4490 Us-212, Montevideo, MN 56265
This exceptional 130-140 acre golf course property, located at 4490 US-212, Montevideo, MN 56265, presents a unique investment opportunity. The property includes an 18-hole championship course, originally built in 1923 and expanded in 1994, taking full advantage of the scenic Minnesota River Valley landscape. The course features rolling hills, challenging greens, and strategically placed sand traps, appealing to golfers of all skill levels. Amenities include a driving range, putting greens, a pro shop, and a recently remodeled (3 years ago) restaurant and event space perfect for hosting various functions. Four buildings are situated on the property, including a cart barn with ample storage and a substantial maintenance facility. The course boasts a loyal membership base and a thriving event schedule. The clubhouse features approximately 6,000-8,000 square feet of space with 15-foot ceilings. A fleet of 30 golf carts is included in the sale. The property is zoned commercial and sits within two minutes of downtown Montevideo, a growing community of approximately 7,000 residents. The APN numbers are 10-0098-000, 17-219-2010, 17-218-3010, 10-0031-000, and 10-0032-010. This is a turnkey operation with significant potential for growth and profitability. The asking price is $950,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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