Built in 1905, this beautifully preserved and thoughtfully updated 4-bedroom, 2-bathroom property offers the rare chance to combine residential living with commercial potential in one of Frederick's most vibrant locations. Situated directly beside the Frederick Fairgrounds, it benefits from excellent foot traffic and visibility, making it ideal for a home-based business, retail space, or office setup. Inside, you'll find an updated kitchen, dedicated office space or flex space, separate living and dining rooms, main-level washer and dryer, original radiator heating, and window units for cooling. A brand-new roof was installed in 2024, ensuring long-term peace of mind. The spacious, fully fenced backyard is surrounded by mature vegetation and a side privacy fence, creating a private retreat perfect for relaxing or entertaining. Enjoy easy access to all major highways, and walk to popular breweries, restaurants, shops, Carroll Creek and Baker Park. With timeless character, modern comforts, and unbeatable location, this versatile property offers the perfect opportunity to live, work, and thrive in the heart of Frederick.