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    304 Golf Ave Ottumwa, IA 52501

    Sponsored
    For Sale
    $1,500,000

    Prime Recreational Property: 18-Hole Golf Course

    Property size:
    5,760 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 115.04-acre property, located at 304 E Golf in Ottumwa, Iowa, presents a unique investment opportunity. The expansive 5,760 square foot main building houses a full-service lounge and dining areas, perfect for hosting large or small gatherings and events. The property boasts an established 18-hole golf course, known for its lush, tree-lined fairways, providing a picturesque setting for players of all skill levels. Adding to its recreational appeal is an in-ground outdoor swimming pool and tennis courts, catering to a diverse range of interests. The property's convenient location in the heart of Ottumwa ensures easy access to major city streets and highways, maximizing its visibility and accessibility. Its rich history as a family-oriented recreational center in Ottumwa positions it for continued success and growth. This turnkey operation offers a compelling blend of established infrastructure and significant potential for future development and expansion within a thriving community. The property is priced at $1,500,000 and represents a rare opportunity to acquire a well-established recreational facility with significant upside. The property's size and amenities make it ideal for a variety of uses, from continued operation as a golf course and recreational center to potential redevelopment opportunities.

    Property Features for 304 Golf Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,760 SF
    Lot Size
    5,011,142 SF
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ottumwa
    County
    Wapello
    State
    Iowa
    Longitude
    -92.40002
    Latitude
    41.04063

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Recreational Property: 18-Hole Golf Course
    Where is this commercial real estate located?
    The property is located at 304 Golf Ave Ottumwa, IA.
    What is the asking price?
    The asking price for this property is $1,500,000.
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    304 Golf Ave Ottumwa, IA 52501
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    Ottumwa, IA 52501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    304 Golf Ave Ottumwa, IA 52501
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