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    Property profile & analytics

    201 Iris Dr Auburn, IL 62615

    • Retail properties
    • 2,092 SF
    • 1.57 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Central Illinois Realty / Real Estate Agency

    Property Details for 201 Iris Dr

    Lot size
    1.57 lot acres
    Property size
    2,092 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional 1.57-acre commercial property in Auburn, Illinois, presents a unique investment opportunity. Located on IL 104, it boasts high visibility with 5,530 cars passing daily. The existing 2,092 square foot building, a single-story bi-level structure, features a full kitchen and bathroom. Its versatile layout is ideal for various office uses, including accounting, law, real estate, or insurance. The building's western placement on the lot leaves ample space for future development and expansion, maximizing the property's potential. The property is zoned for commercial, residential, and restaurant uses, offering flexibility for diverse business ventures. This prime location and substantial lot size make it an attractive proposition for owner-occupancy or investment. Detailed overhead parcel views are available upon request. The asking price is $145,900. The property is located at 201 S IRIS Drive, Auburn, IL 62615.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.7321
    Latitude
    39.5894

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      14085 State Rte 4th 4

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    Similar Nearby for Sale

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    201 Iris Dr
    Auburn, IL 62615
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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