102 E Market St Mount Carroll, IL 61053

Located in the heart of Mt. Carroll’s downtown Historic District, this brick building offers commercial and residential opportunities. Formerly the Mt. Carroll National Bank, the multi-use building includes commercial office space with two glass-enclosed, soundproof offices, a granite and cherry reception area, a conference space, and a vault. A 1960’s Elevette three-floor elevator is currently disabled and must be reactivated and recertified or removed within the coming years, per Illinois state guidelines. The main floor units have separate heating and cooling systems but share natural gas and electric services. A main floor apartment, added in 2018, features an electric fireplace, modern plumbing, appliances, updated flooring, a gas forced-air furnace, central air, some new windows, a custom kitchen, two bedrooms, and a full bath. This unit is currently non-conforming as a residential unit but could be used as additional office space. The City of Mt. Carroll is reviewing ordinances related to main-level apartments in commercial districts. The second floor residences, renovated in 2014, include new plumbing and electrical, creating four modern apartments with separate electric services. Updates include new electrical and plumbing systems, four electric furnaces, four separate rooftop central air units, custom kitchen cabinetry with granite countertops, appliances, Pella windows with Levolor blinds, and updated flooring and baths. A shared laundry facility serves three units, while the two-bedroom apartment has its own in-unit washer and dryer as well as a dishwasher. The east half of the basement includes a vault and half bathroom with a rear alley entrance. The west side of the basement has approximately 800+ sq. ft. of unfinished space with multiple entrances, ready for conversion into an additional commercial space or residential unit. The building has a bituminous roof installed in 2014, and the water heater was new in 2024. The property has a coded security door to second floor apartments and a rear fire escape. The property is subject to current leases and deed restrictions apply. There is a party wall agreement and utility easement. The property size is 3319 square feet.