Wedgewood Cove Golf Club
Par 72, 18-hole championship course on 240± acres with clubhouse and event center.
Marketing description
We are pleased to exclusively offer the opportunity to acquire Wedgewood Cove Golf Course (also referred to as “the Club” herein) in Albert Lea, Minnesota.
Wedgewood Cove Golf Club is a modern, public championship course located in the scenic lake country of Albert Lea, Minnesota. This par 72, 18-hole course stretches nearly 7,000 yards and was designed by Garrett Gill and Jon Schmenk to offer a balanced, playable layout with multiple tee options, water features, and expansive fairways. The property spans over 240 acres and includes a full-service clubhouse with a restaurant, sports bar, and a premier event center that accommodates up to 400 guests. With its strong reputation for course conditions, hospitality, and event hosting, Wedgewood Cove serves as both a community hub and a regional destination.
The Adjacent residential development and active real estate sales add long-term investment appeal. This is a rare opportunity to acquire a diversified golf asset with multiple revenue streams and significant growth potential. Positioned near I-90 and I-35, Wedgewood Cove benefits from excellent accessibility, steady public play, and a strong presence in southern Minnesota’s recreational and event markets.
Investment highlights
Priced at $2,400,000
Valuation Metrics: 1.09 Gross Revenue Multiple | 32.28% Unlevered IRR | 52.57% Levered IRR
Significant surrounding community membership upside potential once fully sold out
Most Recent T-12 Gross Revenue: $2,194,529
Upside Potential: Projected EOY 1 EBITDA: $319,945
Prime location directly off Interstate 90 and Interstate 35 for easy access to major metro areas
All maintenance equipment and golf carts are owned and included in the sale, with an estimated value upwards of $450,000
Stunning $7.5M luxury clubhouse featuring banquet facilities, indoor & outdoor dining — a premier amenity for residents and guests
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