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.,All data to be verified by consumer. 2023 high highway traffic count of 4300 per day.
This retail building has two units, one with 5000 square feet that is currently leased by Auto Value. The other side unit consists of 3500 square feet and was leased by a health equipment provider and is currently available for a tenant. There are over 14000 vehicles passing this site every day on average. Lots of recent updates including newer front entrance door, newer display windows, suspended ceiling with LED lighting, central air in Auto Value side, newer manager office space in the retail side, and all newer LED lighting throughout the Auto Value side. Potential rents of over $5,000.00 monthly.Tenants are triple net lease. Priced below estimated fair market value! Your chance to invest now and receive a monthly passive income a few years down the road. The seller is also selling the Antigo Store, so buy both for a real deal.
Property Features ? Upgraded interior spaces for each tenant ? Government leases 1-2 years ? Corporate leases 1-2 years ? Long lease history of renewals Details This renovated property in the main downtown area cash flows well and provides a 8.77% CAP at this attractive price. Owners divesting. Inquire for NDA to access confidential details.,Directions: Main street of Rhinelander
Great Exposure, High Traffic Count, Blank Slate ready for an entrepreneur to bring their dreams to life! Here is a 3,095 sqft commercial building with an additional 2 car detached garage on a 0.66-acre corner lot in the City of Rhinelander on N. Stevens St. which is a very busy corridor. The main building has a brand-new roof and offers great space for a multitude of uses. The front part of the building is wood frame constructed and has walls of windows to share your business with the everyone passing by, and the back part of the building is block constructed with an overhead door for parking or loading. There is currently no heat source and the water has been turned off. The building has connection to city sewer and water.
The median home value in Rhinelander, WI is $257,500. This is higher than the county median home value of $235,200. The national median home value is $338,100. The average price of homes sold in Rhinelander, WI is $257,500. Approximately 50.02% of Rhinelander homes are owned, compared to 25.19% rented, while 24.79% are vacant. Rhinelander real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Rhinelander real estate agent to arrange a tour today!
Rhinelander, Wisconsin has a population of 8,177. Rhinelander is more family-centric than the surrounding county with 29.84% of the households containing married families with children. The county average for households married with children is 20.94%.
The median household income in Rhinelander, Wisconsin is $42,381. The median household income for the surrounding county is $62,660 compared to the national median of $69,021. The median age of people living in Rhinelander is 37.9 years.
The average high temperature in July is 78.4 degrees, with an average low temperature in January of 2 degrees. The average rainfall is approximately 30 inches per year, with 56 inches of snow per year.