A unique opportunity in Petoskey offering an exceptional combination of residential living, income potential, and commercial flexibility. Situated just outside the city limits and only minutes from downtown Petoskey, 1414 Kilborn Drive offers a three-bedroom, one-and-a-half-bath home along with attached professional office/commercial space, all under one roof. Short-term rentals are allowed, adding yet another option for an owner, investor, or someone looking for a flexible live/work property. The property offers numerous possibilities—live in the residential portion while operating your business next door, lease the commercial space for additional income, utilize the property as a short-term rental, or explore converting additional space back to residential use or creating a duplex-style configuration. Originally constructed as a home, the building provides tremendous flexibility for a variety of future uses, subject to applicable zoning and approvals. Set on a prominent corner at Kilborn Drive and US-131, the property offers excellent visibility and convenient access while backing up to an established residential neighborhood. Enjoy a nice backyard and easy access to shopping, restaurants, medical services, and everyday conveniences, with downtown Petoskey and the waterfront just a short drive away. A versatile property with an uncommon combination of location, residential comfort, commercial potential, and opportunity. Please note: some minor construction would be needed to fully separate and configure the third bedroom and living room from the adjoining commercial space.