The Waupaca Historical Society purchased the depot building in 2004. In 2015, volunteers dug out a basement below the Depot. This area now houses a G-scale model train display, featuring artwork of historic sites around the Waupaca and Chain O'Lakes area, a train table for little train enthusiasts.

The Depot grounds also houses a car barn, which holds the baggage car from Waupaca's early trolley line. A caboose and Soo Line potato car also sit on the grounds for visitors to tour and view. The River Ridge Trail passes by the Depot along Oak St. and the granite quarry in Shambeau Park is just west of the depot grounds. A small trail connecting the Depot to the quarry has been built. Part of the connecting trail follows the old railroad siding that once served the quarry. In 2009, a car barn was built to house the baggage car from Waupaca's early 1900s trolley line. It is located at the bottom of the hill on the Depot grounds.