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Historic Mixed-Use Building

N2349 WIBU Road Poynette, WI 53955

New

N2349 WIBU Road, Poynette, WI, 53955

$549,000

For Sale

$549,000

COMMERCIAL - Poynette, WI

Property Size2,707 SF

Lot Size2.76 Acres

Price / SF$202.81

AddedJul 12

Days on Market4

Last RefreshJul 15 at 5:06 pm

Property Features for N2349 WIBU Road

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: Comm/Res
Interior features: Residential unit(s)
Standard status: Active
APN: 11002 179.02
Size: 2,707 SF
Lot size: 2.76 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 1805

Building Details

Year built: 1948
Number of units: 1
Roof type: Flat, Membrane

Listing agent Stuart Meland License #51242-90

Listing office Madcityhomes.Com 629 Hilltop Dr, Madison, WI

Listing date Jul 12, 2026

MLS# 2016278

Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This historic mixed-use building was created in 1948, with a radio station on the lower floor and a residence on the second floor. The full basement is described as having large windows and was previously finished. The property is currently in need of extensive cosmetic renovation, and there is also an option to remove the existing building and develop a blank 2.76-acre site.

Located at N2349 WI BU Road in Poynette, Wisconsin, the building sits on top of a high hill with views of the Baraboo Bluffs. The property is listed under Comm/Res zoning.

With its two-story configuration and full basement, the building may support a range of residential and/or commercial possibilities, subject to applicable approvals.

Key Highlights

Year built: 1948—historic building originally created as a radio station (lower floor) and residence (second floor)
Roof includes flat and membrane roofing
Full basement with large windows; previously finished

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$58.5k	$21.60
− Vacancy	−$7.0k	−$2.59
EGI	$51.5k	$19.01
− OpEx	−$19.3k	−$7.13
NOI	$32.2k	$11.88

2,707 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$459.4K

$402.0K – $536.0K (±1% cap)

NOI $32,159 @ 7.0% cap · market cap 5.86%

Second Best

Office B

$459.2K

$401.8K – $535.7K (±1% cap)

NOI $32,142 @ 7.0% cap · market cap 5.85%

Theoretical Best

Office A

$608.2K

$532.1K – $709.5K (±1% cap)

NOI $42,571 @ 7.0% cap · market cap 7.75%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Wnno Radio Station WDLS Radio Station

Suggested Use

For sale
Live-work space
WI
Poynette
53955
N2349 WIBU Road

What type of property is this?

Live-work space - 1948 building features radio-station and residence layouts, and requires extensive cosmetic renovation or redevelopment.

Where is this live-work space located?

The property is located at N2349 WIBU Road Poynette, WI.

What is the asking price?

The asking price for this property is $549,000.

What are key features of this property?

This property features: Year built: 1948—historic building originally created as a radio station (lower floor) and residence (second floor); Roof includes flat and membrane roofing; Full basement with large windows; previously finished