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Downtown Cody Commercial + Residential Building 1128 12th Street, Cody, WY 82414
Residential - Income
Mixed Use
Property Description
Nestled in the heart of downtown Cody, Wyoming, this remarkable property at 1128 12th Street offers an extraordinary opportunity for savvy investors. Located directly across from the legendary Irma Hotel and just steps from bustling Sheridan Avenue, this property is steeped in history, charm, and financial potential.
This mixed-use building features over 5,908 sq. ft. of prime real estate across three levels, blending commercial and residential spaces. The second floor is home to two beautifully designed residential units, offering the ability to generate short-term rental income or a residence for a manager/owner. The main and basement level provides versatile commercial space for a variety of business needs.
Highlights:
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5,092 sq. ft. building on a 3,250 sq. ft. lot
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Zoned Commercial with Residential Use
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Prime downtown Cody investment opportunity located just off Sheridan Avenue, the city’s main commercial strip. This multi-unit property offers stable income with upside potential:
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Main Floor (Retail Unit): Long-term lease in place with a coffee shop/restaurant under construction, scheduled to open by the end of September. Current rent: $4,400/month NNN.
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Upstairs Unit 1: One-bedroom suite previously operated as an Airbnb at $130/day when booked. Recently leased to the tenant’s manager at $875/month on a 6-month lease.
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Upstairs Unit 2 (Owner’s Suite): Currently owner-occupied, to be vacated upon sale. Market rental potential estimated at $2,000/month.
Current Monthly Income: $5,275
Pro Forma Potential Income: $7,275
With all units occupied and a long-term retail tenant secured, this property provides immediate income and strong investment potential in one of Wyoming’s most visited downtown districts.
Area Description
Across from historical Irma Hotel, middle of downtown cody
Highlights
Current Monthly Income: $5,275
Pro Forma Potential Income: $7,275
Full Address: 1128 12th Street, Cody, WY 82414
Listing Type: FOR SALE
Status: Active
Building Class: A
Region: W-WM
County: Park County
Closest Cross Streets: Sheridan Ave
Use Type: MIXED
Property ID: 4061871
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Heating: Yes
Cooling: Yes
Has Gas: Yes
Building Sf: 5,908
Number Units: 1
Number Buildings: 1
Year Built: 1985
Current Monthly Income: $5,275
Pro Forma Potential Income: $7,275
1: Sips Coffee Occupied: SF Lease Expiration: