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$169,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Total Bath
  • 1,512 Sq. Ft.
  • 2 Car Garage

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Located in a prime downtown location just off the main street/hwy with high traffic flow & excellent visibility, this unique residential/commercial property offers a fantastic opportunity for a business with the added benefit of residential living quarters above. The upper level provides private living quarters w/3 BRs, 1 bath, a kitchenette and an upper rear-facing deck. The spacious office area on the main floor is perfect for a variety of businesses, whether you're looking to set up an office, retail space, or professional services. Large windows allow for excellent visibility & natural light, while the open floor plan offers flexibility to customize the space to suit your specific needs. AND THE Bonus is a 2-stall heated garage! With its unbeatable location near beautiful Lake Vermilion, this property offers access to the surrounding community & outdoor activities.

Full Property Details for 507 Main St

General

  • Price: $169,000
  • Status: Active
  • Type: Single Family
  • Source: 1404
  • MLS ID: 148672
  • Updated: 7/16/2025
  • Added to Site: 227 day(s) ago

Interior

  • Fireplace(s): None
  • Appliances: Electric Range, Hood, Microwave, Refrigerator, Washer, Elec. Dryer

Rooms

Bathrooms

  • Total Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3
  • Primary Bedroom: 9'9 x 10'10, Upper
  • Bedroom 2: 12'4 x 13, Upper
  • Bedroom 3: 12 x 12, Upper

Other Rooms

  • Living Room: 14'10 x 13, Upper
  • Kitchen: w/LR, Upper
  • Other Room 1: Porch, 11'6 x 13'7, Main
  • Other Room 2: Commercial, 21'3 x 25, Main

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Garage Description: 24 x 26
  • Garage Spaces: 2
  • Garage Description: 2 Stalls, Detached

Location

  • Area: Tower/Soudan

School Information

  • School District: St.Louis County-2142

Heating & Cooling

  • Cooling Type: Central
  • Heating Type: Oil, Forced Air
  • Water Heater: Electric

Utilities

  • Utility Description: City Water, City Sewer

Structural Information

  • Architectural Style: 1 1/2 Story
  • Construction: Wood Frame
  • Exterior Const.: Vinyl, Wood
  • Basement Desc.: Full, Poured
  • Roof: Asphalt, Shingle
  • Amps: 100
  • Square Feet: 1,512
  • Upper: 504 Sq. Ft.
  • Lower: 1,008 Sq. Ft.
  • Main/1st Level: 1,008 Sq. Ft.
  • Basement Finished: 0%
  • Year Built: 1925

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Dimensions: 140 x 36.5

Disclosures and Reports

  • Property ID: 080-0010-02325

Listed by Vermilion Land Office Inc

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Listing agent

— 507 Main St —

  • Vermilion Land Office Inc

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 507 Main St

School District:St. Louis County School District
NameGradesDistance
Tower-Soudan Elementary School
415 North 2nd Street, Tower, MN 55790
PK-60.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 507 Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/16/2025
Price Reduced
$169,000
-3.98%
MLS
7/08/2025
Listed
$176,000
252%
MLS
2/04/2019
Sold
$50,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 507 Main St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,546
-3%
$57,600
1%
2024
$1,588
—
$57,200
9%
2024
$1,588
—
$52,500
1%
2023
$1,592
-3%
$51,900
—
2022
$1,648
11%
$51,900
7%
2020
$1,490
3%
$48,500
—
2019
$1,440
-1%
$48,500
—
2018
$1,456
-18%
$48,500
—
2017
$1,780
—
$48,500
—
2016
$1,784
-3%
$48,500
-3%
2015
$1,836
-35%
$49,800
-36%
2014
$2,823
-2%
$78,200
—
2013
$2,867
—
$78,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Vermilion Land Office Inc

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507 Main Street, Tower, MN 55790 (MLS# 148672) is a Single Family property with 3 bedrooms and 0 full bathrooms. 507 Main Street is currently listed for $169,000 and was received on July 08, 2025. Want to learn more about 507 Main Street? Do you have questions about finding other Single Family real estate for sale in Tower? You can browse all Tower real estate or contact a Coldwell Banker agent to request more information.

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