Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire the St. James Golf Course and River’s Edge Restaurant, a turnkey asset located in St. James. This rare offering combines a well-maintained 18-hole golf course with a high-performing restaurant and bar, delivering multiple revenue streams and meaningful upside for investors and owner-operators alike. A significant $2.6 million capital investment was completed in 2023, substantially enhancing the long-term functionality and value of the property. This investment supported major site and facility improvements, including a recently constructed clubhouse with pro shop, practice area, cart storage, and a club-owned golf cart fleet, along with critical infrastructure upgrades such as a new septic system and the addition of three-phase electrical service. These improvements support existing operations while positioning the asset for future expansion, increased capacity, and reduced near-term capital risk for incoming ownership. Spanning approximately 150 acres, the par-72 course serves a strong local and regional community within Minnesota’s vibrant golf culture—ranking among the top states in the nation for golfers per capita. Golf memberships represent an attractive and recurring revenue source, complemented by ongoing enhancements such as an upgraded irrigation system. In addition, the property has permits and an ALTA survey in hand for a future campground featuring 32 RV sites and six cabins with full utility hookups, creating a clear, infrastructure-ready path to further diversify and expand revenue streams. River’s Edge Restaurant anchors the clubhouse, offering seating for over 120 guests with panoramic course views. The full-service kitchen supports daily dining, weddings, banquets, and tournaments—generating consistent non-golf income throughout the year. The restaurant has become a sought-after destination for surrounding communities, driving traffic well beyond the golf season. Strategically positioned along Highway 60 and U.S. Route 71, the property benefits from strong regional accessibility. St. James serves as an economic hub for southern Minnesota and is home to major employers such as Tony Downs Foods and Mayo Clinic Health System, supporting stable local demand for both golf and dining operations. This offering presents a compelling opportunity to acquire a revenue-generating, infrastructure-enhanced golf and dining asset with established community ties and clear upside through operational efficiencies, marketing initiatives, and campground development.