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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

201 Iris Dr Auburn, IL 62615

2,092 SF 1.57 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 2,092 SF
Lot 1.57 ac (68,389 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Central Illinois Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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