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1217 S Greeley Hwy 5,200 SF 100% Leased Office Building Cheyenne, WY 82007 $1,975,000 ($379.81/SF)



Executive Summary
Exceptional investment and owner-user opportunity on approximately 1.97 acres featuring multiple income-producing buildings, long-term tenants, and future development potential. The main commercial building offers approximately 5,264 square feet above grade and is thoughtfully divided into two separate office suites with private entrances. Suite A (3,000 SF) and Suite B (2,200 SF) each feature their own kitchen and two restrooms, providing flexibility for a variety of professional or commercial uses. An additional 1,500-square-foot basement serves as storage and conference space, adding valuable functionality to the property. The property also includes an impressive 40' x 96' outbuilding constructed in 2018. Designed with quality and efficiency in mind, the shop features four 16-foot overhead doors, heat, ventilation system, office space, and a restroom. The building is currently leased to a mechanic and offers excellent utility for industrial, service, or commercial operations. A unique advantage of this property is its flexibility. While the existing leases provide immediate income, the office tenants are open to continuing or terminating their occupancy, creating an excellent opportunity for an owner-user seeking immediate space while maintaining additional rental income. The mechanic lease remains in place, providing stability and consistent revenue. Each tenant is separately metered and responsible for their own utilities, helping minimize owner expenses and simplify management. Adding to the property's long-term value, the parcel was originally platted to accommodate an additional building site between the commercial office building and shop, offering future development opportunities for expansion, additional income, or owner occupancy. Whether you're seeking a strong investment property, a business headquarters with supplemental income, or a property with future development potential, this offers a rare combination of cash flow, flexibility, and upside potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,200 SF
Building Class
B
Year Built
2006
Price
$1,975,000
Price Per SF
$379.81
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
5,200 SF
Building FAR
0.06
Lot Size
1.97 AC
Opportunity Zone
Yes
Zoning
CB
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1-1079-0039-0002-0 | Improvements Assessment | $98,889 |
| Land Assessment | $16,483 | Total Assessment | $115,372 |
Property Taxes
Parcel Number
1-1079-0039-0002-0
Land Assessment
$16,483
Improvements Assessment
$98,889
Total Assessment
$115,372
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1217 S Greeley Hwy
