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Property profile & analytics
OFF-MARKET
Commercial real estate

4920 State Hwy Rhinelander, WI 54501

3,575 SF 1.47 ac lot Built 1960
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Year built 1960
Total area 3,575 SF
Lot 1.47 ac (64,033 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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