Services will be at 11 a.m. Oct. 17 at the Collbran Congregational Church in Collbran.
He was a bridge/building crew member with the railroad.
Mr. Wallace is survived by two daughters, Becky Snyder of Fruita and Cindy Maestas of Carbondale; four grandchildren; and three great-grandchildren.
Memorial contributions to Bee Hive Assisted Living Home, 2395 H Road, Grand Junction 81505; or to HopeWest, 3090B N. 12th St., Grand Junction, 81506.