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Turnkey Cheyenne Mixed-Use Opportunity

2200 Logan Ave Cheyenne, WY 82001

2200 Logan Ave, Cheyenne, WY, 82001
$799,000
For Sale
Claim this Listing
$799,000

Renovated commercial space with residential units, generating $6,059/month.

Property Size3,888 SF
Price / SF$205.50
AddedMay 12
Days on Market65
Last RefreshMay 26 at 12:29 am

Property Features for 2200 Logan Ave

General Information

Standard status
Active
Size
3,888 SF

Listing office Real Broker, LLC

Listing date May 12, 2026

Source Exprealty

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 Real Broker, LLC


Investment Insights

Based on property information with market context.

This mixed-use property in Cheyenne features a renovated main-floor workspace and three updated residential apartments on the lower level. The property generates a total gross monthly income of $6,059 from eleven tenancies. The 1,968 square-foot main floor has undergone a complete renovation, including asbestos abatement, new electrical and plumbing systems, new flooring, a kitchen, a vaulted ceiling with exposed wood beams, and a designer finish package. The flexible layout includes one open coworking-style room, nine private offices, a full kitchen, a restroom, and functional ramp access. Currently operating as a coworking community with eight active commercial members, the space could be occupied by a single business or used as a hybrid of own-occupied and commercial office leases. The lower level houses three residential apartments, including two one-bedroom, one-bathroom units at approximately 600 square feet each, and one two-bedroom, one-bathroom unit at approximately 750 square feet. Each apartment has its own private exterior entrance, separate from the commercial space, and in-unit updates. Additional features include a new composition roof installed in 2026, off-street and on-street parking, and a detached two-car garage at the rear for storage, fleet parking, or rental income. The property offers potential for owner-users to occupy the main floor while basement income offsets the mortgage, or for investors seeking immediate stabilized cash flow with value-add upside. All commercial leases are month-to-month, providing flexibility to raise rents or reconfigure for single-tenant use. The property size is 3,888 square feet.

Key Highlights

  • Turnkey mixed‑use property with immediate stabilized cash flow of $6,059/month gross from eleven income‑producing tenancies.
  • Fully renovated 1,968 SF main‑floor commercial space with a $400,000 renovation, including new electrical, plumbing, flooring, kitchen, and designer finishes.
  • Three updated residential apartments (two 1BR/1BA, one 2BR/1BA) on the lower level, each with private exterior entrance.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $67.7k $17.40
− Vacancy −$2.8k −$0.73
EGI $64.8k $16.67
− OpEx −$29.2k −$7.50
NOI $35.6k $9.17
3,888 SF · lease $17.40/SF/yr · vacancy 4.20% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$509.2K
$445.6K – $594.1K (±1% cap)
NOI $35,645 @ 7.0% cap · market cap 4.46%
Second Best
Mixed Use
$389.5K
$340.8K – $454.4K (±1% cap)
NOI $27,265 @ 7.0% cap · market cap 3.41%
Theoretical Best
Retail
$637.1K
$557.5K – $743.3K (±1% cap)
NOI $44,598 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Curt Lackey Homes Real Estate Agency Rozy Schoch, Real ... Real Estate Agency JP Fluellen, Real ... Real Estate Agency Phillip Lorenz Dental Office Bigfoot Marketing Solutions Marketing & Advertising

Suggested Use

HVAC Service (Bike/Boat/Book/etc) Store Locksmith Furniture & Home Goods Garden Center (Bike/Boat/Book/etc) Store Food Market (Bike/Boat/Book/etc) Store Carpet & Flooring Store Travel Agency

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

FAQs

What type of property is this?
Mixed-use property - Renovated commercial space with residential units, generating $6,059/month.
Where is this mixed-use property located?
The property is located at 2200 Logan Ave Cheyenne, WY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Turnkey mixed‑use property with immediate stabilized cash flow of $6,059/month gross from eleven income‑producing tenancies.; Fully renovated 1,968 SF main‑floor commercial space with a $400,000 renovation, including new electrical, plumbing, flooring, kitchen, and designer finishes.; Three updated residential apartments (two 1BR/1BA, one 2BR/1BA) on the lower level, each with private exterior entrance.
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