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507 E 7th Street

Sheridan, IN 46069

ActiveListed Oct 7, 2026 · 1 day on market

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
On Street

Systems

Utilities
Electricity ConnectedWater Connected

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

$1,804per month, estimated
Principal and interest $1,507Property tax $192Insurance $105
20% · $59,800
6.47%
Loan type
Loan term

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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Listed at$299,000
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