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    101 W Market St Mount Carroll, IL 61053

    For Sale
    $295,000

    3 - 4 Units - MOUNT CARROLL, IL

    Days on Market:
    102
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 101 W Market St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    050801401012
    Interior features
    County Taxes
    Appliances
    Cooktop, Dryer, Refrigerator

    Utilities

    Heating system
    Baseboard, Electric (Heating), Forced Air, Natural Gas
    Cooling system
    Central Air, Window Unit(s)

    Building Details

    Building materials
    Block, Brick, Concrete, Stone
    Roof type
    Rubber
    Architectural style
    Other

    Jim Sullivan Realty (815) 947-9040 [email protected]

    Listing agent BRANDON BEYER (815) 947-9040 License #471021761

    Listing date Sep 3, 2025

    MLS# 202505347 Listing URL

    Copyright © 2025 Rockford Area MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Use Investment Property in Downtown

    Located in the heart of downtown Mount Carroll, this multi-use investment property occupies a corner lot at the intersection of W. Market St and N. Main St, near the Carroll County Courthouse. The building features a main floor retail space with shelving, restrooms, back office, storage, and a break room. This space could also be used for office space or a small business. The upper level contains four apartments, including two 2-bedroom units and two 1-bedroom units. The lower level has a walk-out to the rear of the building, storage space, and sliding doors to a lower-level garage with alley access. The building is currently vacant, offering the new owner the ability to fill the units. This property presents an investment opportunity with the potential for multiple income streams in a downtown location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Carroll
    County
    Carroll
    State
    Illinois
    Longitude
    -89.979079
    Latitude
    42.101568

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    FAQs

    What type of property is this?
    Mixed-use property - Downtown Mount Carroll multi-use property with retail space and apartments.
    Where is this mixed-use property located?
    The property is located at 101 W Market St Mount Carroll, IL.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Prime downtown location on a highly visible corner lot near the courthouse.; - Multi-use investment property with potential for 5 income streams.; - Includes a large, versatile main floor retail/office space.
    (815) 947-9040
    Request Owner's contact information
    101 W Market St Mount Carroll, IL 61053
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    Mount Carroll, IL 61053
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 W Market St Mount Carroll, IL 61053
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