501 N Walnut St

Mount Carmel, IL 62863

$70,000
Price
—
Beds
0.5
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Get preapproved with Rocket Mortgage1

Description

Commercial property with excellent visibility located on two lots in Mount Carmel. This 800 sq ft building features office space with an open layout that is divided into two sections, attractive paneled walls, full bath with shower, and a kitchenette with sink. Additional features include central air approximately 5-6 years old, two front entry doors, covered front porch, and included signage. Previously used as an apartment and most recently utilized for commercial purposes, offering flexibility...Commercial property with excellent visibility located on two lots in Mount Carmel. This 800 sq ft building features office space with an open layout that is divided into two sections, attractive paneled walls, full bath with shower, and a kitchenette with sink. Additional features include central air approximately 5-6 years old, two front entry doors, covered front porch, and included signage. Previously used as an apartment and most recently utilized for commercial purposes, offering flexibility for a variety of business opportunities.
  1. Listed by Brandon Hodgson • DHI Realty Inc • Cell: 618-263-8622

Property Details for 501 North Walnut Street

Subdivision
None
Waterfront
No
LISTING UPDATED: 05/27/2026 04:32 PM

Property Details for 501 North Walnut Street

StatusActive
MLS #202620160
Days on Market10
Taxes$2,024 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeCommercial / Mixed Use
Year Built1999
Lot Size0.22 AC / 9,700 SF
CountyWabash County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of DHI Realty Inc
Add your commute

Building Information for 501 North Walnut Street

Stories1Residences-Year Built1999Lot Size0.22 AC / 9,700 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$517 per month

30 year fixed, 6.36% Interest

Principal and Interest

$349

Property Taxes

$169

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 501 North Walnut Street

Summary
Location and General Information
  • Area: Wabash (IL)
  • City: Mount Carmel
  • Zip Code: 62863
  • State: IL
  • Township: Mount Carmel
  • Geo Latitude: 38
  • Geo Longitude: -88
  • Road Access: City
  • Fips Code: 17185
  • Directions To Property: From Main Street in Mount Carmel, head north on Walnut Street. Property is located on the northwest corner of N Walnut Street and W 5th Street.
Taxes and HOA
  • Annual Taxes: $2,024
  • Year Taxes Payable: 1321
Parking
  • Parking: Gravel
Property
Lot Information
  • Class: COMMERCIAL
  • Property Subtype: Mixed Use
  • Approx Lot Size Acres: 0.223
  • Lot Dimensions: 100 x 97
  • Approx Lot Size Sqft: 9700.0
Property and Assessments
  • New Construction: No
  • Year Built: 1999
  • Age: 27
  • Documents Available: Aerial Photo
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Exterior: Wood
  • Platted: Yes
  • Roof Material: Shingle
Interior Features
  • Basement: No
  • Basement/Foundation: None
  • Cooling: Central Air
  • Flooring: Carpet, Laminate
  • Heating/Fuel: Conventional, Forced Air
  • Stories: 1
Multi Family
Multi-Family Information
  • Number of Buildings: 1

Property History for 501 North Walnut Street

DateEvent & SourcePriceAppreciation
May 26, 2026

Listed (Active)

Indiana Regional MLS #202620160

$70,000—
DateEvent & SourcePrice
05/26/2026

Listed (Active)

Indiana Regional MLS #202620160

$70,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 501 North Walnut Street

Taxable ValueLand$2,910Additions$15,140Total$18,050
Home Facts
StyleMiscellaneous CommercialCountyWABASHAPN11-20-416-018

Schools near 501 North Walnut Street

This home is within Wabash Community Unit School District 348.
Rating
School
Type
Grades
Distance
South Elementary School
Public - PK to 2
Mt Carmel Grade School
Public - 3 to 6
Mt Carmel Middle School
Public - 7 to 8
Mount Carmel High School
Public - 9 to 12
Rating
School
Distance
South Elementary School
PublicPK to 2

Mt Carmel Grade School
Public3 to 6

Mt Carmel Middle School
Public7 to 8

Mount Carmel High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Explore Nearby Homes

More information about 501 North Walnut Street, Mount Carmel, IL 62863

501 North Walnut Street is a mixed use property for sale in Mount Carmel, IL 62863. This property was listed for sale on May 27, 2026 by DHI Realty Inc, it's currently listed at $70,000. This listing's school district is Wabash Community Unit School District 348. Nearby schools include South Elementary School, Mt Carmel Grade School and Mt Carmel Middle School. 501 North Walnut Street is a 0-bed, 0.5-bath, mixed use property built in 1999.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of DHI Realty Inc

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.