For sale

$159,000

507 Main St, Tower, MN 55790

3beds

1baths

1,512sqft

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Residential

Built in 1925

4,791 Square Feet Lot

$-- Zestimate^®

$105/sqft

$-- HOA

What's special

Prime downtown locationOpen floor planLarge windowsSpacious office areaUpper rear-facing deckPrivate living quarters

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.

354 days

221

9

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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: $105/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

Price history

Date	Event	Price
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

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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