Excellent multi-use investment property located right in the heart of downtown Mount Carroll. Sitting on the corner lot of W. Market St and N. Main St and kitty corner from the Carroll County Courthouse, this downtown building is one of the most visible buildings in the downtown area. The main floor features a wide open retail space with rows of shelving remaining in place, men and women's restrooms, as well as back office, storage and break room areas for staff. This space is certainly not limited to retail use, and could possibly be used for office space or your own small business! Upstairs is a total of 4 apartments including (2) 2 bedroom apartments and (2) 1 bedroom apartments. The lower level has a walk out to the rear of the building, a ton of room for storage, and sliding doors to a lower level garage with alley access. The building is currently vacant of all tenants so the new owner receives full possession as of closing and has the ability to fill units on their own! This property is an excellent real estate investment with a potential of 5 income sources under one roof in a great location within the bustling downtown area of Mount Carroll!
355 days
|
161
|
10
|
Zillow last checked:
Listing updated:
Listed by:
Brandon Beyer815-275-3612,
Jim Sullivan Realty
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202505347
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 4
Heating
Baseboard, Electric, Forced Air, Natural Gas
Cooling
Central Air, Window Unit(s)
Appliances
Included: Dryer, Refrigerator, Stove/Cooktop, Oven, Washer, Electric Water Heater
Features
Has basement: Yes
Interior area
Total structure area: 7,768
Total interior livable area: 7,768 sqft
Finished area above ground: 7,768
Finished area below ground: 0
Property
Features
Levels: Two
Stories: 2
Lot
Features: County Taxes
Details
Parcel number: 050801401012
Construction
Type & style
Home type: MultiFamily
Property subtype: 3 - 4 Units
Materials
Brick/Stone, Concrete Block
Roof: Rubber
Condition
Year built: 1899
Utilities & green energy
Electric: Circuit Breakers
Sewer: City
Water: City
Utilities for property: Separate Utilities
Community & HOA
Community
Subdivision: IL
Location
Region: Mount Carroll
Financial & listing details
Price per square foot: $25/sqft
Tax assessed value: $178,317
Annual tax amount: $6,035
Price range: $192K - $192K
Date on market: 9/3/2025
Cumulative days on market: 355 days
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,042/mo
Price history
Date
Event
Price
8/18/2026
Price change
$192,000-10.3%$25/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202505347Report a problem
6/11/2026
Price change
$214,000-10.4%$28/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202505347Report a problem
4/9/2026
Price change
$238,950-10%$31/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202505347Report a problem
1/6/2026
Price change
$265,500-10%$34/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202505347Report a problem
9/3/2025
Listed for sale
$295,000$38/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202505347Report a problem
Source: NorthWest Illinois Alliance of REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.