504 Delaware Street, Leavenworth, KS 66048
sale
$299,000
|
Other
Courtesy Of EXP Realty, LLC
Income Today. 6,000 SF of Upside Tomorrow. Own a piece of historic downtown Leavenworth with income already in place and room to create significantly more value over time. The approximately 6,000-square-foot main level is fully leased to Plain Janes & Co. Quilt Shop through June 2030, generating $33,600 in annual rent. That income covers the property's operating expenses and produces positive cash flow, allowing the next owner to benefit from the property today without taking on an immediate redevelopment project. The real upside is upstairs: approximately 6,000 square feet available for future development. A large three-bedroom apartment shell provides a head start, creating the unique possibility of an owner living on-site while collecting commercial rent and improving the remaining space over time. The balance offers flexibility for additional residential, office, event, or other uses subject to required approvals. Develop it now, phase improvements over time, or simply hold it for future value. Built in 1883, the property is a contributing building in the National Register-listed Leavenworth Downtown Historic District. Qualifying improvements may benefit from significant incentives, including Kansas and federal historic rehabilitation tax credits and Leavenworth's Neighborhood Revitalization property-tax rebate program. A performing downtown asset with income in place, positive cash flow, and an entire second floor of untapped potential.
Read More About This Property
Read Less About This Property
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Floors: 2
- Legal Description: Lots 3 & 4, Block 70, Leavenworth, Original Plat, a subdivision in Leavenworth, Leavenworth County, Kansas.
- MLSID: 2633165
Data powered by Attom Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
