REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour

Listed by Annie Scott • F.C. Tucker Company
$ 299,000
Est. payment | /mo
1,789 SqFt
$ 299,000
Est. payment | /mo
1,789 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,789 sqft
Price per Sqft $167
MLS Listing ID 22128002
Year Built 1955
Tax Year 2025
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Retail
Property Description
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.
Location
State IN
County Hamilton
Zoning C1
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Water Connected
Building
Story 1
New Construction false
Schools
Elementary Schools Sheridan Elementary School
Middle Schools Sheridan Middle School
High Schools Sheridan High School
School District Sheridan Community Schools

© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
MORTGAGE CALCULATOR
Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.
GET MORE INFORMATION







