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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!
Property Type(s):
Single Family
| Last Updated | 10/8/2026 | Tract | No Subdivision |
|---|---|---|---|
| Year Built | 1948 | Community | 609 - Boone - Jackson |
| County | Boone |
SCHOOLS
| Elementary School | Granville Wells Elementary School |
|---|---|
| High School | Western Boone Jr-Sr High School |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | None |
| AREA | 609 - Boone - Jackson |
| BASEMENT | FULL, Walk-Out Access, Yes |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Forced Air |
| INTERIOR | Eat-in Kitchen |
| LOT | 0.45 acre(s) |
| LOT DESCRIPTION | City Lot |
| PARKING | Assigned, Common, Asphalt, Guest |
| STORIES | 1 |
| STYLE | Ranch |
| SUBDIVISION | No Subdivision |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| WATER | Public |
Location
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Listed with Keller Williams Indpls Metro N
Listing information is deemed reliable, but not guaranteed.
© 2026 Metropolitan Indianapolis Board of REALTORS®
© 2026 Metropolitan Indianapolis Board of REALTORS®
This IDX solution is (c) Diverse Solutions 2026.
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