Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    509 Cherokee Street Leavenworth, KS 66048

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $195,000

    Mixed-use property in Leavenworth's Central Business District.

    Type:Commercial/Industrial
    Property size:
    4,320 SF
    Lot size:
    0.07 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    21
    Last Refresh:
    Mar 25 at 9:35 pm

    Property Features for 509 Cherokee Street

    General Information

    Standard status
    Active
    Size
    4,320 SF
    Lot size
    0.07 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    Laurie Mefford
    Laurie Mefford

    Listing agent Laurie Mefford License #SP00240417

    Listing office EXP Realty LLC

    Listing date Mar 12, 2026

    Source Exitrealty

    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 EXP Realty LLC

    Overview

    Historic Mixed-Use Leavenworth Property

    Located in the heart of the Central Business District, this mixed-use property, constructed in 1910, offers a blend of classic character and modern opportunity. The main level features 2,520 sq. ft. of retail space suitable for a boutique, coffee shop, office, or studio. Upstairs, there is a 1,800 sq. ft. residential unit, ideal for rental income or a live-work setup. The property features a historic brick façade and large display windows. It also includes off-street parking, a rear garage, and alley access, with additional public parking nearby. This property is located in a walkable area surrounded by shops and restaurants. It offers potential for business owners, investors, or those seeking a live-work lifestyle.
    Location Intelligence

    Current Use by Public Records

    Levitate Vocational School

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leavenworth
    County
    Leavenworth
    State
    Kansas
    Longitude
    -94.9153
    Latitude
    39.317

    Nearby Similar for Sale

    • $275,000

      Leavenworth Triplex: Income Potential

      Income-producing triplex in Leavenworth, near Fort Leavenworth.
      1413 Spruce Street, Leavenworth, KS 66048
      View Details
    • $195,000

      Leavenworth Duplex with Updated Units

      Duplex in Leavenworth with updated kitchens and private parking.
      506 Ottawa Street, Leavenworth, KS 66048
      View Details
    • $2,000,000

      Leavenworth Multifamily Investment Opportunity

      Four buildings, 29 units, and 17 garages in Leavenworth.
      514 7th Street, Leavenworth, KS 66048
      View Details
    • $305,000

      Historic Building with Income Potential

      Late 1800s building with retail and residential opportunity.
      504 Delaware Street, Leavenworth, KS 66048
      View Details
    • $659,000

      Leavenworth Multifamily Investment Opportunity

      Six updated units with garages and in-unit laundry.
      310-312 N 8th Street, Leavenworth, KS 66048
      View Details
    • $204,900
      1,302 SF

      Leavenworth Retail Opportunity For Sale

      Retail property with high visibility and accessibility in Leavenworth.
      301 N 4th Street, Leavenworth, KS 66048
      View Details
    • $1,950,000

      Leavenworth Multifamily Investment Opportunity

      18-unit multifamily property near Fort Leavenworth with value-add potential.
      720 Ottawa Street, Leavenworth, KS 66048
      View Details
    • $109,900

      Leavenworth Duplex Near Downtown

      Well-maintained duplex near downtown Leavenworth with flexible leasing options.
      512 Miami Street, Leavenworth, KS 66048
      View Details
    • $475,000
      3,500 SF

      Commercial Building Near Fort Leavenworth

      Commercial building in growth area, opportunity zone, ready for occupancy.
      1101 N 5th Street, Leavenworth, KS 66048
      View Details
    • $500,000
      15,000 SF

      Corner Lot Warehouse with Income

      15,000+ sq ft warehouse on corner lot with tenants.
      422 Seneca St, Leavenworth, KS, 66048-1910
      View Details
    • $1,100,000

      Downtown Leavenworth Mixed-Use Building

      Commercial and residential building in a prime downtown location.
      100 S 5Th Street, Leavenworth, KS 66048
      View Details
    • $1,950,000
      38,800 SF

      Medical Building in Central Location

      Three-story medical building with ample parking and convenient access.
      1001 6th Ave, Leavenworth, KS 66048
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in Leavenworth's Central Business District.
    Where is this mixed-use property located?
    The property is located at 509 Cherokee Street Leavenworth, KS.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: Prime Central Business District location in the heart of Leavenworth.; Versatile mixed‑use property suitable for business, investment, or live‑work.; **High‑visibility storefront ideal for various retail or office ventures.**
    (913) 451-6767
    We can help!
    Listing Contact
    Laurie Mefford
    Laurie Mefford
    Real Estate License ID: SP00240417
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!