Situated in the desirable village of Lakewood, this unique R2 multi-family zoned property offers endless possibilities for homeowners, investors, or entrepreneurs alike. A private entrance welcomes you into the thoughtfully renovated single-family home featuring 4 bedrooms and 2 1/2 baths offering comfortable living with exceptional flexibility. Features include a bright, open-concept layout seamlessly connecting the updated kitchen, dining & living areas-ideal for everyday living & entertaining. The expansive 1st floor primary suite provides privacy, complete with ensuite bath and a generous walk-in closet. The laundry room and attached 2 car garage complete the 1st floor. Wind your way upstairs to 3 add'l bedrooms, a full bath and an abundance of storage. The attached professional office space, long utilized as a dental office, opens the door to countless opportunities. Continue operating a professional business, create additional living quarters, or explore the potential for an apartment conversion — all subject to Village approval and a required “special use” permit for many alternate uses. The versatility of this property makes it an outstanding investment opportunity. Live comfortably in the home while operating your business next door, or generate additional income by leasing the professional space separately. Positioned in a well-trafficked location with the convenience of an additional attached parking lot, the office also features a designated private entrance accessible from the residential side of the property for added ease and functionality. Outside, the oversized deck overlooks a fully fenced backyard oasis offering both peace and privacy. Spend sunny afternoons relaxing in the hammock, entertain guests outdoors, or unwind around the fire pit on warm summer evenings. This rare property combines residential charm, business potential, and investment versatility all in one exceptional Village location.