000 Kiowa Rd , Mcpherson, KS 67460(McPherson County)

PROPERTY DESCRIPTION: 65.8 acres of tillable farm ground along Interstate 135 just east of McPherson, Kansas with oil income and blacktop frontage. This productive farm ground offers an excellent opportunity to invest in diverse land that has multiple sources of income. 100% of the property consists of Class II Crete silt loam soils with 0% to 3% slope. The city of McPherson has a water main along Centennial Drive, less than 1/3 of a mile west of the property. In addition to being a quality agriculture production and oil income tract of land, the subject property is also within the path of development for the city of McPherson and has excellent visibility along both Avenue A and Interstate 135. Take a serious look at this opportunity to Invest In Land!

OIL INCOME: Sellers currently receive a 1/8 royalty interest that will transfer to the Buyer at closing. Recent years total oil production in barrels is as follows:

2019 – 1124 barrels

2020 – 796 barrels

2021 – 965 barrels

2022 – 802 barrels

2023 – 1129 barrels

2024 – 1126 barrels

LEGAL DESCRIPTION: Land located in the E/2 of the NW/4 of Section 35, Township 19 South, Range 3 West of the 6th PM, McPherson County, Kansas. The exact legal description is reflected in the Title Search Report and Real Estate Purchase Contract.

POSSESSION AND CURRENT CROP: Possession of the property will be at closing subject to harvest of the current growing grain sorghum crop. Seller will retain any income and be responsible for any expenses associated with that crop.

2024 REAL ESTATE TAXES: $721.05

LAND LOCATION FROM MCPHERSON: Located at the southwest corner of A Avenue and Interstate 135.