Business opportunity or a primary residence, this updated commercial building has most recently been used as rental house. With living room or showroom, two bedrooms (or offices), full bathroom with a shower and an updated kitchen, the property has several use opportunities. The seller is a WI real estate broker and has replaced the following items in the last few years: roof, windows, doors, flooring (except one room), most lights, full bathroom, washer, dryer, kitchen and appliances, electrical, furnace, water heater, pressure tank, water softener, drywall, interior painting, most trim work, and exterior siding paint. The property has a two stall garage and is located at the corner of Hwy 17 and Shepard Lake Rd. Buyer to verify zoning uses.
Sold for $122,500 on 08/23/24
$122,500
4748 Shepard Lake Rd, Rhinelander, WI 54501
2beds
1,097sqft
Single Family Residence
Built in 1960
1.88 Acres Lot
$131,100 Zestimate®
$112/sqft
$1,289 Estimated rent
Home value
$131,100
Estimated sales range
Not available
$1,289/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 09, 2025 at 04:23pm
Listed by:
CECILY DAWSON 920-366-0088,
LAKELAND REALTY
Bought with:
NON NON MEMBER
NON-MEMBER
Source: GNMLS,MLS#: 207959
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: First
- Dimensions: 13'3x11'2
Bedroom
- Level: First
- Dimensions: 13'3x13
Bathroom
- Level: First
Kitchen
- Level: First
- Dimensions: 10'5x9'2
Living room
- Level: First
- Dimensions: 26'2x13'3
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Range, Refrigerator, Washer
Features
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,097
- Total interior livable area: 1,097 sqft
- Finished area above ground: 1,097
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Garage, Two Car Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Frontage length: 0,0
Lot
- Size: 1.88 Acres
Details
- Parcel number: 0280105930001
Construction
Type & style
- Home type: SingleFamily
- Architectural style: One Story
- Property subtype: Single Family Residence
Materials
- Frame, Wood Siding
- Foundation: Block
- Roof: Composition,Shingle
Condition
- Year built: 1960
Utilities & green energy
- Sewer: Holding Tank
- Water: Drilled Well
Community & neighborhood
Community
- Community features: Shopping
Location
- Region: Rhinelander
Other
Other facts
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/23/2024 | Sold | $122,500-11.9%$112/sqft |
Source:  GNMLS #207959 Report a problem | ||
| 8/1/2024 | Contingent | $139,000$127/sqft |
Source: GNMLS #207959 Report a problem | ||
| 7/17/2024 | Listed for sale | $139,000+113.8%$127/sqft |
Source: GNMLS #207959 Report a problem | ||
| 3/1/2021 | Sold | $65,000-18.7%$59/sqft |
Source: GNMLS #187369 Report a problem | ||
| 1/20/2021 | Pending sale | $79,995$73/sqft |
Source: RE/MAX Property Pros #187369 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 54501
Nearby schools
GreatSchools rating
- 5/10Central Elementary SchoolGrades: PK-5Distance: 2.2 mi
- 5/10James Williams Middle SchoolGrades: 6-8Distance: 1.5 mi
- 6/10Rhinelander High SchoolGrades: 9-12Distance: 1.6 mi
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