Discover a truly unique opportunity in the heart of charming Knife River! Zoned for both residential and commercial use, this versatile property offers endless possibilities to live, work, invest, or all three. Originally built as a single-family home, the main building could easily be converted back into a spacious residence. It currently features a beautifully updated commercial space on the main level with a bright, welcoming entry, custom finishes, and a unique bathroom with a sauna. The rear portion of the main level includes a custom kitchen, laundry/utility room, bedroom, and ¾ bath, creating a comfortable private living space. The upper level offers a private entrance and deck leading to a charming one-bedroom apartment with a custom kitchen, laundry, and inviting living area. The detached garage is fully insulated and heated with in-floor heat and is topped by another beautifully finished apartment with its own private deck-ideal for guests, owner occupancy, long-term rental income, or a sought-after North Shore short-term rental. Whether you're searching for a vacation property, an income-producing investment, a multi-family opportunity, or the perfect live/work setup, this property is ready to fit your vision. Operate your business on-site, generate rental income, or convert the main building back into a single-family home while maintaining the additional apartment above the garage. Located just a short walk from the Knife River Marina and Marina Beach, fishing on the Knife River is just steps from your door, and the famous Superior Hiking Trail is also nearby. You'll enjoy easy access to iconic North Shore favorites like the Great Lakes Candy Kitchen and Russ Kendall's Smoke House. This is your chance to own a truly special property in one of the North Shore's most beloved communities. Live here. Work here. Vacation here. Rent here. The possibilities are endless.