Historic Office Building with Basement

N2349 WIBU Road Poynette, WI 53955

Claim this Listing
New
For Sale
$549,000

COMMERCIAL - Poynette, WI

Property size:
2,707 SF
Lot size:
2.76 Acres
Price / SF:
$202/SF
Added:
Jul 12, 2026
Days on Market:
1
Last Refresh:
Jul 12 at 9:06 am

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
Membrane, Flat

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 building was created in 1948 and has a full basement with large windows that was previously finished. The property’s configuration reflects a mixed-use history, with the lower floor originally used as a radio station and the second floor used as a residence. The building needs extensive cosmetic renovation and may also be suitable for redevelopment given the existing structure and improvements.

The property sits on a high hill. The listing describes views of the Baraboo Bluffs.

In addition to the existing building, the site offers flexibility for future plans, including the possibility of removing the building and developing a blank canvas on the 2.76-acre lot, subject to applicable requirements.

Key Highlights

  • Historic building built in 1948, originally created as a radio station on the lower floor and residence on the second floor
  • Flat roof with membrane roofing
  • Full basement with large windows; previously finished

Local Financial Insights For Office B

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 $54.2k $20.04
− Vacancy −$11.4k −$4.21
EGI $42.9k $15.83
− OpEx −$10.7k −$3.96
NOI $32.1k $11.87
2,707 SF · lease $20.04/SF/yr · vacancy 21.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$459.2K
$401.8K – $535.7K (±1% cap)
NOI $32,142 @ 7.0% cap · market cap 5.85%
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 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

Dental Office Building Supply Restaurant Auto Repair Shop Real Estate Agency Big Box & Wholesale Store Auto Parts Store Pharmacy Nail Salon Law Firm

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

FAQs

What type of property is this?
Office building - Historic office building with full basement and large windows, built in 1948 and requiring extensive cosmetic renovation.
Where is this office building 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 building built in 1948, originally created as a radio station on the lower floor and residence on the second floor; Flat roof with membrane roofing; Full basement with large windows; previously finished
Contact an agent
More about this property
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