Sports Complex With Real Estate Included For Sale

Business description

This major and unbelievable sports complex is virtually unmatched in its upper Midwest region. With both excellent visibility from and easy access off a major interstate highway, this 17-acre complex is located within a 90-minute easy highway drive to over 10 million people.

The complex includes two separate architectural buildings, which share a large, paved parking lot. The smaller (52,000 sf) of these two facilities features five full size basketball courts, a fully equipped 3,000 sf fitness center, locker rooms, offices, sporting goods store, sit down concession area and a full kitchen.

The larger (176,000 sf) facility is a two story spectacular structure featuring two ice hockey rinks (one professional size; one Olympic size); 15,000 sf gymnastics area, 55,000 sf for soccer/multi use; ample kitchens, concession stands; sit down dining areas; private rooms (with viewing areas); two full liquor licenses; lots of offices; locker rooms; sporting goods store and a 17,000 sf common area.

In addition to the obvious hockey, skating, soccer, gymnastics, basketball and fitness uses, these facilities regularly host trade shows and corporate events. The seller, significantly past retirement age, loves his sport complex, which he built in the 1990?s, but he now recognizes that a combination of his age and a large, thriving, unrelated family business necessitates his selling the sports complex.

Priced at $80 per square foot (which includes all 17 acres and both liquor licenses), this facility could not be duplicated for a cost anywhere near the $18.24 million listing price. The true value of this sports complex and its 10 years of sports and commercial activity is only limited by the imagination of the buyer. Some obvious possibilities include using 1-1/2 available acres (part of the 17 total acres) to add on a swimming pool complex contiguous to the larger facility; purchasing additional available acreage for outdoor soccer and lacrosse fields, tennis courts; and/or building a clinic specializing in sports medicine.

Property information

Real Estate:

Real Property Included

Lease terms:

Included in sale price

Location:

17 acre complex

Other information

Support & training:

Seller will provide training

Reasons for selling:

Other Business Demands

Trading hours:

Monday-Sunday

Financing available:

Seller will negotiate financing