Historic Corner Restaurant
For Sale
$249,000
101 N 7th Street, Cannelton, IN 47520
COMMERCIAL - Cannelton, IN
Property Size3,564 SF
Lot Size0.16 Acres
Price / SF$69.87
Days on Market58
Property Features for 101 N 7th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
3,564 SF
Lot size
0.16 Acres
Building Details
Year built
1861
Listing Agency:
Indiana Realty Group
(812) 547-7653
Listed By:
Patricia Seibert
Added: Jul 6
Changed: Aug 4
Last Checked: Sep 1 at 6:06PM
MLS# 11871104
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The F.H. Clemens Building is a historic sandstone-and-brick structure originally built in 1861 and later restored with modern updates. The 2012 renovation included a new storefront, updated main-level windows, and radiant-heated floors. Upper-level finishes include hardwood flooring made from reclaimed gym bleachers from Evansville schools. The property has operated in retail and food-and-beverage uses over time, including as the home of Rhythm Coffee and Magnolia Coffee.
Located at 101 N 7th Street in Cannelton, Indiana, the building sits prominently on a main corner along Highway 66 in downtown Perry County. Its distinctive presence continues to anchor the streetscape, with both main-level and upstairs spaces maintained following extensive structural work completed during the restoration.
Located at 101 N 7th Street in Cannelton, Indiana, the building sits prominently on a main corner along Highway 66 in downtown Perry County. Its distinctive presence continues to anchor the streetscape, with both main-level and upstairs spaces maintained following extensive structural work completed during the restoration.
Key Highlights
- Historic F.H. Clemens Building built in 1861 with sandstone and brick construction
- Renovated and restored in 2012 with a new storefront and updated main‑level windows
- Radiant‑heated floors added during the 2012 transformation
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 47520, IN
3,230
Population
1,407
Households
2.3
Avg Household Size
41
Median Age
12%
College-Educated
91%
High-School Grad
81.2 sq mi
ZIP Area
40
Density / Sq Mi
$52,969
Median Household Income
$43,333
Median Earnings
$729
Median Rent
$140,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Rhythm Coffeehouse — 101 7th St, Cannelton, IN 47520
Frequently Asked Questions
What type of property is this?
Coffee shop - Sandstone and brick historic building renovated in 2012, with new storefront, updated windows, and radiant-heated main-level floors.
Where is this coffee shop located?
The property is located at 101 N 7th Street Cannelton, IN.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Historic F.H. Clemens Building built in 1861 with sandstone and brick construction; Renovated and restored in 2012 with a new storefront and updated main‑level windows; Radiant‑heated floors added during the 2012 transformation
