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Property 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.

Amenities
Investment Highlights

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

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

Wedgewood Cove Golf Club

2200 W 9th St, Albert Lea, Minnesota 56007

$2,400,000
Basic Details
Status : Available
Price : $2,400,000
Holes : 18
Year Built : 2008
Ownership : Fee Simple
Country : United States
State : Minnesota
City : Albert Lea
Listing Broker : Jennifer Stein Real Estate, Inc.
Listing Broker Name : Jennifer Stein
Listing Broker License : MN - 40989981
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Advisor
Jennifer Stein
JDS Real Estate Services, Inc
26401 Calle Rolando San Juan Capistrano, CA 92675
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