102 E Market St Mount Carroll, IL 61053

This impressive brick property anchors the heart of Mt. Carroll’s downtown Historic District, offering a blend of commercial and residential opportunities. Formerly the Mt. Carroll National Bank, the multi-use building features 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/recertified or removed 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, includes an electric fireplace, modern plumbing, all appliances, updated flooring, a gas forced-air furnace, central air, some new windows, a custom kitchen, two bedrooms, and a full bath. A special use permit is required for the main level apartment. The upper level was renovated in 2014, creating four modern apartments with new plumbing and electrical 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 property has a bituminous roof installed in 2014, and the building’s water heater was new in 2024. Additional features include a coded security door to second floor apartments and a rear fire escape. The property is approximately 3319 square feet. Deed restrictions apply. Party wall agreement. Utility easement. Subject to current leases.