This exceptional downtown Grass Valley property offers a rare blend of immediate income and flexible living options. The parcel features two distinct buildings.. A beautiful 1500 sq ft. 3 Bedroom/2 Bath residential home. Recently renovated & modernized throughout with multiple configuration possibilities: Live in the entire home as owners residence while collecting income from the commercial tenant. Or it is also set up so that you can easily convert to a 1/1 & 2/1, Airbnb or live/work space. The property also includes a separate income-producing Commercial Space (1500 sq ft) Occupied by an established local dry cleaning business, providing a consistent rental income stream. Ideal prime location just steps from Mill Street Plaza,the vibrant heart of downtown Grass Valley with ample parking (9 spaces) and flexible zoning that accommodates both residential and commercial uses. A great space providing limitless possibilities to create your ideal living situation while generating significant investment returns.