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822 E Main

Jamestown, IN 46147

ActiveListed Oct 8, 2026 · 1 day on market

Key facts

Lot
0.45 acres
Year built
1948
Type
Residential Income · Duplex
Stories
One
MLS #
22130445
County
Boone
Subdivision
No Subdivision

About this home

You must see this incredible opportunity in a great location in downtown Jamestown. Right across from the nature park and just down the street from everything downtown Jamestown has to offer lies the former American Legion Building. This massive well-built building offers up 2400sf on the fully finished main level, 2400sf of unfinished basement space below and over 10,000sf of paved asphalt parking. Once inside you will find two large banquet halls, each with its own separate entrance to the exterior, its own full bathroom and one shared full kitchen. Downstairs you will find 2 large rooms, each with its own separate entrance to the exterior and its own half bathroom. The building currently has dual HVAC systems with two gas furnaces, baseboard heat, two central A/C units, gas water heater, 200amp electrical service and a basement sump pump. Property is zoned Residential (R2) with current permitted uses of single family residential or 2 unit multifamily residential. Though the property can be converted to a triplex or quad multifamily by applying for state approvals. Seller is currently pursuing permitting to convert building to a duplex with 3 bedrooms in each main floor unit, and already has architectural renderings of the building as a triplex completed, see attached drawings. This incredible building offers up tons of square footage, open space, parking, future uses and flexibility to become your next great investment. Property is a fixer-upper and will need TLC. Come see it today!

Description provided by the listing brokerage.

Interior

Basement
FullUnfinishedWalk-Out Access
Laundry
Connections Some
Condition
Fixer

Exterior

Roof
Asphalt
Construction
Vinyl Siding
Foundation
Block
Style
Ranch
Parking and garage
AssignedCommonAsphaltGuest

Systems

Heating
Forced Air
Cooling
Central Air

Lot and HOA

Lot features
City LotCurbsSidewalksStreet LightsMature Trees

Schools

Elementary school
Granville Wells Elementary School
High school
Western Boone Jr-Sr High School
School district
Western Boone Co Com Sch Dist

Taxes

Estimated annual tax
$1,760 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$955per month, estimated
Principal and interest $756Property tax $147Insurance $52
20% · $29,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$149,900
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