A landmark opportunity in the heart of downtown Park Falls! Prominently positioned along busy State Highway 13, this beautifully updated mixed-use commercial building offers exceptional visibility, timeless character, and multiple income opportunities. Most recently home to the beloved Sweet Brew Bakery, this well-known destination has earned a loyal following & provides the perfect setting for your next business venture. The spacious main level features an inviting open floor plan configured as a dining & retail area, along with a 3/4 bath. The current commercial kitchen equipment is available for purchase separately. Whether you dream of opening a café, bakery, restaurant, brewery, retail boutique, office, salon, or another thriving business, this flexible space offers endless possibilities. The Sweet Brew business may also be available for purchase separately. Extensive improvements since 2020 provide peace of mind and modern efficiency, including central AC, tankless water heater, new front & rear entrances, bathroom updates, interior & exterior painting, new rubber roof & rafter improvements, remodeled upper-level apartments, LED lighting, updated wiring & plumbing, and pellet stove. The 2nd floor offers two 1 BR apartments with excellent income potential. One is a beautifully remodeled, furnished efficiency, while the other features a spacious living room, dining room, kitchen, bedroom, and full bath, ideal for long-term rentals, owner occupancy, or short-term rental. In the lower level, you'll find a finished office, half bath, laundry area, & abundant storage. Outside, you'll find an attached 522 SqFt storage area, an 8' x 10' storage shed, & parking area. Rich in history, thoughtfully improved, and filled with opportunity, this iconic downtown property is ready for its next chapter. Whether you're an entrepreneur, investor, or business owner looking to establish a presence in Wisconsin's Northwoods, this is an exceptional opportunity. Motivated seller!