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Mixed-Use Building with Apartments
For Sale
$192,000

101 W Market Street, Mount Carroll, IL 61053

MULTIFAMILY, MOUNT CARROLL, IL

Property Size7,768 SF
Price / SF$24.72
Days on Market379

Property Features for 101 W Market Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 4, Bathroom 3, Basement, Bedroom 3, Bathroom 4, Bathroom 1
Appliances Dryer, Refrigerator, Stove/Cooktop, Oven, Washer
Elementary school West Carroll
Middle school West Carroll
High school West Carroll
Elementary school district West Carroll
Middle school district West Carroll
High school district West Carroll
Subdivision Carroll County
Standard status Active
APN 050801401012
Size 7,768 SF

Taxes and HOA fees

Tax Year 2024
Tax Description Per title.
Tax Annual Amount 6035
Legal Description Per title.

Utilities

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

Building Details

Year built 1899
Floors in Building 2
Number of units 4
Roof type Rubber
Listing Agency: JIM SULLIVAN REALTY
Listed By: Brandon Beyer · License #471021761
Added: Sep 3, 2025 Changed: Sep 15 Last Checked: Sep 16 at 5:06AM
MLS# 202505347

Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 101 W Market Street in Mount Carroll, this 7,768-square-foot mixed-use building combines a ground-floor commercial area with four upstairs apartments. The main level includes an open retail layout, shelving, separate men’s and women’s restrooms, office space, storage, and a staff break room. The residential component consists of two two-bedroom apartments and two one-bedroom apartments.

The lower level provides substantial storage, a rear walkout, and sliding-door access to a garage reached from the alley. Built in 1899, the property has a rubber roof, central air and window-unit cooling, and forced-air, baseboard, natural gas, and electric heating systems. The building is currently vacant, allowing the next owner to take possession at closing. Its corner position at W. Market Street and N. Main Street places it near the Carroll County Courthouse in downtown Mount Carroll.

Key Highlights

  • 7,768‑square‑foot mixed‑use building at 101 W Market Street
  • Four upstairs apartments: 2 two‑bedroom units and 2 one‑bedroom units
  • Main floor includes open retail area, restrooms, office, storage, and break room

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Building Supply Dental Office Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

149
Businesses Nearby

Demographics for 61053, IL

2,542
Population
1,399
Households
1.8
Avg Household Size
51
Median Age
25%
College-Educated
91%
High-School Grad
107.7 sq mi
ZIP Area
24
Density / Sq Mi
$61,932
Median Household Income
$36,034
Median Earnings
$763
Median Rent
$105,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level commercial property with retail space, four apartments, storage, and a lower-level garage.
Where is this mixed-use property located?
The property is located at 101 W Market Street Mount Carroll, IL.
What is the asking price?
The asking price for this property is $192,000.
What are key features of this property?
This property features: 7,768‑square‑foot mixed‑use building at 101 W Market Street; Four upstairs apartments: 2 two‑bedroom units and 2 one‑bedroom units; Main floor includes open retail area, restrooms, office, storage, and break room
More about this property
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