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.

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.
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.