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$339,900 Just Listed

  • For Sale
  • Active
  • Commercial
  • 7,180 Sq. Ft.
  • 0.097 Acres
  • Updated 1 day ago
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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

Full Property Details for 601 Main St

General

  • Price: $339,900
  • Taxes: $3,260 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7078849
  • Updated: 5/22/2026
  • Added to Site: 2 day(s) ago

Additional Information

  • Amenities: City View

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Description: 25 x 48
  • Garage Spaces: 5
  • Parking Features: Attached Garage, Multiple Garages, Off Site, On-Street Parking Only

Location

  • County: St. Louis
  • Township: Tower
  • Subdivision: Tower
  • Driving Directions: Hwy 169 into tower on left hand side down town block from the Harbor

School Information

  • School District: 2142 - St. Louis County
  • High School District: St. Louis County

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Water
  • Heating Fuel: Electric

Utilities

  • Sewer: City Sewer in Street
  • Water: City Water (In-Street)
  • Utility Description: Electric Separate

Structural Information

  • Basement: Yes
  • Basement Desc.: Block
  • Foundation Size: 3590
  • Roof: Asphalt
  • Ceiling Height: Less Than 8 Feet
  • Disability Access: None
  • Square Feet: 7,180
  • Finished Down/Base.: 7,180 Sq. Ft.
  • Current Bldg. Use: Residential, Retail
  • Year Built: 1956

Lot Features

  • Lot Size (Acres): 0.097
  • Lot Dimensions: 150 x 85
  • Frontage: City Street
  • Potential Use: Office, Retail, Shop, Warehouse, Industrial
  • Zoning: Business/Commercial
  • Lot Description: Corner Lot
  • Fencing (Description): Chain Link

Financial Considerations

  • Tax Amount: $3,260
  • Tax Year: 2026

Disclosures and Reports

  • Legal Description: SLY 85 FTSLY85 FT lot 16 Block 27 tower
  • Inclusions: Building, Leases
  • Property ID: 80001003430

Listed by Anchor Realty

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— 601 Main St —

  • Anchor Realty

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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 601 Main St

School District:St. Louis County School District
NameGradesDistance
Tower-Soudan Elementary School
415 North 2nd Street, Tower, MN 55790
PK-60.2 mi
Northeast Range Secondary
30 South Drive, Babbitt, MN 55706
7-1216.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 601 Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/21/2026
Listed
$339,900
239.9%
MLS
5/12/2014
Sold
$100,000
—
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 601 Main St

Year
Property Taxes
Change
Tax Assessment
Change
2026
$2,264
4%
$89,000
2%
2025
$2,184
-1%
$87,100
9%
2024
$2,206
—
$80,000
1%
2023
$2,212
-4%
$79,500
—
2022
$2,310
-4%
$79,500
-5%
2020
$2,398
4%
$83,600
—
2019
$2,316
-1%
$83,600
—
2018
$2,342
-16%
$83,600
—
2017
$2,786
—
$83,600
—
2016
$2,786
-8%
$83,600
-16%
2015
$3,012
2%
$99,700
—
2014
$2,940
-1%
$99,700
—
2013
$2,968
—
$99,700
—
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 Anchor Realty

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601 Main Street, Tower, MN 55790 (MLS# 7078849) is a Commercial property. 601 Main Street is currently listed for $339,900 and was received on May 21, 2026. Want to learn more about 601 Main Street? Do you have questions about finding other Commercial 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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