4920 Highway 47, Rhinelander, WI 54501
- Retail properties & Spaces
- 3,575 SF
- 1.47 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 4920 Highway 47
- Lot size
- 1.47 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional turnkey business opportunity presents the Backwaters Bar & Grill, a well-established restaurant and bar located at 4920 Hwy 47 in Rhinelander, Wisconsin. Priced at $549,000, this property boasts 3,575 square feet on a 1.47-acre lot with 275 feet of water frontage. The single-story building, remodeled in 2014, includes an additional shed for storage or office space. The property features ample parking with 50 spaces and offers seating for 120 guests, split between indoor and outdoor areas, along with both indoor and outdoor bars. The sale includes all equipment, supplies, and the existing staff is available for training and carryover. This prime location on the northern end of the Boom Lake chain provides easy access to the Wisconsin River and nearby trails, attracting a year-round clientele of locals, boaters, and snowmobilers. Direct access to the snowmobile trail system and multiple boat piers enhance its appeal. The lease expires April 6, 2025. The zoning is to be verified by the buyer. This is a rare opportunity to acquire a thriving business with significant potential for growth. The property includes three parcels totaling 64,033 square feet.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rhinelander
- County
- Oneida
- State
- Wisconsin
- Longitude
- -89.5123
- Latitude
- 45.7039
