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4920 HWY 47

Backwaters Bar and Grill

Listing Contacts

Active

Asking Price: $549,000
Address 

4920 Hwy 47, Rhinelander, WI 54501

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Date Added
Oct 10, 2024
Days on Market
159 days
Time Since Last Update
158 days

Details

Property TypeBusiness for Sale, Hospitality, Retail
SubtypeBar, Restaurant
Lease Expiration04/06/2025
Square Footage3,575
Price/Sq Ft$153.57
Buildings1
Stories1
ZoningBuyer to verify
Lot Size (acres)1.47
Parking (spaces)50
Broker Co-OpYes

Marketing Description

PT SE SE .53CA/.51SA EXC Row (V231-P215) (Backwaters Rest & Lounge) See SM B5227 SM B4911 

Turnkey with dedicated staff in place! Backwaters Bar & Grill is a well-established destination on the northern end of the Boom Lake chain, offering prime access to the Wisconsin River and nearby trails.​ This dining favorite is a year-round staple in Rhinelander for locals, boaters and snowmobilers, thanks to its direct access to the snowmobile trail system.​ Multiple piers are in place for boat parking on the 275 feet of water frontage.​ With seating for 75 guests inside and 45 guests outside, and indoor and outdoor bars, Backwaters offers endless ways for guests to enjoy the stunning surroundings.​ The sale includes three parcels totaling 1.47 acres, ensuring plenty of space for future opportunities.​ The building was remodeled in 2014, and has the addition of an accessory building/shed for use as an office or for storage.​ Extensive equipment list and supplies will be included in the sale, along with training and staff carryover.​

Investment Highlights

  • ​Lot Size (sqft): 64,033
  • ​Zoning Type: Buyer to verify, Buyer to Verify

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Due Diligence

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Contact

Listing Contacts


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Broker Information
Broker Name
Ryan Hanson
Broker License
WI 1104
Brokerage Name
Lakeland Realty
Broker Title
Realtor
Brokerage Address
Rhinelander, United States 54501
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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