N4937 River Drive
Wallace, MI, 49893 $ 399,000
Bedrooms6 Baths3.1 Sq 3,347 Monthly Estimate*
$ 2,457
for $399,000 with 6 bedrooms and 3 full baths, 1 half bath. This 3,347 square foot home was built in 1999 on a lot size of 2.32.
Endless possibilities await with this expansive six-bedroom home set on over two acres along the beautiful Menominee River, offering approximately 300 feet of river frontage. Originally constructed for adult foster care use, this unique property was thoughtfully designed with space and functionality in mind, making it ideal for a large household, multi-generational living, care facility potential, Airbnb investment, or an incredible family vacation retreat. Offering over 3,300 square feet of main-level living plus a full basement, the home features six bedrooms, three full bathrooms, one half bathroom, and a dedicated office that could easily serve as a seventh bedroom if desired. Inside, you will find a spacious kitchen, expansive dining room, comfortable living room, cozy sitting room, and a sun room filled with natural light, creating multiple gathering spaces throughout the home. Step outside onto the back deck and enjoy the peaceful yard and riverfront setting. Additional highlights include a fenced-in backyard, four-stall garage, and ample room for storage, hobbies, or recreational use. A fire suppression system is already in place and would require re-certification. Rare opportunity to own a sizable riverfront property with exceptional flexibility, space, and income-producing potential.
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FeaturesInteriorInterior Amenities Fire Sprinkler Sump Pump Window Treatment(s)
Dining Room Level Main
Basement Block Full Outside Entrance Interior Access Unfinished
Bedroom 3 Level Main
Bedroom 1 Level Main
Bedroom 2 Level Main
Beds 6
Fireplace? Yes
Total Rooms 16
Bath Descriptions Not Applicable
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GeneralHeating Forced Air
Kitchen Level Main
Cooling Central A/C
Possession Negotiable (Possession)
Fireplaces LivRoom Fireplace
Garage Detached Garage
Zoning Residential Residential
Water Private Well
Appliances Dishwasher Dryer Microwave Range/Oven Refrigerator Washer
Status Active Active
Full Baths 3
Half Baths 1
Bathrooms 4
Year Built 1999
Parking Garage
Subdivision None MI
Water Heater Gas
Style Manufactured
County Menominee
Class RESIDENTIAL
Type Single Family
Ownership LLC
Municipality Mellen Twp
New Construction Y/N No
Electric Circuit Breakers
Sale/Rent For Sale
Status Detail 0
Utilities Electricity Connected Natural Gas Not Available Propane Tank Leased
Structure Style 1 Story
Area Mellen Twp (55014)
Primary City Wallace
Directions US 2/41 South to Wallace. Take Right on County Road G08. Follow G08 to a left on River Road. Continue on River Road to sharp right onto River Drive. Straight ahead to property.
City Wallace
School District Stephenson Area Public Schools
Financial Terms Cash Conventional
Legal Description 330-569 SEC 31 T34N R27W ML-31 4/7 PRT OF GOVT LOT 3 & 4 NW 1/4 OF SE 1/4. FRM SE COR
DOM 0
Postal Code 49893
Price Per Sq Ft Total AG 119.21
Public Remarks Endless possibilities await with this expansive six-bedroom home set on over two acres along the beautiful Menominee River
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ExteriorExterior Vinyl Siding Vinyl Trim
Exterior Amenities Wheelchair Access Deck Fenced Yard Porch
Frontage 321
Body of Water Menominee River
Lot Size Area 2.32
Pool (Y/N) No
Lot Dimensions 321x585x130x416x129
OUT BUILDINGS Shed
Water Features Lake/River Access River Frontage Waterfront
Roads Access City/County Country Year Round
Waterfront Y/N Yes
Frontage Type Water
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* Excluded FeaturesList ByMELISSA MIKUSListing Agent
Upwards Real EstateBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,457
- Monthly Property Taxes
- $484
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Wallace, MI
Average List Price $314,450
Percent of Sale Price 21%
About Wallace, MI 1,737 Population
-10% Since 2002
$ 55,410 Median Income
51.87 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
3704828 Elementary School
3704821 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/14/2026 | $399,000 | | Listed Price |