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Listing provided courtesy of LAKELAND REALTY- MLS# 215441MLS Provider

4920 HWY 47Rhinelander, WI 54501

Commercial · 2 Half Baths · 3,575 Sq. ft.
$419,000 Active

4920 HWY 47 Overview

Time on Site:
175 days
Visits:
278

For sale or rent! Backwaters Bar & Grill is a well-established destination on the Boom Lake chain with 275 ft of prime water frontage, direct access to the Wisconsin River, and the snowmobile trail system. Known as a four-season favorite for locals, boaters, and snowmobilers, it offers seating for 75 inside and 45 outside, plus indoor and outdoor bars that capture the stunning Northwoods setting. Multiple piers provide convenient boat parking, and three parcels totaling 1.47 acres give plenty of room for future opportunities. The building was fully remodeled in 2014. Sale includes extensive equipment and supplies, with the potential for training and staff carryover. This turnkey property offers a rare chance to own a piece of Rhinelander’s hospitality scene, perfectly positioned to welcome both year-round residents and seasonal visitors to one of the area’s most beautiful waterfront locations.

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4920 HWY 47 Facts & Features

  • Type Commercial
  • Sq. ft. 3,575
  • Price/Sq.ft. $117

Details

General

Business Information

  • Business Name: Backwaters Bar and Grill
  • Business Type: Bar/Tavern/Lounge, Restaurant

Location/Region

  • County Or Parish: Oneida
  • Postal City: Rhinelander
  • Township: ON Newbold (Town)

Community/Development

  • Community Features: Recreation Area

Tax Information

  • Tax Annual Amount: $2,430.00
  • Tax Year: 2024

General Information

  • Inclusions: Real Estate and Business, Fixtures, Equipment, Furniture, Supplies
  • Parcel Number: NE-94-6, NE 94-5, NE 94-O
  • Property Sub Type: Business
  • Property Type: Commercial Sale

Interior

Beds/Baths

  • Bathrooms Half: 2
  • Bathrooms Total: 2

Building Interior

  • Building Area Total: 3575.0

General Information

  • Accessibility Features: Wheelchair Access
  • Building Features: Recreation Room, Handicap Access, Sign(s)
  • Interior Features: Storage
  • Security Features: Security System, Fire Alarm
  • Stories Total: 1

Exterior

Parking Information

  • Parking Features: Unpaved

Lot Information

  • Frontage Length: 275
  • Frontage Type: Lakefront, River
  • Lot Features: Lake Front, Views
  • Lot Size Square Feet: 64033.0
  • Water Source: Drilled Well

Waterfront/View

  • Water Body Name: RHINELANDER FLOWAGE, Wisconsin River
  • Waterfront Features: Shoreline - Fisherman/Weeds, Lake Front, River Front
  • Waterfront: Yes

Building Exterior/Construction

  • Construction Materials: Cedar, Frame, Wood Siding

General Information

  • Exterior Features: Handicap Accessible, Landscaping
  • Road Frontage Type: Highway
  • Sewer: Conventional Sewer

4920 HWY 47 Neighborhood

Community

54501 (Rhinelander) Demographics

47
Median Age
52
Population Density (per sq. mile)
37%
College Educated
$58,201
Estimated Median Income
7,053
Estimated Total Home Owners
1,663
Estimated Total Renters
81% / 19%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4920 HWY 47 Market Data

Based on the last 30 days in this zip code

$376,477
Average List Price
$202
Average Price per Square Foot
30
Properties Sold
48
Average Days on Market
115
Properties for Sale
Calculations provided by Reliance Network

4920 HWY 47 History

Date Event Value Agent
5/27/2026Source: Greater Northwoods MLS Price Reduction
$419,000 -2.3%
5/13/2026Source: Greater Northwoods MLS Price Reduction
$429,000 -2.3%
4/30/2026Source: Greater Northwoods MLS Price Reduction
$439,000 -2.2%
4/15/2026Source: Greater Northwoods MLS Price Reduction
$449,000 -5.5%
4/1/2026Source: Greater Northwoods MLS Price Reduction
$475,000 -4.0%
1/5/2026Source: Greater Northwoods MLS Added to Database
January 05, 2026
7/28/2025Source: Greater Northwoods MLS Added to Database
March 23, 2022
7/28/2025Source: Greater Northwoods MLS Status Change
Closed
7/28/2025Source: Greater Northwoods MLS Added to Database
March 23, 2022