Discover a fantastic investment opportunity in the heart of downtown Frankfort! This property features both residential and retail spaces, offering versatile income potential. Currently, there are 3 apartments with the potential to add a 4th apartment by converting the common laundry area. Ideal for long-term rentals or short-term accommodations. The lower level storefront is currently used as a single conjoined business but can be easily divided into 2 separate commercial spaces, perfect for retail, office, or service-based businesses. Situated in bustling downtown Frankfort, this property benefits from high foot traffic, excellent visibility, and convenient access to local amenities, shops, and restaurants. The flexible floor plan allows for maximizing rental income and significant value appreciation. Don’t miss out on this unique opportunity to own a versatile investment property in a thriving location. Whether you're looking to expand your real estate portfolio or start a new business venture, this property offers endless possibilities.