Date
Details
Price
Change
Source
4/06/2026
Listed
$400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/20
$400,000 Just Listed
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1/20
Property Description
Industrial or Commercial Opportunity! This 7.5 +- acre rocked parcel that has most recently been purposed for stockpile of raw materials with three structures totaling 11,400 +- SQFT. The 6,800 Sq' 14'-15' eave height Morton brand main building, is a wood framed steel sided building with concrete foundation and floors. Other accessories include 6-14'x14' and 2-14'x13' insulated overhead drive-in doors and metal lined ceilings and walls. The second building is 3,600 SQFT x 16' eave sheltered wood framed steel sided storage building with one open sidewall. The other building is a 1,000 SQFT similar constructed office type structure. This versatile property is set up for interior and exterior storage and maintenance needs.
Full Property Details
Full Property Details for 7275 N 1220 Ln
General
- Price: $400,000
- Taxes: $6,341 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12611356
- Updated: 4/7/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Heavy Floor Load, Overhead Door(s), Private Restroom(s), Storage Inside, Other, Mezzanine
- Flooring: Concrete
Additional Information
- Security/Safety: Other
Location
- Area: Mt Carmel
- County: Wabash
- Driving Directions: IL RT 15 to County Rd 700E (Maud) So approximately .25 Mile or from IL Rt 1 to 700E N approximately 2 Miles to 1220 LN. East along RR tracks to the property.
- Location Details: Out of Area, Not in City Limits
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Ceiling Units, Central Heat/Individual Controls, Forced Air, Propane
Utilities
- Sewer: Septic Tank
- Water: Well
- Onsite: Electricity to Site
Structural Information
- Construction: Wood, Steel Siding
- Exterior Const.: Wood, Steel Siding
- Foundation: Concrete Perimeter
- Roof: Metal
- Drive-In Doors: 8
- Sub-Flooring: Concrete
- Stories/Levels: 1
- Square Feet: 11,400
- Office: 1,008 Sq. Ft.
- Year Built: 1993
Lot Features
- Lot Size (Acres): 7.5
- Lot Size (Sq. Ft.): 326,700
- Lot Dimensions: 164.2 x 1043.3 x 498.8 x 987
- Frontage: County Road, Private Road, Gravel
- Drainage: Other
- Potential Use: Commercial, Industrial, Special Use, Other
- Zoning: INDUS
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Other
- Assessment Year: 1993
- Tax Amount: $6,341
- Tax Year: 2025
- Pays Sewer: Septic Tank
Disclosures and Reports
- Documents Avail.: Aerial Map, Existing Survey, Traffic Counts
- Property ID: 1027300017
Listed by Coldwell Banker Allen & Geary
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Listing agent
— 7275 N 1220 Ln —
Coldwell Banker Allen & Geary
NMLS#: 1598647
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Schools
Schools serving 7275 N 1220 Ln
School District:Wabash Community Unit School District 348
| Name | Grades | Distance |
|---|---|---|
Mt Carmel Grade School 1520 Poplar Street, Mount Carmel, IL 62863 | 3-6 | 4.2 mi |
South Elementary School, Mount Carmel, IL 1300 North Walnut Street, Mount Carmel, IL 62863 | PK-2 | 4.4 mi |
Mt Carmel Middle School 201 North Pear Street, Mount Carmel, IL 62863 | 7-8 | 5.1 mi |
Mount Carmel High School 201 North Pear Street, Mount Carmel, IL 62863 | 9-12 | 5.1 mi |
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 7275 N 1220 Ln
Tax History
Tax History for 7275 N 1220 Ln
Year
Property Taxes
Change
Tax Assessment
Change
2022
$5,896
—
$102,350
8%
2022
$5,896
3%
$94,920
5%
2021
$5,741
5%
$90,320
3%
2020
$5,478
7%
$87,450
7%
2019
$5,127
—
$81,945
8%
2018
$5,142
-3%
$76,170
-6%
2015
$5,307
-1%
$81,340
—
2015
$5,337
—
$81,340
—
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 7275 N 1220 Ln
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- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 2,210Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 3Total Baths
- 2,144Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 5Beds
- 4Total Baths
- 3,758Sq. Ft.
- Single Family
- Active
- Updated 12 hours ago
- 4Beds
- 4Total Baths
- 3,790Sq. Ft.
- Single Family
- Active
- Updated 9 hours ago
- 4Beds
- 3Total Baths
- 3,083Sq. Ft.
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7275 N 1220 Lane, Mount Carroll, IL 62863 (MLS# 12611356) is a Commercial property. 7275 N 1220 Lane is currently listed for $400,000 and was received on April 06, 2026. Want to learn more about 7275 N 1220 Lane? Do you have questions about finding other Commercial 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.