Located in the heart of historic Thompson Falls with sweeping views overlooking the Clark Fork River, this beautifully remodeled 3,438 square foot property offers a rare blend of residential comfort, commercial flexibility, and investment potential. Zoned for both commercial and residential use, this versatile property opens the door to a wide range of possibilities—from a spacious primary residence to a live/work setup, boutique business location, mixed-use venture, or future investment opportunity. Inside, the home features three spacious bedrooms, three bathrooms, vaulted ceilings, expansive gathering spaces, and large windows that fill the interior with natural light while framing stunning river, mountain, and downtown views. The thoughtfully designed kitchen includes a large island, eat-in seating, and an adjacent dining area ideal for entertaining. An oversized cedar deck extends the living space outdoors, creating the perfect setting to enjoy Montana sunsets overlooking the river. Extensive updates throughout the property include plumbing, electrical, heating, cooling, insulation, windows, siding, and security systems—offering peace of mind alongside modern efficiency. What truly sets this property apart is its flexibility. A separate front retail/commercial space is currently configured for business use, while an existing framed doorway within the home allows for an easy connection between the residential living area and commercial space if desired. The lower walk-out basement level was once operated as a local ice cream shop and presents additional opportunity for retail, office, studio, service-based business, or creative commercial use. Whether you're looking for a beautiful place to live, a business opportunity with built-in character, or a unique property in one of western Montana’s most charming riverfront communities—this property deserves a closer look.