The OP does not say whether they've tried to adjust the hub's cup & cone bearings which I recommend as action 1.
The hub is:
Formula DC-31, alloy, 6-bolt, 6/7/8-speed
freewheel, 135x5 mm QR (Rear)
Cup & cone, and I assume for 36 spokes. The Trek is 7sp so freehub an option.
Rims are 20mm internal width and, if used for a " long commute" I'd be interested to learn
what tyres are fitted. With a 80+kg load the wider the better: >51mm (51-622)
So a replacement wheel spec can be informed by the above, in particular 135mm OLD, QR and either freewheel or 7sp freehub. Can be either 6-bolt or centre lock (for rotor) but makes sense to stick to 6-bolt so current rotor can be transferred.
People suggesting
DT Swiss or Hope hubs might recognise that the wheel might cost more than the
bike's value (current).
I note the bike itself is rated thus:
- Max Capacity: 136kg / 300lbs (including rider)
This load is roughly what a tandem rear wheel is designed for, so I'd be looking at that, and a 40 spoke count.
View attachment 738032
https://www.formulahubs.com/product.php?t=3