Land for Sale in Winchester, Indiana

This offering represents a rare opportunity to acquire a long-established, full-service public golf facility featuring 27 regulation holes situated on approximately 202 contiguous acres under single ownership, all located within city limits. The property combines immediate operating cash flow with significant underlying land value, supported by extensive on-site improvements, diversified revenue streams, and substantial recent capital investment. Surrounded by established residential subdivisions, the course benefits from consistent daily play, strong league participation, and deep community ties, reinforced by nearly 100 years of operating history and strong local brand recognition. The scale, infrastructure, and location of the property create a compelling opportunity for owner-operators, regional golf groups, or investors seeking both stabilized operations and long-term optionality. 27-hole regulation public golf course (three distinct 9-hole layouts) ~202 acres under single ownership, entirely within municipal boundaries Fully irrigated course with multiple independent pump systems 4,500± SF clubhouse with food & beverage service and active liquor license Indoor golf simulator featuring Trackman system (installed 2022) 320-yard driving range and multiple practice greens 2,000± SF outdoor pavilion/patio for events and outings 3,500± SF cart barn with capacity for approximately 77 carts New 8,000± SF maintenance facility (2022) with office, workshop, and rentable storage bays On-course restrooms, pump houses, and storm shelters 2,340± SF on-site residence suitable for superintendent or staff housing