Rare opportunity to own an Iconic building in Historic Downtown Cottage Grove. This mixed-use building has 2 large commercial spaces and a 900 SqFt apartment on the 2nd Floor. Located in a walkable area with strong local visibility, the ground-floor commercial space is well suited for retail, office, or service-oriented uses and benefits from steady foot and vehicle traffic. Perfect investment for a passive investor looking to own a piece of history, or an owner-user looking to run a business in the vibrant downtown Cottage Grove. The Axe & Fiddle (majority Tenant) has been running in this location since 2006. They have weekly shows and events that bring many locals and visitors in. This is an excellent opportunity for investors or owner-users seeking a stable income property in a desirable Oregon market with strong community appeal. All Units are leased, some up for renewal in 2026. Rejuvenated downtown ready for investment. The City has just completed a $6 million dollar redevelopment of Downtown. This building has been a core part of Downtown Cottage Grove.