This beautifully restored historic store front building ideally located on Silver Street in downtown Lake City across the street from the Town Park and Library. The building was originally constructed in 1876 and has undergone a major retail renovation & residential addition in 2015. The retail commercial space was formerly an art gallery, and is currently leased to the much loved Inklings in Lake City business offering mountain home decor, antiques & gifts. The commercial space could be converted into a variety of allowed uses and offers 780+/- sq. ft. with ample track lighting, pony walls, separate room/office space, small utility sink with cabinets/countertops and 1/2 bath. The beautiful and well appointed attached residence offers 2 bedrooms, 1 1/2 baths, open living/kitchen area with aspen T&G ceilings, stainless steel kitchen appliances, recessed lighting, ceiling fans, a Rinnai heater, electric baseboard heat and ample Marvin double pane windows for ample light and south facing mountain views. Additional residential amenities, a stackable washer/dryer, separate back and side entrance, 1-car parking off of the alley and a small deck with built-in seating. The second bedroom has a 1/2 bath and kitchen appliances and is currently used by the leased business for inventory storage. Please note the residence will be sold mostly furnished. This property is located within the Town of Lake City Historic District Business Treatment Area and any exterior remodeling will need to be approved by the Historic Commission. This is a perfect opportunity for those wanting to own and operate a business in addition to living in their private residence. Please contact broker to schedule your showing today.