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    216 W Lincolnway Cheyenne, WY 82001

    Under Contract
    For Sale
    Contact for pricing

    Lease/Rental - Cheyenne, WY

    Property size:
    29,362 SF
    Lot size:
    0.20 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 216 W Lincolnway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Appliances
    Other
    Size
    29,362 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air, Hot Water (Heating), Natural Gas

    Building Details

    Year built
    1882
    Floors in Building
    3
    Building materials
    Block, Brick, Concrete, Stone
    Roof type
    Membrane, Other
    Architectural style
    Other

    #1 Properties (307) 634-2222 [email protected]

    Listing agent Jim Weaver (307) 634-2222

    Listing date Nov 19, 2025

    MLS# 95827 Listing URL

    Copyright © 2025 Cheyenne Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Cheyenne Building with Retail

    Located in downtown Cheyenne, this historic building, constructed in 1882, features office and retail spaces. The ground floor is occupied by established retail tenants, including Wyoming Home, which has been a tenant for over 20 years. The upper levels offer over 8,500 square feet of office space, with the largest suite measuring approximately 4,500 square feet available for lease at the end of the first quarter of 2025. The property is fully ADA accessible, featuring an elevator, ramps, and spacious hallways. The building has a potential cap rate exceeding 6.5%, supported by current leases and historical tenant performance. Following renovations a few years ago, the property includes modern amenities while preserving its historic charm. A state-of-the-art fire suppression system, including active sprinkler systems and smoke dampeners, ensures safety and complies with city codes. The property has a lot size of 0.2 acres and a property size of 29,362 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carl's Jr. Fast Food Restaurant Wyoming Home Home Goods Store

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.816226
    Latitude
    41.132736

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    FAQs

    What type of property is this?
    Office building - Historic building in downtown Cheyenne with office and retail spaces.
    Where is this office building located?
    The property is located at 216 W Lincolnway Cheyenne, WY.
    What are key features of this property?
    This property features: - Potential cap rate exceeding 6.5% supported by current leases and historical tenant performance.; - Prime downtown Cheyenne location with established retail tenants, including Wyoming Home (20+ years).; - Historic building (constructed 1882) with modern amenities following extensive renovations.
    (307) 634-2222
    Request Owner's contact information
    216 W Lincolnway Cheyenne, WY 82001
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    Cheyenne, WY 82001
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    Realmo Value Estimation

    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.

    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.

    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
    216 W Lincolnway Cheyenne, WY 82001
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