Brick Mixed-Use
For Sale
$535,000
409 Broadway, Baraboo, WI 53913
Two-level property combines configured office space with a fully leased apartment.
Property Size3,630 SF
Price / SF$147.38
Days on Market99
Property Features for 409 Broadway
General Information
Standard status
Active
Size
3,630 SF
Property subtype
Commercial
Additional Details
Multifamily Units
1
Building Details
Year Built
1900
Buildings
1
Construction
brick
Listing Agency:
First Weber Inc
Listed By:
Paula Brandt · License #8004094
(608) 235-7162
Source:
Madisonareahomesforsale
Added: Jul 18
Changed: Oct 1
Last Checked: Oct 23 at 7:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Weber Inc
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Investment Insights
Based on property information with market context.
Built in 1900, this 3,630-square-foot brick mixed-use building pairs a professional office layout with a residential component. The main floor includes a reception area, conference room, three private offices, breakroom, and bathroom equipped with a stackable washer and dryer. Upstairs, a fully rented apartment is occupied by a long-term tenant.
The property is located in downtown Baraboo near the downtown square, with shops, restaurants, Circus World, and community events including Fair on the Square, Wine Walks, and the Christmas Light Parade nearby. Its existing office and apartment configuration supports an owner-user or investment-oriented ownership strategy, while any short-term lodging use would remain subject to applicable zoning and licensing requirements.
The property is located in downtown Baraboo near the downtown square, with shops, restaurants, Circus World, and community events including Fair on the Square, Wine Walks, and the Christmas Light Parade nearby. Its existing office and apartment configuration supports an owner-user or investment-oriented ownership strategy, while any short-term lodging use would remain subject to applicable zoning and licensing requirements.
Key Highlights
- 3,630‑square‑foot brick mixed‑use building constructed in 1900
- Main level includes reception, conference room, 3 private offices, breakroom, and bathroom
- Upper‑level apartment is fully rented to a long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,571
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,420
$751.4K
Cap Rate 7%
$536,729
$536.7K
Cap Rate 9%
$417,456
$417.5K
Market Conditions
NOI Build-Up for 3,630 SF
Gross rent
$65.3K $18.00/SF
− Vacancy
−$5.2K −$1.44/SF
EGI
$60.1K $16.56/SF
− OpEx
−$22.5K −$6.21/SF
NOI
$37.6K $10.35/SF
Area
Sauk County, WI
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,420
Cap Rate 7%
$536,729
Cap Rate 9%
$417,456
Alternative Uses
Best Use
Mixed Use
$536.7K
$469.6K – $626.2K
NOI $37,571 @ 7.0% cap · market cap 7.02%
Second Best
Office B
$509.7K
$446.0K – $594.6K
NOI $35,676 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$734.8K
$643.0K – $857.3K
NOI $51,436 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
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Business Placement
Demographics for 53913, WI
21,046
Population
10,444
Households
2
Avg Household Size
41
Median Age
26%
College-Educated
94%
High-School Grad
138.9 sq mi
ZIP Area
152
Density / Sq Mi
$73,856
Median Household Income
$44,261
Median Earnings
$951
Median Rent
$214,500
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines configured office space with a fully leased apartment.
Where is this mixed-use property located?
The property is located at 409 Broadway Baraboo, WI.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 3,630‑square‑foot brick mixed‑use building constructed in 1900; Main level includes reception, conference room, 3 private offices, breakroom, and bathroom; Upper‑level apartment is fully rented to a long‑term tenant
