$3,550,000

906 E 1st Street

Madison IN, 47250

Description

The Riverboat Inn and Suites is a 2-story building overlooking the river with 21 rooms and a lounge and is currently the only riverfront hotel property in Madison. With expansive views of the river and a large outdoor venue of patios, enclosed heated porches and grassy play areas, this makes for a great event venue. On the same property is the Pilot House with an additional 5 rooms and outdoor pool. All rooms have 2 beds and are individually decorated. Rooms feature flat screen TVs, pillow top beds, fireplaces, hardwood floors, mini refrigerator, microwave and wi-fi. Included in the Riverboat Inn and Suites and within walking distance of the main building are the Paddlewheel and Captains Quarters. The Paddlewheel features 24 1-bedroom rooms, exterior corridor and an outdoor patio area. The Captains Quarters has 9 condos with an interior corridor (1) 1BR/1BA, (2) 2BR/1BA, (4) 2BR/1.5BA, (1) 3BR/1BA and (1) 4BR/2.5BA. Included in the sale of the property is a FULL Bar liquor license, 7 passenger shuttle van and 6 passenger golf cart. The festivities of Madison are almost weekly with the largest events including Chautauqua for the Arts, Madison Regatta, Madison Ribberfest BBQ and Blues, Soup, Stew, Chili and Brew, Candlelight Tours and many more. 10 minutes from 2 Public Golf Courses and Hospital, 30 minutes from Belterra Casino and Resort and 50 minutes from CVG and SDF Airports.

Details

MLS#202005805
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1956
Days On Site12

Features

SQ Feet28,860
Story(s)1

Loading Form

Loading Form

Area Information

StateIN
CountyJefferson_IN
CityMadison
Zip Code47250
AreaJefferson_IN
Listing VS Median (in 47250)
Price:
$3,550,000
low | high
Med:
$154,950
100% of Average
SqFt:
28,860
low | high
Med:
894
100% of Average
$ / SqFt:
$123
low | high
Med:
$45
100% of Average
On Site:
12
low | high
Med:
54
22.222222222222% of Average
Listing Updated: 02/22/2020
MLS Number: 202005805
Listing Provided By:
Jim Pruett  of  eXp Realty LLC