201 Iris Dr Auburn, IL 62615
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.
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Central Illinois Realty Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.