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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. All data to be verified by consumer. Shed is not included

Highlights

  • Commercial Sale
  • Business
  • Built in 1960
  • 1.47 Acre Lot
  • Waterfront
  • 315 days on Market

  • Year Built
    1960
  • Construction Materials
    Wood Siding
  • Parking Features
    Private, Unpaved
  • Living Area
    3575.0
  • Security Features
    Security System
  • Heating
    Forced Air, Natural Gas

  • Acres
    1.47
  • Lot Features
    Waterfront
  • Water Front
    Yes
  • Water
    Private, Well

  • Area
    Other
  • County
    Oneida
  • City
    Rhinelander
  • Zip Code
    54501

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Frequently Asked Questions

How do I schedule a tour of 4920 State Highway 47?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 4920 State Highway 47.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 4920 State Highway 47?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $379,000. We can talk through recent upgrades, potential seller motivation, how this business compares to others in Rhinelander, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 4920 State Highway 47?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 4920 State Highway 47 at around $2,359. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 4920 State Highway 47?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Oneida County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 4920 State Highway 47?

In most cases, yes. Whether 4920 State Highway 47 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Rhinelander's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 4920 State Highway 47?

We can handle that for you. Our preferred local agent specializes in commercial sales in Rhinelander and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $379,000 with 3,575 sqft of space—that comes out to approximately $106 per square foot.

How long has this property been on the market?

4920 State Highway 47 was listed on December 31, 2025, which means it's been on the market for 315 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1960, making it approximately 66 years old.

What is the lot size of this property?

4920 State Highway 47 sits on a 1.47-acre lot, which is 64,033 square feet.

What are the property taxes for 4920 State Highway 47?

The most recent public record shows annual property taxes for 4920 State Highway 47 were approximately $2,430. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 4920 State Highway 47 still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Central Wisconsin Multiple Listing Service, Inc. The information published and disseminated by the Service is communicated verbatim, without change by the Service, as filed with the Service by the Participant. The Service does not verify such information provided and disclaims any responsibility for its accuracy. Copyright © 2026 Central Wisconsin Multiple Listing Service, Inc. All Rights Reserved.