Field of dreams for sale: $5.4 million

[hunterdutchess]

Any one see that the Field of Dreams ball field and house that sit on 197 acers is forsale? If my math is correct than it cost $27,000+ an acer.

[hunterdutchess]

http://sports.espn.go.com/mlb/news/story?id=5186685

[Matt]

When I was there about 10 years ago, I found that the field is actually split between two properties with two separate owners - one owns the infield and right field and the other left and center field.
Each had their own gift shop.

[ChiefBenderForever]

With just the house and land it's worth maybe 250-350k at most.

[yanksfan09]

I don't know land prices in Iowa, but it would have to be worth way more than 259-300+k for just under 200 acres. You can barely get a house for 250-300k here on Long Island, +200 acres of land. The price doesn't sound crazy to me, I don't know....I'm a farmer too

That's pretty cool, I would think someone will buy it with all the publicity now...



If you list it they will come.....

[ChiefBenderForever]

100 acres of farmland is probably 30-50k, and that was before property values tanked, if anything 300k is to high.

[chiprop]

Originally Posted by JohnnyHarmonica

With just the house and land it's worth maybe 250-350k at most.

I would think it would be worth a lot more that $350k. 193 acres is substantial. If you stole it you would pay more than $4k-$5k per acre, and a lot more on the open market.

[kcohen]

Originally Posted by chiprop

I would think it would be worth a lot more that $350k. 193 acres is substantial. If you stole it you would pay more than $4k-$5k per acre, and a lot more on the open market.

Are there any comps on VCP to go by?

[dstraate]

I went to school 25 miles away in Dubuque. The place is certainly magical. A beautiful spot for spontaneous pick-up baseball games, and a genuine piece of Hollywood in a state that doesn't have much by way of "A list history". Still, for 5.4 million, you could buy several surrounding counties. I'd be shocked if they get anywhere near their sticker price, but novelty is novelty.

[MacDice]

I hear Upper Deck is going to buy it, chop it up and then make it into some new cards

[JasonL]

I would easily pay a 2-3x premium for a baseball field that has Deadball Era ball players coming out of the adjacent corn to play ball on each day. call me crazy, but that seems like it's worth a few million!

Edited to add: and just think how much business you could funnel over Roach's corner for new signatures of dead ballplayers that are legitimate!

[Matt]

The investment potential is huge.

People will come, Ray. They'll come to Iowa for reasons they can't even fathom. They'll turn into the driveway, not knowing for sure why they're doing it. They'll arrive at your door as innocent as children, longing for the past. 'Of course we won't mind if you have a look around,' you'll say. 'It's only twenty dollars per person.' They'll pass over the money without even thinking about it; for it is money they have, and peace they lack.

At $20 person, you'd only need 270,000 visitors to make your money back.

[hunterdutchess]

Originally Posted by MacDice

I hear Upper Deck is going to buy it, chop it up and then make it into some new cards

Lol! I not sure Upper Deck could afford it.

[Section103]

If Im gonna drop 5 million, it is NOT going to be for a bunch of corn rows in Iowa.

My opinion may be heresy, but that movie was remarkably over-rated. JMO.

[tbob]

The book was 10 times better than the movie. I know that is often the case but the book is a must read, even if you have seen the movie.
http://www.amazon.com/gp/offer-listi...&condition=new

[wonkaticket]

A lot of that Corn looks trimmed not to mention OC...I think at best the land grades AUTH.