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Property profile & analytics
OFF-MARKET
Golf courses & driving ranges

4120 Mount Carmel Rd Gosport, IN 47433

3,895 SF 163.76 ac lot Built 1993
Individually Owned 8-yr Hold
Property ID
US31-2785528
Property summary
AI-generated overview

Exceptional investment opportunity: Rolling Meadows Golf Club, a premier public golf course in Gosport, Indiana, is for sale. This established business, situated on 163.756 acres at 4120 N Mt Carmel Rd, Gosport, IN 47433, boasts a 3,895 square foot, two-story clubhouse built in 1993 and extensively renovated in 2017. The property features Bent grass greens, tees, and fairways, complemented by white sand bunkers, three lakes, and five ponds. The course design cleverly utilizes the natural rolling terrain of southern Indiana. Currently operating at 100% occupancy, the property includes a full-service sports bar, Mulligan's, and an outdoor patio. A new restaurant, the Steel Horse Saloon, is slated to open soon, further enhancing the club's offerings. The property is zoned commercial and includes 50 new golf carts. This turnkey operation offers year-round golfing opportunities and presents a strong return on investment. The asking price is $1,400,000 ($359.44 per square foot). The property features a 10-foot ceiling height in the clubhouse. This is a rare chance to acquire a thriving, well-maintained golf course in a desirable location. The APN is 60-10-24-104-060.000-027.

Property profile
Verified
Property type Golf courses & driving ranges
Year built 1993
Total area 3,895 SF
Lot 163.76 ac (7,133,211 SF)
APN 60-10-24-104-060.000-027
UPID US31-2785528
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mulligan's Restaurant Restaurant
  • Rolling Meadows Golf Course Golf Course
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Melvin R Hall · 8 yrs held
Melvin R Hall
since 2017
4 recorded transactions
2025
Price N/A
2022
Price N/A
2017
Price N/A
2017
$650,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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