Perfectly located just on the edge of Kearney, this property is very unique with not many like it in the surrounding area. This is a rare opportunity to own 85.48 acres and your own lake right in Kearney! This property has been owned by the same family for many years. The property is split almost 50/50 land and lake, and has endless possibilities. The land could easily be split up for lake front development, or continue to be used as a private retreat. This lake is great for a boat ride with skiing and tubing or for private fishing all to yourself. Fish species range from Large and Small mouth Bass, White Bass, Perch, Crappie, Bluegill, Northern Pike and Catfish. Canadian Geese and ducks are very prevalent in this area as well and this could be made into your very own hunting retreat right off the back deck. The Property has two homes located on the south side of the property along 1st street. There is also a 2880 square foot steel frame building with concreted floor, an office, bathroom and two overhead doors. This building is currently leased out to a business which could be continued for property income or used by the buyer. This building is located on tract 1. The first home, located on tract 1, consists of 3664 square feet and was built in 1985. It has a newer roof and is in good condition. It is a large home with 4 bedrooms and 3 bathrooms. There is a nice bar area in the lower level and the house has been partially remodeled. There is also an attached 2 1/2 car garage. In the back, there is a large patio with a brick fireplace where you can sit and enjoy gorgeous views of the lake. The second home, located on tract 2, consists of 2700 square feet and was built in 1977. It has a newer roof and is in good condition. This home also has 4 bedrooms and 3 bathrooms with an updated kitchen. There is a 2 car attached garage. There is a large outdoor stone patio, in the back, that overlooks the water and the views are absolutely stunning. Don't miss out on this one! A property with this location is very rare. Parcel 1: 40 Acres Legal Description: 7-8-15 PT Lots 8 and 9 City of Kearney, PT1 Shreves Sub, Terry Addition Lot 1Buffalo County Address 1850 E. 1st Street Kearney NE 68847 Taxes: 2018 $9317.88 House on Parcel 1: 3664 Square Feet Built 1985 4 bedroom 3 Bathroom Attached garage: 672 sq ft Parcel 2: 45.48 Acres Legal Description: Part of Government Lots 7 and 8 Sec7, East 20 Acres of Lot 9 7-8-15 Buffalo County Address: 2260 East 1st Street Kearney NE 68847 Taxes: 2018 $7694.60 House on Parcel 2 2700 Square Feet Built in 1977 Attached garage 528 sq ft