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Waterfront Restaurant with Outdoor Bar

4920 Hwy 47, Rhinelander, WI 54501

For Sale
$379,000

Dining areas accommodate guests indoors and outdoors, with separate bar service in both settings.

Property Size3,575 SF
Lot Size1.47 Acres
Price / SF$106.01
Days on Market310

Property Features for 4920 Hwy 47

General Information

Standard status Active
Size 3,575 SF
Lot size 1.47 Acres
Property subtype Commercial

Additional Details

Equipment Included Yes

Taxes and HOA fees

Annual Taxes $2,430

Amenities

Storage
Handicap Accessible
Landscaping

Building Details

Building Size 3,575 SF
Year Renovated 2014
Stories 1
Listing Agency: Lakeland Realty
Listed By: Cecily Dawson · License #94-81034
Source: Birchlandrealty
Added: Jan 1 Changed: Nov 6 Last Checked: Nov 6 at 3:49PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lakeland Realty

Rey
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Investment Insights

Based on property information with market context.

This restaurant property includes a 3,575-square-foot building on three parcels totaling 1.47 acres. The dining setup seats 75 indoors and 45 outdoors, with a bar in each setting. Multiple piers provide boat parking. The building was remodeled in 2014, and a new well was installed in 2025; equipment and supplies are included.

The property has 275 feet of water frontage on the Boom Lake chain, direct access to the Wisconsin River, and a connection to the snowmobile trail system. It is located at 4920 Hwy 47 in Rhinelander, Wisconsin.

Key Highlights

  • 3,575‑square‑foot restaurant building on three parcels totaling 1.47 acres
  • 275 ft of water frontage on the Boom Lake chain
  • Direct access to the Wisconsin River and the snowmobile trail system

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Big Box & Wholesale Store Gym & Fitness Center Hotel & Motel Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5
Businesses Nearby
Well-served
Demand for This Use

Demographics for 54501, WI

20,591
Population
12,754
Households
1.6
Avg Household Size
48
Median Age
26%
College-Educated
96%
High-School Grad
366.3 sq mi
ZIP Area
56
Density / Sq Mi
$68,602
Median Household Income
$37,578
Median Earnings
$831
Median Rent
$194,900
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Dining areas accommodate guests indoors and outdoors, with separate bar service in both settings.
Where is this conventional restaurant located?
The property is located at 4920 Hwy 47 Rhinelander, WI.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 3,575‑square‑foot restaurant building on three parcels totaling 1.47 acres; 275 ft of water frontage on the Boom Lake chain; Direct access to the Wisconsin River and the snowmobile trail system
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