Indian Rock Golf Club

 

100 Indian Lake Avenue

 

Gravois Mills, MO 65037

 

PRICE:
$1,049,000
CAP RATE:
16.81%
BUILDING SIZE:
10,000 SF
PROPERTY TYPE:
Golf Course
TOTAL LOT SIZE:
101.8 Acres

Highlights:

 

  • 16.81% cap rate, 18-hole golf course on 101.8 acres
  • Located in the vacation destination of Lake of the Ozarks, only golf course within 21 driving miles
  • Included in the sale: golf course, maintenance buildings and equipment, cart garages and clubhouse (pro shop, offices, bar & grill, conference/banquet space, men’s and women’s locker rooms)
  • 2015 renovations to clubhouse and irrigation pumps, new roofs in 2017
  • Also available, but not included in the sale price, is 22.4 acres of potential residential development land
  • Co-listed with Richard Hurst of SVN | The Hurst Company, LLC

Description:

 

For sale is the gorgeous Indian Rock Golf Club in close proximity to the popular tourist location of Lake of the Ozarks. This 16.81% cap rate, 18-hole golf course is approximately 101.8 acres and is the only golf course within 21 driving miles. The clubhouse includes a pro shop, bar & grill (currently leased to an operator), conference/banquet room, offices, and men’s/women’s locker rooms. Renovations were completed in 2015 to the clubhouse and irrigation pumps and new roofs completed in 2017. The property features a practice green, maintenance and chemical buildings, restrooms on the course, and golf cart storage facilities.

An additional 22.4 acres of land is for sale separately with great potential to become residential development. With its proximity to the Lake of the Ozarks, these residential lots would add great value to the already profitable site.

Gravois Mills, Missouri, is located on one of the Midwest’s premier lake resort destinations, Lake of the Ozarks. Lake of the Ozarks is home to world-class boating, golfing, shopping, fishing, lodging, restaurants, state parks, and much more. The area itself is rich with history including the Osage Native American history, the Great Osage River Project, and the westward expansionism by popular explorers Lewis and Clark. The area is truly littered with activities for the entire family.

 

Distance from Gravois Mills to:

– Jefferson City – 1 hour

– Springfield – 2 hours

– Kansas City – 2.5 hours

– St. Louis – 3 hours

 

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