Ask Nathan Leeper
Online Bidding Opens July 3rd, 2026 and Bidding Ends July 10, 2026, at 5:00 PM
Property Address: 40135 NE 40th Street, Pratt, KS, 67124
Legal Description: 158+/- Acres in the NW/4 of S17-T27s-R12w
Register to bid online: Click Here!
Located just 4 miles northeast of Pratt and only one-half mile south of Highway 61, this exceptional 158± acre property presents a rare opportunity to acquire productive native grass pasture, valuable improvements, outstanding upland hunting, and producing mineral rights-all selling at online-only auction.
A tree belt stretches across the northern portion of the property, creating an attractive landscape while providing valuable wildlife habitat and protection from the Kansas winds. The balance of the acreage consists of quality native grass pasture, making the property well-suited for livestock grazing, recreation, or long-term land investment.
The improvements are centered around a 5± acre homesite featuring an older farmhouse ready for renovation or replacement. Several outbuildings provide functional storage and utility, while the highlight is a substantial metal shop with concrete floors-ideal for equipment storage, a workshop, or ranch headquarters.
For sportsmen, the property offers excellent upland bird hunting with strong pheasant and quail habitat supported by the native grasses and tree belt. The combination of cover, food sources, and surrounding agricultural influences creates an attractive environment for wildlife throughout the year.
Adding to the property's investment appeal, producing mineral rights will transfer to the buyer, offering income potential rarely found in properties of this size. The combination of productive grassland, improvements, hunting opportunities, and mineral income creates a diverse asset with both immediate utility and long-term value.
Whether you're seeking a productive cattle operation, country homesite, recreational retreat, or investment property, this Pratt County offering delivers a unique blend of features in a highly desirable location.
Oil Income:
Apr 2025: $2,772.25
May 2025: $2,632.33
Jun 2025: $2,728.05
Jul 2025: $1,373.62
Aug 2025: $1,385.18
Sep 2025: $2,667.47
Oct 2025: $1,770.54
Nov 2025: $1,196.14
Dec 2025: $1,201.22
Jan 2026: $1,239.89
Feb 2026: $1,337.85
Apr 2026: $3,101.82
May 2026: $4,114.69
June 2026: $1,575.02
For more information contact: Dan Melson (785) 979-3402 or Nathan Leeper at (620) 399-6328
158± acres in Pratt County, Kansas
Online-Only Auction
Bidding concludes July 10, 2026, at 5:00 PM
Located 4 miles northeast of Pratt
Only 1/2 mile south of Highway 61
Productive native grass pasture
Tree belt along the north side of the property
5± acre homesite
Older farmhouse with renovation potential
Several outbuildings
Large metal shop with concrete floors
Excellent pheasant and quail hunting
Producing mineral rights transfer to buyer
Excellent access and proximity to Pratt
Multiple uses including grazing, recreation, rural living, and investment
Properties offering productive pasture, quality improvements, recreational value, and producing mineral income seldom come to market. Mark your calendar and take advantage of this opportunity to purchase a highly versatile Pratt County land holding at auction.
Auction Terms & Conditions: No buyer's premium. Bidding will be by the acre, final bid multiplied by the total acres will determine the final contract price. Bidders must be pre-approved with their lender, if applicable, prior to registering. Registered bidders will be contacted by the auction company for proof of funds/pre-approval. 10% earnest money deposit due the day of the sale. Closing shall be with Security 1st Title on or before September 1, 2026. Taxes shall be prorated to the date of closing. Title insurance, mineral search, and closing costs shall be split 50/50 between the buyer and the seller. All real estate shall be sold in its present "as is/where is" condition without any implied warranties or guarantees from the seller or Red Cedar Land Co. LLC. All inspections and verifications should be handled by the bidders prior to auction. All real estate is selling subject to any leases, roadways, easements, restrictions, and right of ways. Real estate is not selling subject to any inspections or bank approvals. What mineral rights the sellers own shall transfer. All boundary lines, fencing lines, and acreages are approximate and not guaranteed. Sellers have selected to have online bidding only. Bidders use the online bidding platform at bidder's sole risk. Red Cedar Land Co. LLC is not liable for any interruptions, unavailability, delays, or failure in the online bidding platform including errors or omissions related to the submission or acceptance of online bids. Red Cedar Land Co. LLC has the authority to establish all online bidding increments, and has the right to refuse, reject, or disqualify any bidders who are believed to be fraudulent, illegitimate, not competent, or in violation of any terms and conditions. Red Cedar Land Co. LLC has the right to extend, pause, or delay the auction with sellers discretion. The lot will have a "soft close" meaning that if a bid is placed within the last 3 minutes, the bidding will extend another 3 minutes until no more bids are placed. All property information is believed to be accurate; however Red Cedar Land Co. LLC is not liable for its accuracy. Red Cedar Land Co. LLC is acting as a seller's agent. The land is selling subject to seller's confirmation of price. If the buyer defaults on the purchase the earnest money shall be non-refundable, unless further agreed upon by the sellers. Any announcements made the day of the sale shall take precedence over any other advertised material or verbal communication.
Directions:
From Pratt, Ks take highway 61 NE toward Preston approximately 4 miles to Northeast 40th ave. Turn south on northeast 40th ave and go 1/2 mile. The property is on the south east side of intersection ne 40th ave / ne 40th street.
158+/- Acres in the NW/4 of S17-T27s-R12w.
