Address Not Available By Request

    Madison, IN 47250
    • $2,900,000
    • STATUS: Active
    • ON SITE: 172 days
    • ID#: 201807898
    UPDATED: 174 min ago
    $2,900,000
    • 0
      BEDS
    • 4.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,247
      SQFT
    • $400
      $/SQFT
    Type:
    Commercial
    Built:
    1956
    County:
    Area:

    School Ratings & Info

    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.

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    © 2018 Southern Indiana Realtors Association. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Stiller Group. Data last updated: 2018-09-25T00:04:51.71.
    www.thestillergroup.com/homes/82335859

    Address Not Available By Request Madison, IN 47250

    • Price: $2,900,000
    • Status: Active
    • Updated: 174 min ago
    • ID#: 201807898
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.24
    Acres
    7,247
    SQFT
    $400
    $/SQFT
    1956
    Built
    County:
    Jefferson_In
    Area:
    Madison
    Property 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.
    Exterior Features

    Construction ExistingFrame On-Site Lot Square Footage 184650.84 Numberof Parking 39.00 Road Frontage 444

    Interior Features

    Office Area Sqft 200 Total Finished Square Footage 0

    Property Features

    Additional Parking Off Street Annual Tax 11022 Commercial Property Sub Type HospitalityRestaurant Improvements 272300 Land Assessment 127200 Sign Yn No Township Madison Type Of Poss Sale Arms Length Variable Rate Yn No

    Listing courtesy of Kenneth Capps at Real Estate Unlimited.


    © 2018 Southern Indiana Realtors Association. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Stiller Group. Data last updated: 2018-09-25T00:04:51.71.
     
    The Stiller Group
    4206 Charlestown Rd Ste 200
    New Albany IN, 47150