The Shot Tower/Market Place Metro Subway Station is one of 14 stops along the Baltimore Metro Subway line. It is in the central part of the city, in close proximity to many well-known landmarks, including the Baltimore Shot Tower for which it is named, Port Discovery, Power Plant Live!, the Harbor campus of Baltimore City Community College, the National Aquarium, the Flag House, and Little Italy. The station has two street-level entrances, but unlike other Baltimore Metro stations that do, both these entrances share a common gate inside the station. The Shot Tower/Market Place station is one of two stops in the third phase of the Baltimore Metro, having opened in 1995.

A shot tower is a tower designed for the production of shot balls by freefall of molten lead, which is then caught in a water basin. The shot is used for projectiles in firearms.