The structure was erected circa 1826 for Dudley Woodbridge, the first merchant of the Northwest Territory, a dealer in dry goods. After his business prospered, he moved to larger headquarters. The building then became a hotel to accommodate the river travelers and in 1911 a one-story addition was added which became a saloon. The hotel, named The Golden Eagle became very popular with travelers. At one time, it was also known as La Belle Hotel.

Local legend states that this building at one time had a brothel. A young man was upset with his father frequenting the establishment and tarnishing his family name so he decided to put an end it it and kill his father. Some say it was by shooting while others have claimed it was with an axed. There have been reports of a shadow figure who enters through the back of the building and has been seen throughout. Some say it is the spirit of this man still looking for some company.