$700,000

5907 Townsend Pl, Cheyenne, WY 82009

4,294 sq ft

Listed by Coldwell Banker, The Property Exchange, Jon Pietsch

Status: Active

MLS® #99357

Mixed-Use Commercial Property with Multiple Income Streams | 5%+ Return Potential This commercially zoned mixed-use property presents a compelling opportunity for investors seeking stable cash flow, flexible use, and long-term upside. Situated on a fully fenced ½-acre lot with city water and two irrigation wells, the property supports a variety of residential and commercial income strategies. The primary log home offers 4 bedrooms and 4 bathrooms and was expanded and remodeled in 2005, making it suitable for long-term rental, executive housing, or owner-occupant use. Interior features such as a fireplace and wood stove enhance tenant appeal and durability. A key value driver is the 20x30 detached, commercially zoned outbuilding with its own kitchen, allowing for separate leasing as office space, studio, short-term rental, or auxiliary dwelling (buyer to verify use). This structure enables dual-income or hybrid live/work configurations, supporting projected returns exceeding 5%, depending on rental mix and management. Additional improvements include a detached 1-car garage, mature trees for privacy, and ample space for future development or expansion. Located near schools, retail, and services, this property combines strong rental demand, zoning flexibility, and income diversification—an increasingly scarce asset class.

QUICK OVERVIEW

Built in 1929
$163 / Sq Ft
Hot Water, Radiant
75 Days on website
0.54 acres lot

INTERIOR

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

UTILITIES

AREA AND SCHOOLS

FINANCIAL INFO

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent Jon Pietsch

Listing Office Coldwell Banker, The Property Exchange, 307-632-6481

Updated Saturday, March 7, 2026 at 3:54:43 PM

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Cheyenne MLS. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate by the Cheyenne MLS. Copyright © 2026 Cheyenne MLS. All Rights Reserved.

NEIGHBORHOOD

About the Cheyenne Neighborhood

The character of Cheyenne is exemplified by its calm ambience. Cheyenne is quiet overall, as there are low levels of noise from traffic - however some parts can be quite loud, especially around US Highway 87, I-80, the airport (Cheyenne Rgnl/Jerry Olson Field) or one of the railway lines.

Learn more about Cheyenne

Elementary Schools

At least one elementary school within a 5-minute walk

Daycares

At least one daycare within a 5-minute walk

Groceries

At least one supermarket within a 15-minute walk

Car friendly

Good access to freeways and/or major arteries, with a low chance of parking problems

High Schools

At least one high school within a 20-minute walk

CLIMATE RISK FOR 82009

PROPERTY HISTORY FOR 5907 Townsend PL

BUYING

How Much Should You Offer on a House?

September 3, 2025

BUYING

10 Tips for Getting the Best Mortgage Rate

June 18, 2025

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5907 Townsend Pl, Cheyenne, WY 82009