Century Old 18-Hole Golf Course For Sale

Business Overview:

An 18-hole public golf course with a large clubhouse, set on a single contiguous parcel of more than 100 owned acres in East Central Indiana. The course has been in continuous play for more than a century. Revenue comes from daily-fee golf (~60% of 2025 revenue), memberships, cart rentals, food and beverage under a three-way liquor license, and a small pro shop. The season runs April to November. The current ownership group has held the property for about 20 years and is retiring. The club runs lean on a part-time staff and earnings are thin; the value rests in the land, the clubhouse and the operating upside. The offering suits two kinds of buyer: a golf operator ready to modernize, or a land buyer looking at alternative uses, subject to rezoning. Investment Highlights • Real estate included: 100+ contiguous acres, with irrigation fed by on-site wells • Large clubhouse with an upstairs ballroom, bar and kitchen; roof and siding redone within the past five years • Established daily-fee and membership base: 6,700+ green fees and 100+ members in 2025 • Light owner involvement: about 25 combined partner hours a week • Asset sale; all business debt retired by the seller at closing

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Reason for Selling:

Retirement. Kindly ask the seller for more information.

Additional Details:

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