Historic Mixed-Use
For Sale
$479,900
N2349 Wibu, Arlington, WI 53955
Two-level configuration combines former radio-station space, a residence, and a full basement.
Property Size2,707 SF
Price / SF$177.28
Days on Market91
Property Features for N2349 Wibu
General Information
Standard status
Active
Size
2,707 SF
Property subtype
Commercial
Building Details
Year Built
1948
Listing Agency:
Madcityhomes.Com
Listed By:
Stuart Meland · License #5124290
(608) 438-3150
Source:
Madisonareahomelistings
Added: Jul 18
Changed: Oct 1
Last Checked: Oct 16 at 9:37AM
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 Madcityhomes.Com
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1948, the property contains a two-story structure with a former radio station on the lower level and a residence above. The full basement has large windows and was previously finished. The building requires extensive cosmetic renovation, while its unusual exterior was designed to resemble the bow of a cruise ship.
The structure sits on a high hill at N2349 Wibu in Arlington, Wisconsin, with views of the Baraboo Bluffs. The property encompasses 2.76 acres, offering an existing building along with the option to remove the improvements and pursue a new site plan. Its mixed-use history and residential component provide a basis for evaluating multiple redevelopment or renovation approaches.
The structure sits on a high hill at N2349 Wibu in Arlington, Wisconsin, with views of the Baraboo Bluffs. The property encompasses 2.76 acres, offering an existing building along with the option to remove the improvements and pursue a new site plan. Its mixed-use history and residential component provide a basis for evaluating multiple redevelopment or renovation approaches.
Key Highlights
- 2.76‑acre property in Arlington, WI
- Building constructed in 1948
- Lower level formerly operated as a radio station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,159
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,180
$643.2K
Cap Rate 7%
$459,414
$459.4K
Cap Rate 9%
$357,322
$357.3K
Market Conditions
NOI Build-Up for 2,707 SF
Gross rent
$58.5K $21.60/SF
− Vacancy
−$7.0K −$2.59/SF
EGI
$51.5K $19.01/SF
− OpEx
−$19.3K −$7.13/SF
NOI
$32.2K $11.88/SF
Area
Columbia County, WI
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,180
Cap Rate 7%
$459,414
Cap Rate 9%
$357,322
Alternative Uses
Best Use
Mixed Use
$459.4K
$402.0K – $536.0K
NOI $32,159 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$608.2K
$532.1K – $709.5K
NOI $42,571 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 53955, WI
5,951
Population
2,805
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
96%
High-School Grad
73.1 sq mi
ZIP Area
81
Density / Sq Mi
$95,802
Median Household Income
$52,849
Median Earnings
$791
Median Rent
$285,100
Median Home Value
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level configuration combines former radio-station space, a residence, and a full basement.
Where is this mixed-use property located?
The property is located at N2349 Wibu Arlington, WI.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: 2.76‑acre property in Arlington, WI; Building constructed in 1948; Lower level formerly operated as a radio station
