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    6Th Ave Grinnell, IA 50112

    Sponsored
    For Sale
    $1,820,000

    111 Acres, 18-Hole Golf Course, Iowa

    Property size:
    13,509 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 111.71-acre property in Grinnell, Iowa, presents a unique investment opportunity. Currently operating as the Oakland Acres Golf Course, this established business boasts an 18-hole course and a substantial 13,509 square foot clubhouse. The clubhouse features an upscale bar and a golf simulator, enhancing the guest experience and providing additional revenue streams. The asking price is $1,820,000, translating to $134.72 per square foot. The property's diverse zoning allows for agricultural use, expanding potential investment avenues beyond the existing golf course operation. Located at 6th Ave W, Grinnell, IA 50112 (Poweshiek County), this property offers significant potential for both continued operation as a golf course and alternative agricultural uses. The expansive acreage and existing infrastructure provide a solid foundation for a variety of development scenarios. The property's prime location in Grinnell offers convenient access to local amenities and a strong community presence. This is a rare opportunity to acquire a well-established business with significant land holdings and diverse development potential in a desirable Iowa location. Detailed financial information and property surveys are available upon request.

    Property Features for 0 6Th Ave

    General Information

    Property type
    Farms
    Square Feet
    13,509 SF
    Lot Size
    4,866,088 SF

    HighLights

    • $1,820,000 asking price for 111.71 acres of Iowa farmland and hospitality property.
    • 13,509 square feet of building space, including a clubhouse with bar and golf simulator.
    • Located in Grinnell, Iowa, on 6th Ave W, Poweshiek County, zip code 50112.
    • Property includes an 18‑hole golf course.
    • $134.72 price per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Grinnell
    County
    Poweshiek
    State
    Iowa
    Longitude
    -92.7428455
    Latitude
    41.7461115

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    FAQs

    What type of property is this?
    Farm - 111 Acres, 18-Hole Golf Course, Iowa
    Where is this farm located?
    The property is located at 6Th Ave Grinnell, IA.
    What is the asking price?
    The asking price for this property is $1,820,000.
    What are key features of this property?
    This property features: $1,820,000 asking price for 111.71 acres of Iowa farmland and hospitality property.; 13,509 square feet of building space, including a clubhouse with bar and golf simulator.; Located in Grinnell, Iowa, on 6th Ave W, Poweshiek County, zip code 50112.
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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

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    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
    6Th Ave Grinnell, IA 50112
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