Coldwell Banker McMahan

Description

Amazing 2 story boutique Inn on the River in historic Madison, In. The main Inn and Suites boasts 59 rooms with river views from many of the rooms and sits on 5.5 acres. It has a bar, multiple decks and ample outdoor entertainment spaces including a pool. The property has an attractive ROI with room to grow. The Inn has been consistently rated #1 on Trip Advisor and has many repeat clients.The owner has recently had a power supply run to the lower 2 acre riverfront lawn to support more opportunities such as RV parking, food truck, beer garden, concerts, festivals etc. There are too many possibilities to list for this property. Over 80% of the iconic Inn has been renovated as ownership has injected over $1.6 million into renovations over the last 7years and continues to do so to this day. The city of Madison has been designated a Steller Community which provides attractive incentives in addition to the TIF opportunities.

Details

MLS#201807898
Sub-TypeResale
StatusActive
Year1956
Days On Site131

Features

SQ Feet7,247
Story(s)1

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Area Information

StateIN
CountyJefferson_IN
CityMadison
Zip Code47250
AreaJefferson_IN
Listing VS Median (in 47250)
Price:
$2,900,000
low | high
Med:
$193,900
100% of Average
SqFt:
7,247
low | high
Med:
2,811
100% of Average
$ / SqFt:
$400
low | high
Med:
$69
100% of Average
On Site:
131
low | high
Med:
172
76.162790697674% of Average
Listing Updated: 08/13/2018
MLS Number: 201807898
Listing Provided By:
Kenneth Capps  of  Real Estate Unlimited
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