Rare Industrial/Commercial Owner-User & Investment Opportunity in Wauregan! This versatile property offers approximately 9,600 square feet of main-level gross rentable area, an additional approximately 9,600 square feet of usable below-grade space, 2.6 acres, substantial paved parking, and potential for future expansion. The main level is currently configured with four separate spaces-two rental spaces and two office spaces. The property is owner occupied, while the other three units/spaces are currently leased at below-market rents, providing an attractive opportunity for a new owner to increase rental income over time as leases are renewed or restructured. The approximately 9,600-square-foot lower level provides an exceptional amount of additional usable space and is currently utilized for warehouse/storage purposes. Accessible by an overhead door and offering approximately 6.5 feet of headroom, this area could be ideal for warehouse storage, inventory, equipment, or potentially climate-controlled storage units, subject to zoning, building requirements, and applicable approvals. Situated on approximately 2.6 acres and zoned Industrial, the property also offers potential for the construction of an additional structure, providing an exciting opportunity for future expansion and increased value. The property features extensive paved parking and enjoys good visibility from Route 205. Mill next door is currently being worked on, converting to Retail and Residential. This property could be utilized as is commercial retail, office, lower level could be utilized as storage, or additional commercial space. Whole building be converted to apartments with a zone variance. Given the site size 2.6 Acres additional buildings could be constructed, site development map included.