According to the United States Census Bureau, the village has a total area of, of which is land and is water. The Sheridanpost office, with ZIP code 48884, also serves portions of the four surrounding townships: Evergreen Township to the northeast, Bushnell Township to the southeast, Fairplain Township to the southwest, and Sidney Township to the northwest, as well as part of Crystal Township to the east of Evergreen, Bloomer Township to the east of Bushnell, and Montcalm Township to the west of Sidney.
As of the census of 2010, there were 649 people, 277 households, and 186 families residing in the village. The population density was. There were 308 housing units at an average density of. The racial makeup of the village was 95.2% White, 0.6% African American, 1.8% Native American, 0.5% Asian, 0.2% from other races, and 1.7% from two or more races. Hispanic or Latino of any race were 1.7% of the population. There were 277 households of which 29.2% had children under the age of 18 living with them, 49.8% were married couplesliving together, 13.7% had a female householder with no husband present, 3.6% had a male householder with no wife present, and 32.9% were non-families. 28.9% of all households were made up of individuals and 13.4% had someone living alone who was 65 years of age or older. The average household size was 2.34 and the average family size was 2.83. The median age in the village was 41.9 years. 23.3% of residents were under the age of 18; 7.1% were between the ages of 18 and 24; 23.2% were from 25 to 44; 25.9% were from 45 to 64; and 20.6% were 65 years of age or older. The gender makeup of the village was 46.1% male and 53.9% female.
2000 census
As of the census of 2000, there were 705 people, 304 households, and 207 families residing in the village. The population density was 767.1 per square mile. There were 324 housing units at an average density of 352.6 per square mile. The racial makeup of the village was 97.16% White, 0.99% African American, 0.43% Native American, 0.43% from other races, and 0.99% from two or more races. Hispanic or Latino of any race were 0.99% of the population. There were 304 households out of which 29.9% had children under the age of 18 living with them, 50.3% were married couples living together, 12.8% had a female householder with no husband present, and 31.9% were non-families. 28.3% of all households were made up of individuals and 13.5% had someone living alone who was 65 years of age or older. The average household size was 2.32 and the average family size was 2.81. In the village, the population was spread out with 24.7% under the age of 18, 8.8% from 18 to 24, 24.1% from 25 to 44, 24.0% from 45 to 64, and 18.4% who were 65 years of age or older. The median age was 40 years. For every 100 females, there were 89.5 males. For every 100 females age 18 and over, there were 88.3 males. The median income for a household in the village was $30,556, and the median income for a family was $40,536. Males had a median income of $31,167 versus $22,125 for females. The per capita income for the village was $16,781. About 7.8% of families and 9.6% of the population were below the poverty line, including 4.1% of those under age 18 and 12.4% of those age 65 or over.
Landmarks
Sheridan was formerly known for its historic water tower. The importance of the water tower was so significant that, when it was demolished in recent years, the village chose to paint an image of the historic water tower on the new one.