Joe Town Speedway Sells in Online Auction
Owners divest the local speedway to refocus operations on their remaining portfolio of recreational venues.
Updated on Oct. 29, 2026 in Openings & Closings
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Joe Town Speedway, located at 5328 North Belt Highway in St. Joseph, is up for sale following an online auction process. The sale of the local entertainment venue concludes a shift in the portfolio of ownership partners Joe Lane and Rick Gilmore.
Why it matters
The divestment of the speedway by its long-term operators marks a shift in their capital allocation toward other local leisure assets. The partners continue to hold several other recreational businesses in the St. Joseph area, including Cool Crest Mini-Golf and Ricky Dean's.
The online auction for the Joe Town Speedway, situated at 5328 North Belt Highway, closed on October 26, 2026. The final sale price for the site remains undisclosed, with ownership partners Joe Lane and Rick Gilmore now turning their focus to the upcoming April 2027 reopening of Volleys.
The players
Joe Lane
An ownership partner who operates a portfolio of recreational businesses in St. Joseph.
Rick Gilmore
An ownership partner who manages multiple local leisure properties alongside Joe Lane.
Jim Barnett Auction Service
A professional auction firm that manages the sale of real estate and business assets.
The details
Jim Barnett Auction Service managed the sale of the speedway via an online auction process. While this facility exits their portfolio, the ownership group maintains operations at several other local venues, including Ricky Dean's, Cool Crest Mini-Golf, and Joe Town Mini-Golf. The partners have simultaneously acquired the outdoor venue Volleys, which is scheduled for a business relaunch in the spring.
Timeline
The online auction listing for the speedway closed on October 26, 2026.
The venue known as Volleys is scheduled to reopen in April 2027.
Market Landscape
The divestment of the speedway reflects a broader trend of asset rotation where local operators recalibrate their portfolios to focus on specific redevelopment projects. This move marks a strategic shift from the partners to centralize their resources on their remaining St. Joseph venues.
Operators looking at local property sales should note that ownership consolidation often precedes significant capital investments elsewhere in a portfolio. For those tracking local leisure markets, the reopening of Volleys in April 2027 serves as the key indicator for the partners' next operational phase.
The takeaway
The transition of this property signals a strategic realignment of the owners' leisure assets in St. Joseph. Local operators should track the competitive dynamics of the leisure sector as the partners prepare their next venue for a spring 2027 launch.
Further reading
For more on shifts in the local commercial real estate market, browse the Saint Joseph Openings & Closings section.
Source note: This article includes information reported by KQ2 | St. Joseph, Missouri News, Weather & Sports.
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