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Mount Carroll, IL Apartment Buildings for Sale

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Mt Carroll, IL Lake Carroll, IL Savanna, IL Thomson, IL Sabula, IA Shannon, IL Pearl City, IL Stockton, IL
Mixed-Use Brick Office and Apartments
Updated: May 8, 2025
Mixed-Use Brick Office and Apartments

102 E Market Street, Mount Carroll, IL 61053

$399,000
6,638 sqft
Historic brick cornerstone mixed‑use building anchored in Mt. Carroll’s downtown Historic District; originally built in 1870
Commercial office space with 2 glass‑enclosed soundproof offices, granite/cherry reception area, conference space, and vault; includes a 3‑floor Elevette elevator (disabled)
Main floor apartment added in 2018 with 2 bedrooms and a full bath; gas forced‑air furnace, central air, updated flooring/plumbing, custom kitchen, and all appliances
Second‑floor residences renovated in 2014 into 4 apartments with new plumbing/electrical, 4 electric furnaces, 4 rooftop central air units, Pella windows, and updated kitchens/baths
Basement features east half with vault and half bath accessed from the rear (north) alley; west side has 800+ SF unfinished with multiple entrances for conversion
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Mount Carroll, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Maintenance-Free 55+ Cooperative Living
Maintenance-Free 55+ Cooperative Living

2592 MIDDLE Road #204, Bettendorf, IA 52722

$149,000
1,319 sqft

Secure, maintenance-free cooperative living for those 55 and better.

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Maintenance-Free Cooperative Living
Maintenance-Free Cooperative Living

2592 MIDDLE Road #122, Bettendorf, IA 52722

$157,500
1,797 sqft

Secure, maintenance-free cooperative living for those 55 and better.

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Brick Mixed-Use Income Property
Brick Mixed-Use Income Property

1735 Central Avenue, Dubuque, IA 52001

$350,000

A fully rented mixed-use brick building with one storefront and four apartments, supported by multiple utilities and a full basement.

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Dubuque Multifamily Investment Opportunity
Dubuque Multifamily Investment Opportunity

2535 Central Avenue, Dubuque, IA 52001

$1,050,000

19-unit multifamily property with recent capital improvements in Dubuque, Iowa.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Development Land, Springfield MO
Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000
29.20 AC lot

29.2 acres of retail-zoned land for mixed-use development.

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Asheville Development Opportunity: 5.94 Acres
Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000
5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Commercial Buildable Land Parcel
Commercial Buildable Land Parcel

801 NW 36th Avenue, Norman, OK 73072

$250,000
0.74 AC lot

Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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Buildable Lot for Luxury Condos
Buildable Lot for Luxury Condos

801 36th Ave NW, Norman, OK 73072

$285,000
0.74 AC lot

0.74 acre buildable lot zoned for low-density apartments.

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Mount Carroll, IL Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in Mount Carroll, IL on our real estate platform. These investment opportunities span a total of 6,638 square feet of properties for sale, with an estimated market value of $399,000.

Sale prices for two-family homes in Mount Carroll, IL start at $399,000, averaging $399,000, and reaching up to $399,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 2,902
Population Growth (5Y) +11.1%
Median Household Income $61,932
College Educated 31.5%

High-Yield Neighborhoods for Investment

Identify Mount Carroll submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
61053 $399K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Carroll County

New Delisted

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