Historic Live-Work
N2349 WIBU Road Poynette, WI 53955
For Sale
$549,000
COMMERCIAL - Poynette, WI
Property Size2,707 SF
Lot Size2.76 Acres
Price / SF$202.81
Days on Market17
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 Agency:
Madcityhomes.Com
(608) 438-3150
Listed By:
Stuart Meland · License #5124290
(608) 438-3150
Added: Jul 12
Changed: Jul 27
Last Checked: Jul 28 at 2:06AM
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.
A historic building originally created in 1948, featuring a radio station on the lower floor and a residence on the second floor. The full basement includes large windows and was previously finished. The property is described as Frank Lloyd Wright-inspired in appearance and designed to resemble the front of a cruise ship. The building currently needs extensive cosmetic renovation.
Zoned Comm/Res, the site sits on top of a high hill with views of the Baraboo Bluffs. The offering includes approximately 2.76 acres, with the option to renovate the existing structure or remove the building and develop the site.
Because the improvements require substantial cosmetic work, the configuration may appeal to a range of residential and commercial uses consistent with the Comm/Res zoning.
Zoned Comm/Res, the site sits on top of a high hill with views of the Baraboo Bluffs. The offering includes approximately 2.76 acres, with the option to renovate the existing structure or remove the building and develop the site.
Because the improvements require substantial cosmetic work, the configuration may appeal to a range of residential and commercial uses consistent with the Comm/Res zoning.
Key Highlights
- Historic 1948 building originally built as a radio station on the lower floor and residence on the second floor
- Flat/membrane roof and a full basement with large windows (previously finished)
- Many residential and/or commercial possibilities; extensive cosmetic renovation needed
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
NOI $32,159 @ 7.0% cap · market cap 5.86%
Second Best
Office B
$459.2K
$401.8K – $535.7K
NOI $32,142 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$608.2K
$532.1K – $709.5K
NOI $42,571 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - 1948 structure with radio station lower level, residence on second floor, and a full basement needing extensive cosmetic renovation.
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: Historic 1948 building originally built as a radio station on the lower floor and residence on the second floor; Flat/membrane roof and a full basement with large windows (previously finished); Many residential and/or commercial possibilities; extensive cosmetic renovation needed
