Commercial Real Estate Market in Sheridan, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
34 active listings and 220 off-market properties in Sheridan, IN. Commercial property asks $13/SF to buy and $11.88/SF/Yr to lease.
Market Trends
Sheridan, IN spans 88.4 square miles in Hamilton County, Indiana. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Sheridan, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Sheridan, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Sheridan, IN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Sheridan, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 58.6%
- Commercial 28.2%
- Residential 9.9%
- Industrial 2.1%
Largest Zones share of zoned land by district
General Agricultural
Agricultural Business
Residential Small Lot
General Commercial
Residential Large Lot
General Agricultural (AG1)
The General Agriculture District is intended to provide for and protect substantial areas for a broad variety of Agricultural Uses where little or no urbanization has occurred or is planned to occur
Market overview
Demographics & Economy
Sheridan, IN has 7,012 residents in 3,054 households. Density runs 79 people per square mile. Median household income here is $70,784 and median gross rent $861 a month.
7,012
Population
3,054
Households
2.3
Avg Household Size
42
Median Age
26%
College-Educated
93%
High-School Grad
88.4 sq mi
ZIP Area
79
Density / Sq Mi
$70,784
Median Household Income
$46,042
Median Earnings
$861
Median Rent
$243,400
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Sheridan?
Commercial property in Sheridan, IN asks an average of $13 per square foot. The 3 most recent recorded sales traded at a median of $104/SF.
How much does it cost to lease commercial space in Sheridan?
Asking lease rates in Sheridan, IN average $11.88 per square foot per year.
Where does Realmo's Sheridan market data come from?
Realmo compiles Sheridan, IN figures from 3 recent recorded sales, 29 active sale listings, 5 active lease listings, 220 tracked off-market properties, the current Sheridan zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 29 active for-sale and 5 active for-lease listings in Sheridan, IN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 11,662 zoned acres across 10 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
