''The School House'' is an iconic 2.5 story building originally designed as an island elementary school in the early 1900s. This architectural gem has been very well maintained and includes all the elements one might expect from a building of this era--large windows, fantastic natural light, high ceilings, wood floors, graciously sized rooms, and a granite foundation. The first floor has the original vestibule with a lovely rounded wall, separate office space with new wood floor, 1/2 bath, and a very spacious and flexible open area that has been used as an artist's studio, gallery, and exercise studio. Upstairs are two apartments--the second floor apartment is approximately 1000 square feet and includes a custom built kitchen, an open dining and living area, sleeping area, and full bath. With minimal effort another bedroom space could be configured. This apartment has large windows, fabulous light and views, and refinished wood floors. Also on the second floor is a spacious shared laundry area. The top level has a sweet one bedroom apartment with a galley kitchen, dining/ living area, and full bath. A loft space is perfect for extra guests or storage. Many rooms enjoy distant views of Indian Creek, and all have been freshly painted. Outside are many antique apple trees, a grassy side lawn, and plenty of room for parking. Property abuts ''the Old Ball Ground'', a favorite spot for skating in the winter and a bird sanctuary in the summer. Public water and sewer, metal roof, insulated, and a 200 amp electrical service. Keep as a turn-key income producing property or convert into an interesting multi-level residence. The design options are endless. A rare opportunity to own a lovingly maintained building and important piece of Vinalhaven history!