Building Details

Year built 1948

Number of units 1

Roof type Membrane, Flat

Listing Agency: Madcityhomes.Com

Listed By: Stuart Meland · License #5124290 Show Phone

Added: Aug 31 Changed: Oct 16 Last Checked: Oct 17 at 9:06PM

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MLS# 2030192

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.

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Investment Insights

Based on property information with market context.

This 2,707-square-foot mixed-use property was built in 1948 and includes a lower level formerly used as a radio station with a residence above. A full basement with large windows was previously finished. The building has flat and membrane roofing and requires extensive cosmetic renovation.

The property encompasses 2.76 acres on a high hill with views toward the Baraboo Bluffs. Comm/Res zoning supports the existing combination of residential and commercial characteristics. The structure may be renovated, or the site can be considered as a cleared development canvas if the building is removed.

Key Highlights

• 2.76‑acre mixed‑use property with a 2,707‑square‑foot building
• Built in 1948 with former radio station and second‑floor residence
• Full basement features large windows and was previously finished

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

Is this asking price fair?

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 (±1% cap)

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 (±1% cap)

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

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Current Use

Wnno Radio Station WDLS Radio Station

Location Intelligence

Trade Area within ½ mile

4

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 - 1948 building with former broadcast space, residential accommodations, and commercial/residential zoning on an elevated site.

Where is this mixed-use property located?

The property is located at N2349 WIBU Road Poynette, 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 mixed‑use property with a 2,707‑square‑foot building; Built in 1948 with former radio station and second‑floor residence; Full basement features large windows and was previously finished