This gristmill was built in 1843 by Edward Thompson. It was originally known as the Tunnel Mill. A hill stood between the mill and White Oak Creek, so two tunnels were dug out. One tunnel was used as a millrace and the other was used as a tailrace. A large waterwheel was located in the bottom section of the mill. The top two sections were used as storage. This mill was capable of grinding 50 barrels a day. It also had the capacity to store 12,000 bushels of grain.

Frederick Shuster purchased the mill in 1883. He installed a steam engine as an alternative power source. Shuster would convert it over to steam power when the water supply wasn't sufficient. The mill became known as Shuster's Mill from then on.