Located in the heart of downtown Ironwood, Michigan, this charming historical stone and brick building offers a unique and inviting living experience. Spanning approximately 7,000 square feet across two floors, the property boasts a spacious and versatile layout. The upper level features an exquisite loft area that has undergone a complete renovation. This captivating space is bathed in natural light from skylights, complemented by soothing neutral colors, intricate architectural details of the ceilings and crown molding, rich red oak flooring, and the expansive potential of the loft. There are 3 bedrooms, 1.5 bathrooms, laundry room, spacious living area, & a newly designed kitchen equipped with modern appliances, lighting, and island with a butcher block countertop. The dining area and a hot tub room provide convenient access to a patio & green space, creating an inviting atmosphere for guests to gather and unwind after exploring the area's activities and recreational offerings. Currently, the loft is rented on a nightly basis, generating substantial rental income. However, it also has the potential to serve as a personal home. Additionally on the 2nd level is a 2-bedroom, 1 bath, 990 sq ft apartment that is rented by a long term tenant. The main level has terrazzo flooring (under carpet) & approximately 4200 sq ft, stands as a blank canvas, offering the opportunity to transform it into personal living space if desired or designed to accommodate additional apartment space. The drive under garage and basement areas are accessible from two locations on the main level and can be utilized for parking and additional storage areas. This property presents an exceptional opportunity for individuals with innovative ideas and vision.