SOURCE: Murray Wise Associates LLC

Murray Wise Associates LLC

January 17, 2012 11:38 ET

Crane Creek Golf Course to Sell at Auction

KILBOURNE, IL--(Marketwire - Jan 17, 2012) - Will Crane Creek Golf Course continue to exist? Or will it once again become farmland?

The answer may depend on who purchases the 347-acre Mason County property on Tuesday, Feb. 21, when Murray Wise Associates sell it at auction.

"Crane Creek has a loyal customer base of area golfers, but farmland is in high demand right now, and it wouldn't surprise me if someone chose to convert the course back to agriculture. Before the golf course was built, the property had been used for a Christmas tree farm, and it includes 40 acres that are mostly tillable now. Another 61 acres of pasture and timber are already in the federal Conservation Reserve Program," said Murray Wise, CEO of the auction company.

The golf course itself will sell in three tracts. A 97-acre tract includes the front nine, as well as 26 surveyed sites for future residential construction. The back nine are included in a 133-acre tract, along with a building. The clubhouse, maintenance building and driving range are located on a 16-acre tract. "Much of the golf course land per se would make excellent pasture and is also suitable for hunting and recreation," Wise said.

"Homes along golf courses are always popular, so the home sites may add significant value, especially if the buyer continues to operate the golf course. As the economy gathers strength, I expect we'll eventually see an uptick in construction," he said.

The Par 72 course has five sets of tees, with a range from 5,256 yards to 7,390 yards. It is ranked by as one of the 20 best Illinois golf courses. The 3,200-square-foot clubhouse has a pro shop, kitchen, bar area, banquet room and manager's efficiency apartment.

About Murray Wise Associates LLC
Murray Wise Associates LLC, headquartered in Champaign, Ill., with additional offices in Florida and Iowa, is a leading national agricultural real estate marketing and auction company. The company also manages farmland assets for individual clients in Iowa, Idaho, Kansas, Kentucky, Missouri, Minnesota, Nebraska, North Dakota, Oklahoma, South Dakota and Wisconsin. More auction communications.

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