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.
For sale
Price cut: $15K (8/5)
$144,000
507 Main St, Tower, MN 55790
3beds
1baths
1,512sqft
Residential
Built in 1925
4,791 Square Feet Lot
$-- Zestimate®
$95/sqft
$-- HOA
What's special
Prime downtown locationOpen floor planLarge windowsSpacious office areaUpper rear-facing deckPrivate living quarters
- 405 days |
- 230 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Sherry Zupancich Anderson,
Vermilion Land Office Inc
Source: Range AOR,MLS#: 148672
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
Bedroom 1
- Level: Upper
- Area: 105.63
- Dimensions: 9.75 x 10.83
Bedroom 2
- Level: Upper
- Area: 160.33
- Dimensions: 12.33 x 13
Bedroom 3
- Level: Upper
- Area: 144
- Dimensions: 12 x 12
Living room
- Level: Upper
- Area: 192.83
- Dimensions: 14.83 x 13
Heating
- Oil, Forced Air
Cooling
- Central Air
Appliances
- Included: Electric Range, Range Hood, Microwave, Refrigerator, Washer, Elec. Dryer, Electric Water Heater
Features
- Basement: Full,Poured
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,520
- Total interior livable area: 1,512 sqft
- Finished area below ground: 1,008
Property
Parking
- Total spaces: 2
- Parking features: 2 Stalls, Detached
- Garage spaces: 2
Features
- Levels: One and One Half
- Patio & porch: Deck
- Exterior features: Guttering: No
- Waterfront features: 0 - None
Lot
- Size: 4,791 Square Feet
- Dimensions: 140 x 36.5
Details
- Parcel number: 080001002325
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Residential
Materials
- Vinyl Siding, Wood Siding, Wood Frame
- Roof: Asphalt,Shingle
Condition
- Year built: 1925
Utilities & green energy
- Electric: Amps: 100
- Utilities for property: Water Connected, Sewer Connected
Community & HOA
Location
- Region: Tower
Financial & listing details
- Price per square foot: $95/sqft
- Tax assessed value: $57,600
- Annual tax amount: $1,827
- Date on market: 7/8/2025
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Price change | $144,000-9.4%$95/sqft |
Source: Range AOR #148672 Report a problem | ||
| 3/29/2026 | Price change | $159,000-5.9%$105/sqft |
Source: Range AOR #148672 Report a problem | ||
| 7/16/2025 | Price change | $169,000-4%$112/sqft |
Source: Range AOR #148672 Report a problem | ||
| 7/8/2025 | Listed for sale | $176,000+252%$116/sqft |
Source: Range AOR #148672 Report a problem | ||
| 2/20/2019 | Sold | $50,000$33/sqft |
Source: Public Record Report a problem | ||
| 11/3/2015 | Sold | $50,000$33/sqft |
Source: Public Record Report a problem | ||
| 12/24/2014 | Sold | $50,000+35.1%$33/sqft |
Source: Public Record Report a problem | ||
| 1/30/2013 | Sold | $37,000-67.8%$24/sqft |
Source: Public Record Report a problem | ||
| 10/24/2010 | Listing removed | $114,900$76/sqft |
Source: Vermilion Land Office #28798 Report a problem | ||
| 10/6/2010 | Listed for sale | $114,900+43.6%$76/sqft |
Source: Vermilion Land Office #28798 Report a problem | ||
| 2/21/2006 | Sold | $80,000+220%$53/sqft |
Source: Public Record Report a problem | ||
| 1/25/2001 | Sold | $25,000$17/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,588 -0.3% | $57,600 +0.7% |
| 2023 | $1,592 -3.4% | $57,200 +9% |
| 2022 | $1,648 +10.6% | $52,500 +1.2% |
| 2021 | $1,490 | $51,900 +7% |
| 2020 | $1,490 | $48,500 |
| 2019 | $1,490 +2.3% | $48,500 |
| 2018 | $1,456 +1.1% | $48,500 |
| 2017 | $1,440 -1.1% | $48,500 |
| 2016 | $1,456 -18.2% | $48,500 -2.6% |
| 2015 | $1,780 -0.2% | $49,800 -36.3% |
| 2014 | $1,784 +49.9% | $78,200 +6.4% |
| 2007 | $1,190 +149.8% | $73,500 +15% |
| 2006 | $477 -0.6% | $63,900 +24.1% |
| 2004 | $480 -1.4% | $51,500 +12% |
| 2003 | $486 +43.9% | $46,000 +17% |
| 2002 | $338 -15.6% | $39,300 -11.3% |
| 2001 | $400 +4.5% | $44,300 +8.6% |
| 2000 | $383 | $40,800 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 55790
Nearby schools
GreatSchools rating
- 5/10Tower-Soudan Elementary SchoolGrades: PK-6Distance: 0.1 mi
- 6/10Northeast Range SecondaryGrades: 7-12Distance: 16.6 mi
Schools provided by the listing agent
- District: St.Louis County-2142
Source: Range AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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