Wallace IN Real Estate & Commercial for Sale

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Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
202611233
Type:
Other
Lot size:
0.67 Acres
Year built:
1930
Courtesy:
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ADDITIONAL INFORMATION

World Famous Wallace Cafe & Oprey House! Known for their evening music, farmer's breakfast, great lunches and pie! The potential is unlimited. Just walk right in and take over from this well oiled machine of a business operation. Put your new owner's twist on something great, or completely change whatever you want. It is unbelievable what you get for your money. A business with regular customers. Thousands of dollars worth of equipment. a 7,400 sf building. Move in ready 1400 sf-3 bedroom apartment. 50x130 pole barn. and a home that could be rent ready with a pinch of money and a dash of sweat equity. Not a bad deal at twice the price.

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Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176


Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS. All rights reserved.



Wallace Real Estate

Wallace is located in Indiana. Wallace, Indiana has a population of 153. Wallace is more family-centric than the surrounding county with 30.56% of the households containing married families with children. The county average for households married with children is 28.51%.

The median household income in Wallace, Indiana is $59,844. The median household income for the surrounding county is $54,475 compared to the national median of $69,021. The median age of people living in Wallace is 24 years.

Wallace Weather

The average high temperature in July is 83.5 degrees, with an average low temperature in January of 16.8 degrees. The average rainfall is approximately 40.9 inches per year, with 20.8 inches of snow per year.

Wallace Map

Wallace Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    1
    30-day change

Wallace Schools and Demographics

Education near Wallace, IN

City County
High School Graduates 93.75 87.85
College Degree - 2 year 12.5 9.74
College Degree - 4 year 10.94 13.03
Graduate Degree 7.81 3.82
Expenditures per Student 12,922 12,922
Students per Teacher 14.6 14.6

Elementary Schools near Wallace, IN

Grades Students P/T Ratio ZIP
New Market Elementary School KG - 06 487 19.3 47965
Southeast Fountain Elementary School KG - 06 561 14.9 47987
Turkey Run Elementary School PK - 06 275 12.4 47859

Middle Schools near Wallace, IN

Grades Students P/T Ratio ZIP
Waveland Elementary School KG - 06 131 11.3 47989

High Schools near Wallace, IN

Grades Students P/T Ratio ZIP
Fountain Central High School 07 - 12 560 14.7 47987
Turkey Run Junior/Senior High School 07 - 12 241 10 47859

Demographics near Wallace, IN

City County
Neighborhood Type
Population 153 16,422
Population Density 1,800 42
Median Age 24 42.8
People per Household 3.3 2.4
Median Household Income 59,844 54,475
Average Income per Capita 24,161 27,609

Real estate near Wallace