LOCATION, LOCATION, LOCATION! There are many possibilities for this 1.55 acre property at the busy, improved intersection of HWY 50 and CR 900 E (Cannelburg Rd). On the property is a modest home with 2 bedrooms, 1 full bath, living room, functional kitchen/dining combo, wash room, front and back covered porches, and dry a storage basement with utilities. A 2-car garage flanks the home off the gravel driveway. Between 6,700 and 9,100 vehicles traverse this intersection daily on HWY 50 between US 231 and I-69 or access the 100's of businesses off of CR 900 E. MORE ADJACENT ACREAGE AVAILABLE to fit a broader range of commercial development. Zoned R-1 and would be subject to zone variance approval for commercial use. Adjacent available acreage is zoned A-1.
Cannelburg is located in Indiana. Cannelburg, Indiana has a population of 155. Cannelburg is less family-centric than the surrounding county with 17.5% of the households containing married families with children. The county average for households married with children is 41.16%.
The median household income in Cannelburg, Indiana is $56,094. The median household income for the surrounding county is $57,083 compared to the national median of $69,021. The median age of people living in Cannelburg is 55.2 years.
The average high temperature in July is 86.6 degrees, with an average low temperature in January of 21.4 degrees. The average rainfall is approximately 47.8 inches per year, with 11.5 inches of snow per year.
