Charming 1920 Craftsman bungalow brimming with potential and character, ideally situated in the heart of downtown, directly next to Shannon's Ice Cream Parlor and across from the Civic Auditorium. This unique property, nestled within the Central Business Commercial district zone, offers the flexibility of both commercial and residential use, making it a perfect fit for entrepreneurs and homebuyers alike. As you step inside, you're greeted by an array of original historic features waiting to be revitalized. The home retains its enchanting hardwood floors, high ceilings with crown molding, and classic French doors that lead into a welcoming living room. The original kitchen and bathrooms showcase delightful built-ins, adding to the home's vintage charm and appeal. Though in need of some cosmetic updates and a refresh, this bungalow is not without its modern upgrades. It boasts an ADA-compliant ramp for accessibility, an exterior basement entry, an updated electrical panel, and a new water heater. Climate control is effortlessly managed throughout the seasons with seven new minisplits distributed across three efficient heat pumps. With its prime location, this property offers an exceptional opportunity to enjoy a vibrant lifestyle, with easy access to all the local amenities, shops, and dining options. Whether you are looking to restore a beautiful home with your personal touch or to capitalize on a strategic business location, this Craftsman bungalow, listed on the Oregon Inventory of Historic Properties, represents a rare and enticing canvas ready for your vision.