CHICAGO- Links Capital Advisors, Inc., has just announced the sale of the Oregon Golf Club at 250 South Daysville Road in Oregon, Illinois. A local investor purchased it for only $425,000. Last month, GlobeSt.com reported that many golf course owners want to get out of the business and investors can pick up the huge tracts of land for bargain basement prices. This club has a private 9-hole course situated on 92 acres along the Rock River. It was founded in 1926 includes a 6,195-square-foot, two-floor clubhouse with dining and banquet facilities for up to 120 guests.

Chris Charnas, principal at the Evanston-based Links, represented the seller, Harvard State Bank in the transaction. Links has helped sell six golf courses in the last 12 months and currently markets another eight from across the country. The firm specializes in the brokerage of golf courses, golf resorts and golf course communities worldwide.

"This sale is another example of the struggles that private clubs are going through all over the country,” says Charnas. “Oregon Golf Club was once a vibrant, healthy club, but over time membership declined due to the economy and demographic trends. Hopefully, the new owner will be able to revive the club so it can thrive once again.”