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$238,950 -$26,550 (-10%) Price Reduced
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Property Description
Listing office does not hold EM-TBD w accepted offer. Upstairs apartments have separate electric meters. Apartments are electric heat and window AC units. Main floor is forced air and central AC. All appliances in apartments may stay. Excellent multi-use investment property located right in the heart of downtown Mount Carroll. Sitting on the corner lot of W. Market St and N. Main St and kitty corner from the Carroll County Courthouse, this downtown building is one of the most visible buildings in the downtown area. The main floor features a wide open retail space with rows of shelving remaining in place, men and women's restrooms, as well as back office, storage and break room areas for staff. This space is certainly not limited to retail use, and could possibly be used for office space or your own small business! Upstairs is a total of 4 apartments including (2) 2 bedroom apartments and (2) 1 bedroom apartments. The lower level has a walk out to the rear of the building, a ton of room for storage, and sliding doors to a lower level garage with alley access. The building is currently vacant of all tenants so the new owner receives full possession as of closing and has the ability to fill units on their own! This property is an excellent real estate investment with a potential of 5 income sources under one roof in a great location within the bustling downtown area of Mount Carroll!
Full Property Details
Full Property Details for 101 W Market St
General
- Price: $238,950
- Taxes: $6,035 (2024)
- Status: Active
- Type: Retail
- Source: 2606
- MLS ID: 202505346
- Updated: 4/9/2026
- Added to Site: 219 day(s) ago
Interior
- Flooring: Laminate, Carpet
Location
- Subdivision: IL
School Information
- School District: West Carroll
Heating & Cooling
- Central air: Yes
- Cooling Type: Central, Window
- Heating Type: Electric Baseboard, Gas Forced Air
- Water Heater: Common, Electric
Utilities
- Sewer: City
- Water: City
Structural Information
- Exterior Const.: Brick, Concrete Block
- Basement: Yes
- Basement Desc.: Full
- Roof: Rubber
- Common Walls: Drywall, Plaster
- Doors: 1
- Square Feet: 6,020
- Office: 245 Sq. Ft.
- Retail: 3,375 Sq. Ft.
- Year Built: 1899
Financial Considerations
- Price Per Sq. Ft.: $39.69
- For Sale/Rent/Lease: For Sale
- Tax Amount: $6,035
- Tax Year: 2024
Listed by Jim Sullivan Realty
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Schools
Schools serving 101 W Market St
School District:West Carroll Community Unit School District 314
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 101 W Market St
Date
Details
Price
Change
Source
4/09/2026
Price Reduced
$238,950
-10%
MLS
1/06/2026
Price Reduced
$265,500
-10%
MLS
9/03/2025
Listed
$295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 101 W Market St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,035
3%
$59,439
10%
2023
$5,850
-2%
$54,282
—
2022
$5,957
4%
$54,282
6%
2021
$5,745
—
$51,182
—
2019
$5,762
35%
$51,182
14%
2017
$4,280
-2%
$44,819
—
2016
$4,347
—
$44,819
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 101 W Market St
101 W Market Street, Mount Carroll, IL 61053 (MLS# 202505346) is a Retail property. 101 W Market Street is currently listed for $238,950 and was received on September 03, 2025. Want to learn more about 101 W Market Street? Do you have questions about finding other Retail real estate for sale in Mount Carroll? You can browse all Mount Carroll real estate or contact a Coldwell Banker agent to request more information.

