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355 Country Club Ln - Development Land with Golf Course

2,640 SF Sports & Entertainment Building Offered For Sale in Dike, IA 50624

Investment Highlights

  • Championship 18 hole golf course
  • Many value-add improvements made since 2022
  • Award winning event center

Executive Summary

Locate Commercial Real Estate has been retained to offer Fox Ridge Golf Course in Dike Iowa. The 18 hole golf course complex resides on 172 acres and is made up of seven buildings including a club house, maintenance building with small office, three storage/cart sheds and two pump sheds It is currently operating as golf course and event space for weddings or corporate events The clubhouse and golf course have been substantially renovated in 2018.
Square footage does not include a finished basement that was being remodeled and includes a Trackman Simulator. The clubhouse includes a full kitchen and banquet facility. The Fox Ridge restaurant being operated in the clubhouse can supply food to the banquet facilities to cater weddings and events of 300+/- guests The golf course terrain is gently rolling with several ponds and many fairway bunkers. The golf course is a links design and operates as a daily fee golf course suited for the current use.
The potential exists for additional development within the complex along three fairways for medium and high density residential projects.

Property Facts

Sale Type Investment
Property Type Sports & Entertainment
Property Subtype Golf Course/Driving Range
Building Class C
Lot Size 180.00 AC
Building Size 2,640 SF
Number of Floors 1
Year Built/Renovated 1999/2018
Parking Ratio 10/1,000 SF

Amenities

  • Lounge

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
881504151001
Land Assessment
£69,971
Improvements Assessment
£283,202
Total Assessment
£353,173

zoning

Zoning Code Mixed
Mixed
  • Listing ID: 28710747

  • Date on Market: 09/06/2023

  • Last Updated:

  • Address: 355 Country Club Ln, Dike, IA 50624

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