Perfect location to build your dream lake home. 80 ft of lake frontage at an affordable price. Wallace Lake is sewered and located minutes from West Bend. Wallace Lake is a 54 acre lake, It is home to a wide variety of fish - including pan fish, Walleye, Northern, Bass etc.. It has a maximum depth of 35 feet. Enjoy a sandy bottom as you take a dip in the lake or relax on your pier and watch the evening sunset. You're living the dream!