A true one-of-a-kind opportunity awaits the savvy buyer with this multi-use property. This unique building offers main level retail store frontage on highly trafficked E. Lake St in the heart of Petoskey's gaslight district. To the rear off Reid's Alley you will find an additional commercial space that served previously as a cigar bar and lounge. However, with its high ceilings and open concept this space can be purposed for many different uses. Use your imagination to transform this footprint and let the retail space and residential unit above subsidize your project in the process! The 2-Bedroom, 2-Bathroom upstairs apartment with separate street side access is beautifully renovated and can serve as either an income stream or lodging for owner-occupancy. Whether looking to operate your own business or simply create cash flow as an investment, this is a great opportunity in the fast-growing Downtown Petoskey market. They aren't making more of these kinds of offerings. Become part of historic Downtown Petoskey today! **PLEASE DO NOT APPROACH COMMERCIAL TENANT WITH INQURIES ON THIS LISTING.** Contact listing agent for details on property and to schedule a showing outside normal business hours.