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N2417 River, Wallace, MI 49893

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For Sale

$379,900

3 beds • 2 baths • 1,500 sqft

Estimated Payment

$ 1,973 /mo. †

6.76% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $253.27
    Price per square foot

  • 41-50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Gorgeous 3 bedroom, 2 bath ranch home on nearly half an acre, with 100 ft of frontage on the Menominee River! Offering 2,400 square feet of exquisite living space, amenities in this incredible country home include a cool spiral staircase leading to the walkout lower level, hardwood floors, large primary bedroom with fireplace, shower with skylight, unique stone wall feature in the living room, and a greenhouse to indulge your green thumb.
MLS# 50163534

Courtesy Of Stephens Real Estate
1320 Carpenter Ave., Iron Mountain, MI 49801
(906) 774-8570

Property Features

  • Age
    41-50 Years Old
  • Amenities
    Deck, Ceiling Fan, Green House, Water Front
  • Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Architecture Style
    Ranch
  • Cooling System
    Ceiling Fan(s), Central A/C
  • Exterior Type
    Vinyl Siding
  • Fireplace
    Fireplace
  • Heating System
    Fireplace, Forced Air
  • Lot Size
    0.44 Acres
  • Rooms
    Basement, Dining Room, Family Room, Kitchen, Living Room

Map and Directions

Directions to N2417 River, Wallace, MI 49893

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $1,973
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,973

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Central Elementary School

Grades KG-2 Public School

Menominee, MI 49858 8.1 miles
1800 18th ave

291 total students
17:1 Student teacher ratio

School Details

Blesch Intermediate School

Grades 3-6 Public School

Menominee, MI 49858 8.7 miles
1200 11th ave

354 total students
16:1 Student teacher ratio

School Rating: C+

School Details

Menominee Junior High School

Grades 7-8 Public School

Menominee, MI 49858 8 miles
2101 18th st

216 total students
19:1 Student teacher ratio

School Rating: C-

School Details

Menominee Senior High School

Grades 9-12 Public School

Menominee, MI 49858 8 miles
2101 18th st

380 total students
16:1 Student teacher ratio

School Rating: C+

School Details

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Wallace, MI 49893

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Wallace, MI 49893

This community’s employment is highest in the production occupations and administrative support industries. The area’s overall household expenses are above the national average.

82° July
Hottest Average Month
8° January
Coldest Average Month
749 Total Households in Area
-0.5% Increase in population since the year 2010
16.7%
of households
have children
23 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Wallace, MI 49893

Wallace, MI 49893 has a population of 1,644 people in 749 households with a median age of 54.7 years old.

-0.5%
Decrease in population
since the year 2010
Population is Trending down
766
Total households as of 2010
-0.2%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 54.7 years old. The smallest percentage group is 65-74 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 95%
Hispanic <1%
Native American <1%
Asian <1%
Other <1%
Black <1%
The most prevalent ethnicity is White at 95%, followed by Hispanic at <1%, Native American at <1%, and Asian at <1%.

Economics
for Wallace, MI 49893

23 /sq mi
Population Density
$67,011 /yr
Median Household Income
$0
Median Sales Price
23 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 24.08% of the households.

Transportation to Work

  • Drive 90%
  • Work from Home 8%
  • Walk or Bike 2%
  • Public Transit 0%

Occupancy by Type

Owned 720 81%
Vacant 136 15%
Rented 28 3%

White vs Blue Collar Jobs







White Collar 59%
Blue Collar 41%

Family & Education Facts
for Wallace, MI 49893

54.7 Median Age

Average Household Size

2.2
persons per
household

58.9%

Married Households

Community Population By Education

High School Graduate 36%
Some College 19%
Bachelors Degree 18%
Associates Degree 15%
Some High School 6%
Graduate Degree 6%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 36.37% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
16.7% of households have children

Weather
for Wallace, MI 49893

The weather for this area ranges from a high of 82° F in July to a low of 8° F in January

82° July
Hottest Average Month
8° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
8°
26°
Feb
10°
29°
Mar
19°
39°
Apr
32°
53°
May
42°
67°
Jun
52°
77°
Jul
57°
82°
Aug
56°
79°
Sep
48°
71°
Oct
38°
59°
Nov
27°
43°
Dec
15°
31°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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