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!
Anchoring the heart of Mt. Carrollâ??s downtown Historic District, this impressive brick cornerstone property offers a unique blend of commercial and residential opportunities. Formerly home to the Mt. Carroll National Bank, this multi-use building features: COMMERCIAL OFFICE SPACE: Has two glass-enclosed, soundproof offices, a granite and cherry reception area, a conference space, a vault, and a 1960â??s Elevette three-floor elevator (currently disabled). Per Illinois state guidelines, the elevator must either be reactivated and recertified or removed within the coming years. The main floor units have separate heating and cooling systems but share natural gas and electric services. MAIN FLOOR APARTMENT (ADDED IN 2018): This well-appointed unit 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. Currently non-conforming as a residential unit, it could alternatively be used as additional office space. The City of Mt. Carroll is reviewing ordinances related to main-level apartments in commercial districts. SECOND-FLOOR RESIDENCES (RENOVATED IN 2014): The upper level underwent complete interior renovations including all new plumbing and electrical, creating four modern apartments with separate electric services. Updates included 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. www.oldmarketstreetliving.com All appliances stay. The apartments are staged; no furnishings stay. Office furniture may be negotiable with a separate bill of sale. BASEMENT: The east half of the basement includes a vault and half bathroom with a rear (north) alley entrance. On the west side of the basement there is approximately 800+ sq. ft. of unfinished space with its own multiple entrancesâ??ready for conversion into an additional commercial space or residential unit to maximize income potential. There are two entrances on the west side of the building off Main Street, plus one handicap accessible alley entrance on the north side of the building. ADDITIONAL INFORMATION: Bituminous Roof installed in 2014, and the buildingâ??s water heater was new in 2024. Coded security door to second floor apartments. There is a rear fire escape. One owner is a Licensed Illinois Designated Managing Real Estate Broker. All unit square footages are estimated and deemed reliable but not guaranteed. Sale is contingent upon the seller securing housing of their choice. A signed confidentiality agreement and buyer's lender pre-approval are required prior to showing confirmation or receiving financial information. Deed restrictions apply. Party wall agreement. Utility easement. Subject to current leases. SEIZE THIS RARE OPPORTUNITY TO INVEST IN A PIECE OF MT. CARROLLâ??S HISTORY!
APARTMENT #1 AND APARTMENT #3 ARE BOTH ABAILABLE. EACH WALKUP APARTMENT HAS 1 BEDROOM AND 1 BATHROOM AND IS APPORX. 450 SQUARE FEET. RENT FOR EACH IS $600.00. APARTMENT #3 IS PICTURED IN THE PHOTOS. Just off the Courthouse Square, and anchoring Mt. Carroll's Commercial District, you will find the former Mt. Carroll NationalBank building that has had the second floor completely rehabbed in 2014 into charming Chicago loft style residences. Theresidence pictured here (Unit #3) comes unfurnished and has one bedroom. RENT is $600.00 per month. This unit has 450+-square feet. ALL NEW IN 2014: HEATING, COOLING, CUSTOM KITCHEN CABINETRY, GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES,FLOORING, PELLA WINDOWS, LEVALOR BLINDS, PLUMBING, ELECTRICAL, BATHS, LAUNDRY FACILITY ON SITE. LaundryFacility is on site on the second floor. Water & Laundry Facility are furnished by the Landlord. Tenant is responsible for Electric (Heat is also Electric), Phone, Internet, Cable through Mediacom only. No pets. No smoking. All information is deemed reliable, but not guaranteed. Owner is Licensed Illinois Real Estate Broker and also the Sole Member of Old Market Street LLC. NO SMOKING. NO PETS.
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Mount Carroll is located in Illinois. Mount Carroll, Illinois has a population of 1,595. Mount Carroll is less family-centric than the surrounding county with 22.53% of the households containing married families with children. The county average for households married with children is 23.24%.
The median household income in Mount Carroll, Illinois is $59,107. The median household income for the surrounding county is $54,959 compared to the national median of $69,021. The median age of people living in Mount Carroll is 48.6 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 11.3 degrees. The average rainfall is approximately 37.1 inches per year, with 30.5 inches of snow per year.
