Situated right on the main drag of Correctionville, this one-owner property offers exceptional potential with two versatile parcels. The primary residence is a well-maintained 3-bedroom, 2-bath ranch home featuring two family rooms and two full kitchens—perfect for multi-generational living, entertaining, or rental possibilities. The home is energy-efficient with in-ceiling radiant heat on the main floor (each room has its own zone control) and baseboard heat in the basement. It also includes a newer hybrid water heater with both geothermal and electric capabilities for added efficiency. Adjacent to the home, you’ll find a spacious 1,600 sq ft shop with endless potential—whether you’re looking to start a business, need a fully equipped hobby/workshop space, or want ample storage for boats, campers, bikes, and more. This building has a history of varied use, including a meat processing plant, cold milk storage, an upholstery shop, and a general workshop. It includes a half bath (currently winterized), a natural gas furnace (requires a propane tank to be reconnected), and a wood-burning stove. Parcel # for the shop is 894234451006. Electric meter is shared between properties; there is also an auxillary well located between the properties that is functional, although both parcels run off city water. Gross taxes reflect both parcels. Property did not get water in the basement with the 2024 flood. Inspections are welcome, but properties will be sold AS-IS.