Iron Gate Inn

Madison, Indiana
www.cbharrellandassociates.com/idx/listing/IN-SI
Add to Favorites
Property Type
Bed & Breakfast / Inn
Guest Rooms
4
Baths
5
Restaurant
No
Owners Quarters
Yes
Asking Price
$479,900

Occupancy Rate
NA%
Average Daily Rate
$165
Gross Revenue
NA
Gross Revenue Multiplier
NA

Property Overview

Longest running Bed and Breakfast in beautiful Madison, Indiana. Over 1,500 buildings on approximately 133 blocks of National Historic Landmark District!


Property Description

One of the most unique properties & businesses in historic downtown Madison could be yours! This home was built in 1840, has been extremely well preserved and has amazing historical features including original hardwood floors, original light fixtures, 12 ft. tall Jefferson windows and much more. The updated kitchen is married beautifully with the style of the home and is STUNNING with lighted glass cabinets and granite countertops. The kitchen is fully equipped to serve each guest.


Business Description

In addition to the 4 spacious guest-rooms , each with their own private full bath, there are separate living quarters for owner on the main floor. For decades Madison, Indiana has attracted many families with its downtown historic appeal. Tourists from around the world have traveled in to enjoy and take advantage of the many festivals and events that happen throughout the year. Perfectly located a few blocks from the beautiful riverfront.


Reason for Selling

Owner has enjoyed developing this successful business but is ready to start a new chapter & retire


Terms & Asking Price

Arms Length, turn key