Prominently situated on a spacious corner lot just a short walk from vibrant downtown Lapeer, this historic circa 1890 home offers an exceptional blend of classic character and versatile potential. Featuring 4 bedrooms and 1.5 bathrooms, the property's expansive layout includes a main floor complete with a large family room, a formal living room, a dining area, a full kitchen, a half bath, and a flexible bonus space ideal for an additional main-level bedroom or an executive office. The upper-level includes four generously proportioned bedrooms, a full bathroom, and a secondary partial kitchen, offering an optimal setup for multi-generational living or a multi-unit duplex conversion. Having successfully operated as a Montessori preschool on the main floor for many years, the structure easily adapts to diverse single-family residential, income-generating, or continued commercial applications. Complete with a full basement providing extensive storage capacity and a beautifully maintained backyard fully enclosed by premium white vinyl picket fencing, this unique property presents a rare opportunity for investors, families, and business owners alike.