The Orland Park, Ill. club in suburban Chicago features 45 golf holes and was developed by the Coghill family, who also developed Cog Hill G&CC and then sold it to the Jemsek family. A family member said “it was just time” to explore a sale and that the current owners would be open to all possibilities, with nothing expected to come to fruition for a minimum of two years. A direct invitation is needed to view the property listing. One estimate says a sale of the entire property could bring over $10 million, because of the growing need for new suburban housing.
Silver Lake Country Club in Orland Park, Ill. has been privately listed for sale on the Jones Lang LaSalle (JLL) real estate website, the Orland Park Patch reported, citing a report in Crain’s Chicago Business.
The nearly 300-acre, family-owned public golf course and club has been in Orland Park, 20 miles south of Chicago, since 1939, Patch reported, and has been owned by the Coghill family since it opened. It features 45 holes of golf, including the nine-hole executive Rolling Hills course and two 18-hole courses that were originally Euclid Hills Country Club and Silver Lake Golf Club.
The Coghill family also built the courses that are now owned by the Jemsek family and operated as Cog Hill Golf & Country Club in the Chicago suburb of Lamont, Ill.
Selling the Silver Lake property may lead to a “massive residential development” as the coronavirus pandemic increases the current demand for suburban housing, Patch reported, citing the Crain’s Chicago Business report.
Although the property is for sale, it is non-viewable to the public, Patch reported; a direct invitation to view the listing is needed, according to the JLL website.
The asking price could vary widely, depending on the nature and scale of a redevelopment project, Patch reported, citing the Crain’s report, which said the value could be lower if only part of the country club gets redeveloped. Crain’s also reported, however, that industry experts estimated a home builder could pay over $10 million for the entirety of the property, because of its location and the value of other homes in the Orland Park area.
Family member and club events manager Amy Coghill told Patch that the family decided “it was just time [to explore a sale],” and that the current owners would be open to all possibilities moving forward.
It is likely to be a minimum of two years before anything “comes to fruition,” Coghill said, adding that the family will continue to host “many rounds of great golf and fabulous events,” at the club.
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