Wallace is a small town in rural Lincoln County Nebraska, with a 2005 population of 321.
Wallace is a small farming community located in extreme southwestern Lincoln County, along the Burlington Northern Railroad line. The town celebrated it's centennial in 1987.
A recent announcement by a major Ethanol company proclaimed that a 100 million per year ethanol plant will be built in the area soon.
Wallace is located near the crossroads of Nebraska highways 23 and 25, each of which is a two-lane blacktop road. Highway 25 continues south into Kansas, eventually meeting up with Interstate 70.
The only way to get around Wallace is by car.
Just 25 miles south of Wallace on Highway 25, the Grand Duke Alexis Rendezvous is held each July. The rendezvous is set up near the original site of the 1872 buffalo hunt when the U.S. Army commissioned the young scout Buffalo Bill to entertain the Grand Duke Alexis of Russia.