Fairway Advisors announces the listing of Terrace Hill Golf Club in Algonquin, Illinois. The private golf course located on 140 acres is now officially on the market.
Developed in 1984, for the past 30 years, Terrace Hill has operated as a private golf club. The owners comment, “Terrace Hill has been a very successful golf course. Our family has been privileged to operate the facility for the past three decades, but it’s time to pass the baton to a new owner.”
Jeff Davis, President of Fairway Advisors, maintains, “Terrace Hill is located in one of the most sought after infill suburban locations in the greater Chicagoland market. The property is zoned RE-1 which allows for residential development on 18,000 square foot lots. Developers have been contacting ownership for decades seeking to acquire this site, but they weren’t ready to sell. Now the real estate market is rebounding and the course’s management team is seeking to retire. The timing couldn’t be better for a new owner. The property will continue to become more valuable as market conditions improve.”
