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    4920 State Hwy Rhinelander, WI 54501

    For Sale
    $549,000

    Established Rhinelander Restaurant with Water Frontage

    Property size:
    3,575 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    Backwaters Bar & Grill, located at 4920 State Highway 47 in Rhinelander, WI, presents a unique turnkey commercial real estate opportunity. This well-established restaurant boasts 3,575 square feet of space on a 1.47-acre lot with 275 feet of desirable water frontage on the Boom Lake chain, offering prime access to the Wisconsin River and nearby trails. The property includes three parcels and features both indoor and outdoor seating for a total of 120 guests, along with indoor and outdoor bars. A significant advantage is its direct access to the snowmobile trail system, making it a year-round destination for locals, boaters, and snowmobilers alike. The building underwent a remodel in 2014 and includes an accessory building/shed suitable for office space or storage. The sale includes all existing equipment, supplies, and the opportunity for staff carryover and training. High highway traffic counts of 4300 vehicles per day on State Highway 47 further enhance the property's visibility and potential. This established business offers a compelling investment opportunity with significant potential for growth. All data should be independently verified.

    Property Features for 4920 State Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,575 SF
    Lot Size
    64,033 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rhinelander
    County
    ONEIDA
    State
    Wisconsin
    Longitude
    -89.51229
    Latitude
    45.70388

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    FAQs

    What type of property is this?
    Commercial real estate - Established Rhinelander Restaurant with Water Frontage
    Where is this commercial real estate located?
    The property is located at 4920 State Hwy Rhinelander, WI.
    What is the asking price?
    The asking price for this property is $549,000.
    (715) 360-9622
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4920 State Hwy Rhinelander, WI 54501
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