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    45 Main St Sheridan, WY 82801

    Sponsored
    For Sale
    $1,500,000

    Historic building, mixed-use potential, high visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This stunning 1919 building at 45 N Main Street, Sheridan, Wyoming (82801), presents a rare opportunity to acquire a piece of Sheridan's history. Located in the heart of the historic Main Street District, this property offers a unique blend of commercial and residential spaces. The main floor boasts high-visibility retail space, currently leased, providing immediate rental income. This prime location ensures exceptional foot traffic and exposure, maximizing investment potential. Upstairs, a meticulously renovated, high-end residential loft awaits, featuring three bedrooms and two and a half bathrooms. This loft seamlessly blends modern finishes with preserved historic details, including original wood floors and large windows that bathe the space in natural light. The open layout creates a spacious and airy atmosphere. The property's location is easily accessible, just past E Brundage Street on Main Street, a short distance from I-90 exit 23. This mixed-use property is ideal for those seeking a personal residence, a lucrative investment, or a combination of both, offering the chance to live and work in Sheridan's vibrant downtown. The asking price is $1,500,000. This is a chance to own a piece of Sheridan's rich past while enjoying modern comforts and an unparalleled downtown location.

    Property Features for 45 Main St

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Black Sheep Barber ... Barber Shop The Paint Post Painting Lessons THE PARLOR Hair Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Sheridan
    County
    Sheridan
    State
    Wyoming
    Longitude
    -106.9556815
    Latitude
    44.7979317

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    FAQs

    What type of property is this?
    Land - Historic building, mixed-use potential, high visibility
    Where is this land located?
    The property is located at 45 Main St Sheridan, WY.
    What is the asking price?
    The asking price for this property is $1,500,000.
    Request Owner's contact information
    45 Main St Sheridan, WY 82801
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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
    45 Main St Sheridan, WY 82801
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