To investigate the impacts of mineral composition on physical and mechanical properties of carbonate rocks, limestone specimens containing different contents in calcite and dolomite are selected to perform CO2‐water‐rock reaction experiments. The X‐ray Diffraction (XRD) and Nuclear Magnetic Resonance (NMR) are carried out to examine the change characteristics of mineral dissolution and pore structure after reaction. The core flooding experiments with Fiber Bragg gratings are implemented to examine the stress sensitivity of carbonate rocks. The results show that the limestones containing pure calcite are more susceptible to acid dissolution compared to limestone containing impure dolomite. The calcite content in pure limestone decreases as the reaction undergoes. The dissolution of dolomite leads to the formation of calcite in impure limestone. Calcite dissolution leads to the formation of macropore and flow channels in pure limestone, while the effects of impure dolomite in impure limestone results in mesopore formation. When confining pressure is lower than 12 MPa, pure limestones demonstrate higher strain sensitivity coefficients compared to impure limestone containing dolomite after reaction. When confining pressure exceeds 12 MPa, the strain sensitivity coefficients of both pure and impure limestones become almost equal.