Active

216 W LINCOLNWAY

Cheyenne WY, 82001

$1,900,000


$64.71 per sqft

Active

29,362 sqft

Commercial

Built in 1882

Nestled in the vibrant heart of downtown Cheyenne, this historic building, constructed in 1882, embodies the rich heritage of Wyoming's Old West. Offering a blend of office and retail spaces, it showcases a thriving commercial environment. Currently, the ground floor is home to established retail tenants, including Wyoming Home, which has enjoyed over two decades of occupancy. The upper levels feature more than 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 building is fully ADA accessible and includes an elevator, ramps, and spacious hallways to ensure ease of access. Investors will appreciate the potential cap rate exceeding 6.5%, supported by both current leases and historical tenant performance. Following extensive renovations a few years ago, this property now boasts modern amenities while preserving its historic charm. Safety is prioritized with a state-of-the-art fire suppression system that includes active sprinkler systems and smoke dampeners in compliance with rigorous city codes. This iconic structure presents an exceptional opportunity for those looking to invest in a piece of Cheyenne's storied past while securing future growth potential.

95826

MLS ID

January 10, 2025

Listed

January 26, 2025

Updated

Map

216 W LINCOLNWAY
Cheyenne WY, 82001

Interior Features

Total Stories

3


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

115 V Electricity, 220 V Electricity, Three Phase PWR, City Water, Gas Forced Air Heat, Hot Water Heater, Natural Gas, Public Sewer, Other/See Remarks

Exterior/Building Features

Lot Size

0.2 Acres


Roof

Membrane, Other

Other Property Details

Area Name

LARAMIE


Garage

No


View

No


Pool

No

Courtesy of #1 Properties, Jim Weaver,
Listing Contact: 307-630-5161 

Based on information from Cheyenne Board of REALTORS (CBOR) as of 1/26/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2025 Cheyenne Board of REALTORS (CBOR). All rights reserved.

Data last updated 9:16 PM UTC, 1/26/2025

 

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