tower
County
St. Louis
State
MN
Zip Code
55790
Complex/Dev/Subdivision
Tower

Additional Parcels Information

Property ID #2
080001003080

Assessments

Assessment Balance
240
Assessment Installment
240
Tax With Assessments
240

More Information

Basement

Foundation Dimensions
106x38

Building Information

Building Finished SqFt
2230
Building SqFt
4460

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
35x48
Garage Square Feet
1680

Public Survey Info

Range#
15
Section#
32
Township#
62

Sale Options

Sale Includes
Building, Land

Unit Details

Total Units
2
IDX
Listing Office: Vermilion Land Office, Inc.
Last Updated: September - 23 - 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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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