504 Delaware Street, Leavenworth, KS 66048

Property Description

Where historic character meets investment opportunity. Built in the late 1800s, this downtown Leavenworth commercial property offers nearly 6,000 square feet on each level and an established income-producing tenant. The main floor is occupied by Plain Janes & Co. Quilt Shop, which expanded into both storefront spaces in June 2025 and entered into a five-year lease generating $33,600 in annual rent. A portion of the lower level was also recently updated as part of the tenant’s expansion. The upper level offers approximately 6,000 square feet of value-add potential. A three-bedroom, one-bath apartment shell is already in place with generous kitchen and living areas, providing an opportunity for a relatively quick renovation and additional income. The remaining space includes more than 4,000 square feet of unfinished or partially framed areas, including former office space with drop ceilings, that will require a complete renovation. Reimagine the upper floor as multiple apartments, creative office space, an event venue, or a combination of uses, subject to zoning and required approvals. With existing rental income, substantial redevelopment potential, and a prominent downtown location, this property presents a rare opportunity to own a piece of Leavenworth history while creating its next chapter.