Ask Ethan Houk
*LIVE AND ONLINE AUCTION*
AUCTION DATE: June 26th, 2026 at 6PM Central Time
AUCTION LOCATION: 6955 Kingman Rd, Galesburg, KS 66740
This productive 230.76-acre property offers an outstanding combination of high-quality tillable ground, recreational potential, and long-term investment value. With approximately 180+/- acres of productive tillable farmland, it provides strong return potential along with the added benefit of an active oil well producing monthly income.
Located just two miles south of Galesburg, approximately 9.5 miles northwest of Parsons, and only 1.5 miles west of Parsons Lake, this property sits in an excellent area for both farming and recreation. This 230.76-acre tract will be offered at auction on June 26th at 6:00 p.m. at Galesburg Middle School.
The property features three ponds that could potentially be transitioned into wetlands to further enhance the recreational appeal. Well-maintained waterways run throughout the farm, providing proper drainage while also creating excellent travel corridors and cover for wildlife. Thick hedgerows and scattered timber pockets throughout the property further enhance the habitat and add to the overall hunting potential.
Whether you are looking for an investment property, recreational farm, or an opportunity to expand your farming operation, this property checks all the boxes. Don't miss the opportunity to own this incredible investment/recreational property!
For registration information, private showings or additional questions regarding the auction, please call or email the listing agent, Ethan Houk, at 620-778-9135 or ehouk@l2realtyinc.com
Property Highlights:
-Great ROI investment with 180+/- acres of productive tillable ground.
-Mix of class 2 and 3 soils consisting of: Dennis Silt Loam, Wagstaff Silty Clay Loam, Zaar Silty Clay, and Parsons Silt Loam.
-Active Gas well.
-Minerals will convey.
-Conveniently located 2 miles South of Galesburg and 9 miles NW of Parsons.
-Multiple maintained waterways for proper drainage and cover for wildlife.
-2 Naitive grass meadows for potential hay income.
-3 ponds for recreational use.
-Mature headrows throughout the property.
-Scattered timber thickets for exceptional cover for wildlife.
-Sellers one-third (1/3) share will transfer upon closing.
Auction Terms (Hybrid)
ONLINE & LIVE.
LIVE AUCTION LOCATION: 6955 Kingman Rd. Galesburg, KS 66740
Online bidding will open at 12:00 PM on June 24th 2026 and the live auction will begin at 6PM on June 26th 2026. Bidding will be conducted via online, by phone, or in person. Download our app "L2 Realty Auctions" or go to https://l2realtyinc.bidwrangler.com/ui to keep up and place bids. The auction will conclude upon closing of the live bidding.
There will be a 10% buyers premium added to the high bid to determine the contract price. Closing fee and title insurance fee will be split 50/50 between seller and buyer.
The property is selling subject to a reserve.
Bids submitted shall be "firm bids" available for sellers acceptance and without contingencies. Interested buyers need to view the property prior to the date of the auction and have financing approval along with any inspections performed prior to bidding.
Final sales price will be calculated by 230.76 times the final bid plus buyer's premium.
Upon acceptance of a bid by seller, the real estate contract will be provided by the seller's agent to the successful bidder promptly, and the termed contract shall be executed by the successful bidder and tendered to seller's agent within 24 hours of the close of the auction. The earnest deposit in the amount of 10% of the final sale price will be tendered to Security 1st Title in Oswego, KS within five (5) days of notification and acceptance. Remaining balance due at the time of closing.
Closing of the sale bid purchase will be conducted on or before August 26th, 2026 at where time seller shall deliver possession.
Selling subject to easements, restrictions, roadways and rights of way. Preliminary title work included.
Boundary property lines pictured are approximated for reference only. There will be no guarantee on any fence or property lines as the selling is of the legal description only.
Property is selling "as is" condition and is accepted by the buyer without any expressed or implied warranties.
The seller shall obtain current 1/3 share of current lease until closing of the property, and the current tenant shall retain farming rights through the 2027 harvest. Following harvest of the current crops in place, the seller’s one-third landlord share under the crop-share arrangement shall transfer to the buyer, and buyer shall take ownership subject to those rights.
All terms announced the day of the auction take precedence over any other advertising.
