17 N MAIN ST

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17 N MAIN ST

SHERIDAN, WY 82801-6312
Asking Price
$2.49M
Cap Rate
7%
Asset Type
Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Historic mixed-use property located in downtown Sheridan Wyoming
  • Asset offered for sale at a price of 2490000 dollars
  • Current investment opportunity carries a 7 percent cap rate
  • Located centrally at 17 North Main Street in Sheridan
  • Structure suitable for diverse retail or office use cases

What's Special

Sheridan serves as a primary hub for commerce in northern Wyoming, characterized by a resilient regional economy and a historic downtown core. Positioned along North Main Street, this mixed-use asset sits at the center of the local business district. The property benefits from the steady foot traffic and established commercial environment typical of this growing mountain west community. Investors and business owners may find value in the flexible configuration of the historic structure, which supports a variety of retail, office, or residential applications. The building provides a functional footprint for those looking to capitalize on the sustained interest in downtown revitalization projects within Sheridan. Its current performance metrics reflect the ongoing demand for well-located assets in this submarket, offering a stable addition to a diverse real estate portfolio. Prospective buyers can explore the potential for long-term appreciation in a setting defined by its unique regional heritage and consistent economic activity.

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NOI
$80,000
Cap Rate
3.21%
DSCR
0.54
Underwater
Cash-on-Cash
-9.08%
Monthly Payment
$12,319.161
Annual Cash Flow
$-67,829.937

Location & Travel Times