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Live-Work Office Building with Rooftop Deck
For Lease
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401 Elm Street, Lawrence, KS 66044

Turnkey renovated building offers an available first-floor office plus a two-bedroom Airbnb unit.

Space Size2,100 SF
Days on Market55

Property Features for 401 Elm Street

General Information

Standard status Active
Size 2,100 SF
Property subtype Office, Special Purpose

Units

Multifamily Units 1
Office Units 2

Additional Details

Business Included Yes

Building Details

Building Size 2,100 SF
Year Built 1872
Tenancy Single

Spaces For Lease

at 401 Elm Street Contact us

Space 1

Size
2,100 SF
Type
Office, Special Purpose
Lease Type
Gross
Availability
Active
Contact us
Listing Agency: Foundations Commercial Real Estate
Listed By: Kirsten Flory · License #SP00220332
Source: Crexi
Added: Jun 18 Changed: Aug 9 Last Checked: Aug 8 at 1:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Foundations Commercial Real Estate

Investment Insights

Based on property information with market context.

This fully renovated live-work office building includes two versatile commercial spaces, with one currently leased and one available. The available space features an updated first-floor office paired with a lower-level office/recording studio. Interior highlights include high ceilings, immense character, and high-end finishes. A private rooftop deck adds outdoor space to the building’s overall layout.

The property is located near Downtown Lawrence at 401 Elm Street, offering a mixed-use configuration that combines commercial space with a residential unit. In addition to the commercial spaces, the building includes a premium two-bedroom residential unit that is operating as a successful Airbnb.

As a result, the available office suite can support businesses that want both traditional office space and an integrated recording room below. The combination of commercial and short-term rental living space also makes the property workable for a live-work arrangement, or for an operator seeking a single building with both office and residential operations under one roof. The building’s turnkey presentation and updated improvements are designed to support immediate use for a qualified tenant.

Key Highlights

  • Renovated 1872 building near Downtown Lawrence with two commercial spaces: one leased and one available
  • Available first‑floor office includes a lower‑level office/recording studio
  • High ceilings and updated interior finishes throughout the available office space

Property Analytics

Current Use

Sabatini Architects Architect The Post Haus Recording Studio

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Bakery Veterinary Clinic Garden Center Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Office units
1
Residential units
Turnkey business
Opportunity
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

971
Businesses Nearby

Demographics for 66044, KS

28,276
Population
12,723
Households
2.2
Avg Household Size
28
Median Age
54%
College-Educated
95%
High-School Grad
64.2 sq mi
ZIP Area
440
Density / Sq Mi
$56,340
Median Household Income
$20,271
Median Earnings
$999
Median Rent
$228,100
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Live-work space - Turnkey renovated building offers an available first-floor office plus a two-bedroom Airbnb unit.
Where is this live-work space located?
The property is located at 401 Elm Street Lawrence, KS.
What are key features of this property?
This property features: Renovated 1872 building near Downtown Lawrence with two commercial spaces: one leased and one available; Available first‑floor office includes a lower‑level office/recording studio; High ceilings and updated interior finishes throughout the available office space
(785) 766-6568 Call to check price and availability
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