Iron Gate Inn
Madison, OH
Offered for sale at $699,000
Nestled in the charming, historic, and vibrant tourist town of Madison, Indiana, the Iron Gate Inn, established in 2005, offers a unique blend of history and modern amenities. Madison, despite its small size, exudes the big-city personality with over 20 festivals and weekly live music events, ensuring that there’s always something happening. As a resident, Madison provides many activities to participate in while also offering the tranquility and privacy of a small town.
This turnkey business sale includes the 1850s Federalist-style building, essential furnishings, equipment, website and reservation back-office system, building automation technology, and all business operations documentation. The historic mansion, featuring a gourmet kitchen, houses a cozy 4-room B&B that is easy to manage with three rooms atop the grand staircase, and a fourth suite with a private entrance from the back garden. All rooms have individual en-suite bathrooms.
This property is an ideal choice for an owner-operator seeking a flexible lifestyle or an investor utilizing our currently employed live-in innkeeper. The spacious owners’ quarters, occupying half of the property’s 4400 square feet, provide private and comfortable living. Additionally, the Inn has the potential to be converted into a single-family home in the future, catering to various preferences and needs.
Property Details- 4 Guest Rooms
- 4 Guest Room Baths
- Has Owner's Quarters
- Built in 1850
- Last Renovated in 2023
- Opened in 2005
- Building is 4,400 SQFT
- Lot is 0.19 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at $699,000
- Occupancy Rate: 27%
- Average Daily Rate: $196
- Annual revenue is $74,000
Contact Information- To learn more contact Chad & Amy Nichols
- Email: admin@irongateinn.com
- Phone: 859-750-0601
- Phone 2: 513-673-3971
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