Located off 23rd Road southwest of Waverly, Kansas, this 120±/- acre tract of established native prairie grass pasture offers a rare blend of grazing strength, recreational appeal, and annual income. For ranchers, the property is fully fenced with five-wire barbed wire and supports productive grazing. A pond—cleared approximately four years ago—provides a reliable livestock water source. Gently rolling terrain allows for efficient pasture management and strong grass performance. For investors, the property includes a windmill lease that provides defined annual income. Per lease terms, the wind energy company maintains the driveway servicing the turbine. A 1,200-foot building setback applies from the windmill location (buyer to verify lease terms and payment details). This creates a diversified land investment with both agricultural use and renewable energy income. For hunters, the mix of open prairie, pond water source, and surrounding habitat supports wildlife including deer and turkeys, offering solid recreational opportunity. Quality 120+/- acre pasture tracts with income components near Waverly are increasingly difficult to find. Contact listing agent for full lease details and additional information.