Riverfront Hotel and Event
For Sale
$2,900,000
906 1st Street, Madison, IN 47250
Riverfront 2-story hotel with 21 rooms, lounge, patios, and an on-site bar liquor license included.
Property SizeContact for details
Days on Market3298
Property Features for 906 1st Street
General Information
Standard status
Active
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$19,901
Amenities
3
Building Details
Year Built
1956
Listing Agency:
eXp Realty, LLC
(812) 701-1000
Listed By:
Jim Pruett · License #RB14034779
(812) 701-1000
Source:
Xome
Added: Aug 1, 2017
Changed: Aug 8
Last Checked: Aug 11 at 5:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC
Investment Insights
Based on property information with market context.
The Riverboat Inn and Suites is a 2-story riverfront property with 21 rooms and a lounge. Guest accommodations are individually decorated and equipped with flat screen TVs, pillow top beds, fireplaces, hardwood floors, mini refrigerator, and microwave, with in-room Wi-Fi. The property also features outdoor patios, enclosed heated porches, and grassy play areas that support on-site hosting.
On the same property is the “Pilot House,” which includes an additional five rooms plus an outdoor pool. The Paddlewheel, included within walking distance of the main building, offers 24 1-bedroom rooms with an exterior corridor and an outdoor patio area. The Captain’s Quarters includes nine condos with an interior corridor, comprising a mix of 1BR/1BA, 2BR/1BA, 2BR/1.5BA, 3BR/1BA, and 4BR/2.5BA units.
Included with the sale are a full bar liquor license, a 7-passenger shuttle van, and six passenger golf carts. The property remarks also note frequent area events and proximity to public golf courses and a hospital, with additional regional access to Belterra Casino and Resorts and nearby airports.
On the same property is the “Pilot House,” which includes an additional five rooms plus an outdoor pool. The Paddlewheel, included within walking distance of the main building, offers 24 1-bedroom rooms with an exterior corridor and an outdoor patio area. The Captain’s Quarters includes nine condos with an interior corridor, comprising a mix of 1BR/1BA, 2BR/1BA, 2BR/1.5BA, 3BR/1BA, and 4BR/2.5BA units.
Included with the sale are a full bar liquor license, a 7-passenger shuttle van, and six passenger golf carts. The property remarks also note frequent area events and proximity to public golf courses and a hospital, with additional regional access to Belterra Casino and Resorts and nearby airports.
Key Highlights
- Riverfront 2‑story hotel building with 21 rooms and a lounge
- On‑site Pilot House includes an additional 5 rooms and an outdoor pool
- Paddlewheel features 24 1‑bedroom rooms with an exterior corridor and outdoor patio area
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 47250, IN
22,596
Population
10,534
Households
2.1
Avg Household Size
42
Median Age
19%
College-Educated
89%
High-School Grad
211.4 sq mi
ZIP Area
107
Density / Sq Mi
$56,667
Median Household Income
$36,950
Median Earnings
$857
Median Rent
$179,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Riverfront 2-story hotel with 21 rooms, lounge, patios, and an on-site bar liquor license included.
Where is this hotel located?
The property is located at 906 1st Street Madison, IN.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Riverfront 2‑story hotel building with 21 rooms and a lounge; On‑site Pilot House includes an additional 5 rooms and an outdoor pool; Paddlewheel features 24 1‑bedroom rooms with an exterior corridor and outdoor patio area
