c.1915 Indiana Schoolhouse For Sale $79K

8th St, Cannelton, IN 47520   $79,000

If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended. 

Contact Realtor: Patricia Seibert

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Pros of Living in Cannelton, IN

1. Affordable Cost of Living
Cannelton boasts a cost of living approximately 17% lower than the national average. Housing is particularly affordable, with median home values around $71,707, significantly below both state and national averages .

2. Low Crime Rates
The city experiences crime rates 61% lower than the national average, with violent crimes 56% below the national average, contributing to a sense of safety among residents

3. Tight-Knit Community
With a population of approximately 1,361, Cannelton offers a close-knit community atmosphere, where neighbors often know each other, fostering strong social ties

4. Scenic Location
Situated along the Ohio River, Cannelton provides picturesque views and opportunities for outdoor activities such as fishing and boating.

5. Historical Charm
The city is rich in history, featuring landmarks like the Cannelton Cotton Mill, adding to its unique character and appeal.

Cons of Living in Cannelton, IN

1. Limited Employment Opportunities
The median household income in Cannelton is approximately $38,281, which is 38% lower than the state average. Employment opportunities within the city are limited, potentially requiring residents to commute to nearby areas for work

2. Limited Amenities and Services
As a small town, Cannelton has limited access to amenities such as shopping centers, restaurants, and healthcare facilities. Residents often travel to larger cities for these services

3. Educational Challenges
The city faces educational challenges, with lower than average education levels and school test scores, as well as limited access to local elementary and high schools

4. Infrastructure Limitations
Public transportation is not readily available in Cannelton, and the average commute time to work can be longer than the national average, necessitating personal vehicles for most residents

5. Healthcare Accessibility
Access to specialized medical care may require traveling to larger cities, as local healthcare facilities are limited

Built in 1915, St. Michael’s School functioned as a Catholic school until approximately the mid-1970s, after which the public school district repurposed it as an elementary school. It appears to have closed around 1980.