Key facts
- Living area
- 1,789 sqft
- Lot
- 0.2 acres
- Year built
- 1955
- Type
- Commercial Sale · Retail
- MLS #
- 22128002
- County
- Hamilton
- Total building area
- 1,789 sqft
About this home
Bring your vision to 507 E 7th Street in Sheridan. Set on a highly visible corner lot, this 1,789 SF commercial property offers a rare opportunity to own an established location in a community where small businesses, neighbors, and local connections still matter. Previously operated as a restaurant, the property offers a strong starting point for a new owner - including a walk-in cooler and a layout that can be reimagined for a wide range of uses. Restaurant, cafe, bakery, catering, retail, office, service business, boutique, or something entirely new - the possibilities are limited more by your imagination than the building itself. Buyer to verify permitted uses and zoning requirements. But the opportunity isn't just the building. It's Sheridan. A charming Hamilton County community with a small-town feel and an easy connection to the surrounding Indianapolis metro area, Sheridan offers the kind of setting where businesses can become part of the community rather than simply another storefront. Historic streets, local businesses, nearby schools, community events, and a strong sense of place give this area a character that can't be replicated by a new commercial development. Imagine opening the cafe you've always wanted. Creating a neighborhood gathering place. Launching your next business. Or transforming the space into something Sheridan hasn't seen before. The building is here. The corner location is here. The community is here. Now it's your turn to decide what's next.
Description provided by the listing brokerage.
Exterior
- Parking and garage
Systems
- Utilities
Lot and HOA
- Zoning
- C1
Schools
- Elementary school
- Sheridan Elementary School
- Middle school
- Sheridan Middle School
- High school
- Sheridan High School
- School district
- Sheridan Community Schools
Taxes
- Estimated annual tax
- $2,304 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.
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