Field of Dreams property for sale

[knightni]

http://sports.yahoo.com/mlb/blog/big_leagu...?urn=mlb,240919

 

A little steep, IMO.

[southsider2k5]

It is probably the wrong economy for it, but you never know.

 

[knightni]

With tourism and B&B possibilities, I could see 2.5 mil maybe. But over 5 mil is way too much.

[maggsmaggs]

It's cool and all, but it just is the middle of nowhere. I've been there and it's like awesome for a minute, and then you realize it's not that amazing.

[knightni]

If you get 50,000 visitors a year at $10 a pop plus concessions and souveniers, that can be $750k profit a year after bills...it could be in the black in 4 or 5 years if you get it for 2.5 mil.

[NorthSideSox72]

If you get 50,000 visitors a year at $10 a pop plus concessions and souveniers, that can be $750k profit a year after bills...it could be in the black in 4 or 5 years if you get it for 2.5 mil.

The Field of Dreams currently gets 65k visitors a year, but does NOT charge admission. They make money via margin on merchandise. And I doubt they clear $10 of profit per visitor on that. Many visitors won't even buy anything, and its awfully hard to put a $30 margin on t-shirts, which is what you'd need to do to clear that. If you start charging admission, attendance will undoubtedly plummet. I guarantee you the PP on this is more than 4-5 years at that price. Remember too you have not only "bills" for property taxes and what not, you also have the upkeep of a big property with multiple structures, insurance for a place where people play sports, and personnel costs for people who sell said t-shirts.

 

[Brian]

The owners offered to sell it to Kevin Costner for 2M but he turned it down.

[WilliamTell]

I had a blast hitting a baseball into the corn field when I was younger. Haven't been back since though.