Century Old 18 Hole Golf Course
An 18-hole public golf course with a large clubhouse, set on a single contiguous parcel of more than 100 owned acres in East Central Indiana. The course has been in continuous play for more than a century.
Revenue comes from daily-fee golf (~60% of 2025 revenue), memberships, cart rentals, food and beverage under a three-way liquor license, and a small pro shop. The season runs April to November.
The current ownership group has held the property for about 20 years and is retiring. The club runs lean on a part-time staff and earnings are thin; the value rests in the land, the clubhouse and the operating upside.
The offering suits two kinds of buyer: a golf operator ready to modernize, or a land buyer looking at alternative uses, subject to rezoning.
Investment Highlights
- Real estate included: 100+ contiguous acres, with irrigation fed by on-site wells
- Large clubhouse with an upstairs ballroom, bar and kitchen; roof and siding redone within the past five years
- Established daily-fee and membership base: 6,700+ green fees and 100+ members in 2025
- Light owner involvement: about 25 combined partner hours a week
- Asset sale; all business debt retired by the seller at closing
Growth Opportunities
- The upstairs ballroom has its own bar and kitchen but sits largely unused; indoor simulator bays and events would add off-season revenue
- No online tee sheet or modern POS today; online booking and rate management are untapped
- Membership revenue fell 20% in 2025 with no active marketing, and the club hosts only 6 to 8 outings a year
- The land is zoned agricultural today; residential, mixed-use or light-industrial uses are possible on 100+ acres, subject to rezoning
Financial Information
| Year | Revenue | Cash Flow |
| Jan-Sep 4th, 2026 | $232,544 | $(12,023) |
| 2025 | $321,668 | $(11,573) |
| 2024 | $351,944 | $31,655 |
| 2023 | $314,555 | $5, 126 |
For more information regarding this Century Old 18-Hole Golf Course for sale click the link below. IBA requires a Non-Disclosure Agreement be signed before disclosing business details.**
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