20.19% Cap Rate | Lake of the Ozarks Golf Course For Sale

100 Indian Lake Avenue Gravois Mills, MO 65037

100 Indian Lake Avenue, Gravois Mills, MO, 65037
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FOR SALE
Property Type:
Other Special Purpose
Amount:
$2,600,000
Last Verified:
Jan 12, 2024

Highlights

  • 20.19% cap rate (2023 actuals), 18-hole golf course on 101.8 acres
  • Located in the vacation destination of Lake of the Ozarks, only golf course within 20+ driving miles
  • Included in the sale: golf course, maintenance buildings and equipment, cart garages and clubhouse (pro shop, offices, bar & grill, conference/banquet space, men's and women's locker rooms)
  • Many renovations and capital improvements made over the past few years
  • Also available, but not included in the sale price, are approximately 13 acres of residential development land
  • Co-Listed with Richard Hurst of SVN | The Hurst Company

Description

SVN | Northco is pleased to present Indian Rock Golf Club for sale. This picturesque 101.8 acre property is in close proximity to the popular tourist location of Lake of the Ozarks. The 18-hole golf course is the only golf course within 20+ driving miles and the restaurant is a favorite to locals. The clubhouse includes a pro shop, bar & grill, conference/banquet room, offices, and men's/women's locker rooms. The property also features a practice green, maintenance and chemical buildings, restrooms on the course, and golf cart storage facilities. Many renovations and capital improvements have been made over the past few years, making this an ideal situation for a new owner to step into.

An additional 13 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.

Gravois Mills, Missouri, is located on one of the Midwest's premier lake resort destinations, Lake of the Ozarks. Lake of the Ozarks is home to world-class boating, golfing, shopping, fishing, lodging, restaurants, state parks, and much more. The area itself is rich with history including the Osage Native American history, the Great Osage River Project, and the westward expansionism by popular explorers Lewis and Clark. The area is truly littered with activities for the entire family.

Distance from Gravois Mills to:
- Jefferson City - 1 hour
- Springfield - 2 hours
- Kansas City - 2.5 hours
- St. Louis - 3 hours

Airports in close proximity include Waynesville-St. Robert Regional Airport (80 miles), Columbia Regional Airport (80 miles), Kansas City International Airport (173 miles), and Lambert-St. Louis International Airport (180 miles).

Building Size: 10000sq ft
Lot Size: 101.8 acres


Documents

Sale Brochure - Indian Rock GC

Map of 100 Indian Lake Avenue, Gravois Mills, MO, 65037

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