Located right on River Street with direct access to the Rhinelander Chain, this 4-acre parcel with 525'+ of frontage is a rare in-town opportunity. The north-facing shoreline includes a scenic, elevated rocky point on the western edge?perfect for future gazebo or firepit placement. Enjoy sand frontage at the pier, a quiet fishing cove, and endless recreation: boating, paddling, fishing, snowmobiling, and more. The 3BR/2BA home offers great bones, expansive views, and a walkout lower level with space to expand or update. While the house is dated, it?s well built and ripe with potential. Surrounded by higher-end homes, this property offers strong investment upside?whether you renovate, expand, or build new. All of this privacy and natural beauty is just minutes from shopping, schools, and medical services. Walk the land to truly appreciate its setting and potential?it?s a rare blend of space, water access, and opportunity on the Chain.