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About This Home

This 3-bedroom, 1-bathroom single family at 507 Main Street in Tower, MN is listed for $159,000 ($105 per sqft). Built in 1925, the home offers 1,512 sqft of living space on a 0.11 acres lot.

Agent Description

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.

Key Features

  • Built in 1925
  • 0.11 acre lot
  • 1.5 stories
  • 2 parking spaces

Property Details

2 stories
1 full
2 spaces
1925

Amenities

Basement

Monthly Cost Estimate

$850/mo

20% down · 6.5% · 30 years

Principal$115
Interest$689
Insurance$46

Estimates only. Actual payments may vary.

Location

507 Main Street

Tower, MN 55790

Features & Amenities

Exterior Features

Deck

Property Details

Heating

Forced AirOil

Cooling

Central Air

Appliances

DryerMicrowaveRangeRefrigerator

Questions & Answers

This 3-bedroom, 1-bathroom single family at 507 Main Street is listed at $159,000 ($105/sqft). The estimated monthly payment is $689 based on 20% down at 6.5% interest.

Key features include: Built in 1925, 0.11 acre lot, 1.5 stories, 2 parking spaces. Exterior Features: Deck.

This property is listed by Sherry Zupancich Anderson and can be reached at 2187801071 or info@vermilionland.com.

SA

Sherry Zupancich Anderson

Agent at Vermilion Land Office Inc

(218) 780-1071

Listed by Vermilion Land Office Inc · View on Broker Site

MLS# 148672· Source: listhub· Updated today

Copyright © 2026 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

507 Main Street, Tower, MN 55790

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