Renovated Mixed-Use
For Sale
$790,000
2200 LOGAN AVE, Cheyenne, WY 82001
Commercial/Industrial, Cheyenne, WY
Property Size3,888 SF
Lot Size0.13 Acres
Price / SF$203.19
Days on Market151
Property Features for 2200 LOGAN AVE
General Information
Property type
Commercial Sale
Property subtype
Other
Appliances
Building, Business, Fixtures
Subdivision
LARAMIE
Standard status
Active
Size
3,888 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CHEYENNE: EAST 44' OF LOT 8, BLOCK 187
Tax Annual Amount
2705
Legal Description
CHEYENNE: EAST 44' OF LOT 8, BLOCK 187
Amenities
full kitchen
restroom
ramp access
Building Details
Year built
1941
Building materials
Frame
Roof type
Composition
Listing Agency:
Real Broker, LLC
(307) 772-1184
Listed By:
JP Fluellen · License #12637
7
Added: May 12
Changed: Sep 20
Last Checked: Oct 9 at 12:06PM
MLS# 100748
Copyright © 2026 Cheyenne MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,888-square-foot mixed-use property combines a renovated commercial workspace with three residential apartments. The 1,968 SF main level includes an open coworking room, nine private offices, a kitchen, restroom, vaulted ceiling with exposed wood beams, new flooring, updated electrical and plumbing, asbestos abatement, and ramp access. The commercial area is currently operated by eight active members, with month-to-month commercial leases supporting flexible occupancy arrangements.
The lower level contains two approximately 600 SF one-bedroom, one-bath apartments and one approximately 750 SF two-bedroom, one-bath apartment. Each residence has a separate exterior entrance, and all three are occupied. The property also includes off-street and on-street parking, plus a detached 2-car garage at the rear. A composition roof installed in 2026 covers the entire building. Located at 2200 Logan Ave in Cheyenne, the property occupies a 0.13-acre lot and was built in 1941.
The lower level contains two approximately 600 SF one-bedroom, one-bath apartments and one approximately 750 SF two-bedroom, one-bath apartment. Each residence has a separate exterior entrance, and all three are occupied. The property also includes off-street and on-street parking, plus a detached 2-car garage at the rear. A composition roof installed in 2026 covers the entire building. Located at 2200 Logan Ave in Cheyenne, the property occupies a 0.13-acre lot and was built in 1941.
Key Highlights
- 3,888 SF mixed‑use building on a 0.13‑acre lot
- Renovated 1,968 SF main floor with open workspace and nine private offices
- Three lower‑level apartments: two approximately 600 SF 1BR/1BA units and one approximately 750 SF 2BR/1BA unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,645
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,900
$712.9K
Cap Rate 7%
$509,214
$509.2K
Cap Rate 9%
$396,056
$396.1K
Market Conditions
NOI Build-Up for 3,888 SF
Gross rent
$67.7K $17.40/SF
− Vacancy
−$2.8K −$0.73/SF
EGI
$64.8K $16.67/SF
− OpEx
−$29.2K −$7.50/SF
NOI
$35.6K $9.17/SF
Area
Laramie County, WY
Vacancy
4.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,900
Cap Rate 7%
$509,214
Cap Rate 9%
$396,056
Alternative Uses
Best Use
Apartment 5plus
$509.2K
$445.6K – $594.1K
NOI $35,645 @ 7.0% cap · market cap 4.51%
Second Best
Mixed Use
$389.5K
$340.8K – $454.4K
NOI $27,265 @ 7.0% cap · market cap 3.45%
Theoretical Best
Retail
$637.1K
$557.5K – $743.3K
NOI $44,598 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Explore this area
Business Placement
Demographics for 82001, WY
37,528
Population
17,977
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
95%
High-School Grad
55.1 sq mi
ZIP Area
681
Density / Sq Mi
$74,149
Median Household Income
$45,456
Median Earnings
$1,044
Median Rent
$291,400
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial workspace with separate residential apartments and detached garage in a multi-tenant configuration.
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 $790,000.
What are key features of this property?
This property features: 3,888 SF mixed‑use building on a 0.13‑acre lot; Renovated 1,968 SF main floor with open workspace and nine private offices; Three lower‑level apartments: two approximately 600 SF 1BR/1BA units and one approximately 750 SF 2BR/1BA unit
