4696 Robin Woods Ln NE - Specialty FOR SALE


Iowa City, IA 52240
$4,800,000 USD
952-852-9767

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$4,800,000 USD
Specialty - FOR SALE
null | Request Cap Rate

4696 Robin Woods Ln NE
Iowa City, IA 52240


HIGHLIGHTS

  • Demonstrated operating stability with robust current and future bookings, offering a foundation for continued growth with substantial upside potential
  • No in-house food and beverage operations or liquor license currently in place, presenting an immediate opportunity to expand offerings and capture add
  • Offered for sale for the first time in its history by the original developer.
  • Property includes 6.6 acres of conveniently located land easily accessible for guests traveling from Iowa City, Coralville, Cedar Rapids, and surround
  • Built in 2011 at a cost exceeding $5 million, reflecting superior craftsmanship, durable materials, and long-term value with limited near-term capital
  • Highly regarded, fully operational event facility located just minutes from downtown Iowa City, positioned within one of Iowa’s most dynamic regional

OVERVIEW

Marcus & Millichap is pleased to present The Celebration Farm, a premier event venue nestled just minutes from downtown Iowa City and the University of Iowa. This distinctive property offers investors a rare opportunity to acquire a fully operational and highly regarded event facility located within one of the state’s most dynamic regional markets. This is a legacy property being offered for sale for the first time by the original developers. Set amid scenic woodlands, The Celebration Farm is best known for its architecturally stunning Double Round Barn, Timber Frame Barn, and Amphitheater Arches offering flexible indoor and outdoor spaces that host weddings, corporate retreats, and community events throughout the year. Given its overall appeal, scenic aesthetics and high regard in the local community, the venue has hosted multiple celebrity events. Situated on 6.6 acres of land and constructed in 2011 at a total cost in excess of $5 million, The Celebration Farm combines rustic elegance with modern functionality. The property features multiple event venues, including the Double Round Barn, The Timber Frame Barn, and The Amphitheater, providing flexibility for events ranging from intimate gatherings to large-scale celebrations. The facility operates without in-house food and beverage service and does not currently hold a liquor license—offering significant upside potential for an incoming investor to expand revenue through catering partnerships and on-site beverage operations. Conveniently located in Iowa City, the property draws strong regional demand as a premier destination wedding venue, attracting couples seeking a picturesque yet easily accessible setting. It’s proximity to Iowa City, Coralville, and Cedar Rapids provides access to extensive lodging, dining, and entertainment options, enhancing the overall event experience for clients and guests. The Celebration Farm maintains a strong calendar of confirmed bookings, demonstrating consistent demand and stable cash flow. Forward-looking reservations extend well into future seasons, underscoring the venue’s exceptional market position and brand reputation. Further upside exists through the integration of in-house food and beverage operations and the addition of a liquor license, which would allow an investor to capture substantial incremental revenue while enhancing the overall guest experience. Combined with its proven operating history and unmatched aesthetic appeal, The Celebration Farm represents an outstanding opportunity to acquire a high-performing, growth-ready event venue in one of Iowa’s most desirable markets.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Celebration Farm — Premier Wedding & Even

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.26 AC

LAND SF

229,284 SF

ZONING

-

APN/PARCEL ID

0818281001

ASK ABOUT THIS PROPERTY

Jon RuzickaMarcus & MillichapMore Info
952-852-9767

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Jon RuzickaMarcus & MillichapMore Info
952-852-9767

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.