- 1,789
- sqft
- 1955
- year built
- Status:
- Active
- MLS #:
- 22128002
- County:
- Hamilton
- Listed By:
- Annie Scott - F.C. Tucker Company
- Agent Phone:
- (317) 843-7766
- Agent Email:
- Annie.Scott@talktotucker.com
Sponsoring Broker: Derek Eisenberg, Continental Real Estate Group, Inc
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.
Highlights
- Commercial Sale
- Retail
- Built in 1955
- 0.2 Acre Lot
- 35 days on Market
-
- Year Built
- 1955
-
- Stories
- 1.0
-
- Parking Features
- On Street
-
- Acres
- 0.2
-
- Utilities
- Electricity Connected, Water Connected
-
- Area
- 2916 - Hamilton - Adams
-
- County
- Hamilton
-
- City
- Sheridan
-
- Zip Code
- 46069
-
- High School
- Sheridan High School
-
- Middle School
- Sheridan Middle School
-
- Elementary School
- Sheridan Elementary School
-
Nearby Schools
-
56out of 100
Public School for 507 E 7th St, Sheridan, IN 46069
Grades: Elementary
Distance: 0.99 mi
-
48out of 100
Public School for 507 E 7th St, Sheridan, IN 46069
Grades: Middle
Distance: 0.52 mi
-
55out of 100
Public School for 507 E 7th St, Sheridan, IN 46069
Grades: High
Distance: 0.53 mi
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
-
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Price History
| 10/07/2026 | Listed | $299,000 |
| Source: MIBOR Broker Listing Cooperative #22128002 | ||
Source: MLS Data
Deed History
| 10/10/2022 | Warranty Deed | $21,915 |
Source: Public records via Constellation Data Labs
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Similar Listings
Look Throughout Sheridan
There are currently 57 properties available in Sheridan, with 0 under contract to close soon. Properties in the city have an average sale price of $590,839 and typically spend 61 days on the market before being sold.
Want to compare this property to others available for sale in the area? Use our search to find exactly what you want among our 2,000,000+ listings and to see incredible photos to show you what is possible.
With 18 zip codes in Hamilton County, you have many options in the area. Be sure to claim your free ez Home Search account to make sure you get alerts when a property that meets your needs becomes available.
Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 507 E 7th St?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 507 E 7th St.
They know commercial sales in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 507 E 7th St?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $299,000. We can talk through recent upgrades, potential seller motivation, how this retail compares to others in Sheridan, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 507 E 7th St?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 507 E 7th St at around $1,702. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 507 E 7th St?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Hamilton County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 507 E 7th St?
In most cases, yes. Whether 507 E 7th St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Sheridan's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 507 E 7th St?
We can handle that for you. Our preferred local agent specializes in commercial sales in Sheridan and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $299,000 with 1,789 sqft of space—that comes out to approximately $167 per square foot.
How long has this property been on the market?
507 E 7th St was listed on October 07, 2026, which means it's been on the market for 35 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1955, making it approximately 71 years old.
What is the lot size of this property?
507 E 7th St sits on a 0.2-acre lot, which is 8,712 square feet.
What schools are assigned to this property?
Based on MLS info, this home is zoned for:
- Elementary: Sheridan Elementary School
- Middle: Sheridan Middle School
- High: Sheridan High School
Want to see how these schools compare? Check out our Hamilton County School Guide to see ratings, reviews, and more for the schools in the area.
Is 507 E 7th St still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Based on information submitted to the MLS GRID as of November 11, 2026 at 05:17AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
