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.
Listing Courtesy of: F.C. Tucker Company
317-902-8622
Agent licensed in IN
| Listing Id: | 22128002 |
|---|---|
| List Price: | $299,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Retail |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Half: | 0 |
| Semi Annual Property Tax Amt: | $1,152 |
| Lot Size Acres: | 0.2 |
| Waterfront?: | No |
| City: | Sheridan |
| County Or Parish: | Hamilton |
| Postal Code: | 46069 |
| Year Built: | 1955 |
| Basement: | No |
| High School District: | Sheridan Community Schools |
| Building Area Total: | 1,789 |
| MLS Area Major: | Adams |
| Current Use: | Restaurant |
| Directions: | GPS Friendly |
| Elementary School: | Sheridan Elementary School |
| High School: | Sheridan High School |
| Acres: | <1/4 Acre |
| Affectedby Disclosures: | No |
| Contact Num 1 Name: | Annie Scott |
| Contact Num 1 Phone: | 317-902-8622 |
| DPRYN: | No |
| Parking Features: | On Street |
| Price Acre: | 1495000 |
| Space Available: | 1789 |
| Trans Type: | Sale |
| Middle Or Junior School: | Sheridan Middle School |
| Original List Price: | $299,000 |
| Parcel Number: | 290132308018001002 |
| Possession: | Closing |
| Postal Code Plus4: | 1350 |
| State Or Province: | IN |
| Stories: | 1 |
| Tax Year: | 2025 |
| Utilities: | Electricity Connected, Water Connected |
| Zoning: | C1 |
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MIBOR Broker Listing Cooperative® data last updated on October 09, 2026 02:18 AM - ET
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Property Last Updated: October 09, 2026 02:18 AM - ET
