Indian Rock Golf Club - 15.79% Cap Rate

Gravois Mills, MO (Morgan County)

Indian Rock Golf Club
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Asking Price: $1,049,000

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Indian Rock Golf Club - 15.79% Cap Rate

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Business Description

For sale is the gorgeous Indian Rock Golf Club in close proximity to the popular tourist location of Lake of the Ozarks. This 15.79% 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.

This property is co-listed with Richard Hurst of The Hurst Company, LLC.

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Frank Jermusek

Business Listed By:
Frank Jermusek

SVN | Northco Real Estate Serv

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