26-04-2025
This Illinois semi-private country club has changed hands after a bankruptcy
This Illinois semi-private country club has changed hands after a bankruptcy
Pekin Country Club, just south of Peoria, Illinois, is under new ownership.
Brothers Jay and Shaun Schlosser said they purchased the club from Pekin Country Club, Inc. Shaun Schlosser did not disclose the price, but the club last fall was listed at $1.95 million with the commercial real estate agency Crexi and the commercial real estate marketplace LoopNet.
The property features an 18-hole championship golf course with four sets of tees for various skill levels, as well as a state-of-the-art practice facility. Public records show Pekin Country Club, Inc. filed for Chapter 11 bankruptcy in March 2023 with the U.S. Bankruptcy Court Central District of Illinois.
Schlosser said he plans to open the golf course to the public on Mondays and to open the country club's restaurant by early May. He also intends to offer discounted club memberships until Memorial Day weekend. New members joining by Memorial Day will pay $400 a month for the first year rather than the regular $450 monthly rate.
'I was raised on a golf course in Decatur,' Schlosser said. "My dad (Gary Schlosser) was a golf pro, and I've always wanted to get into the golf business. We found the listing online, came to have a look around last November, and thought it was worth investing in.'
Pekin Country Club is located at 310 Country Club Drive, Pekin.
