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    Property profile & analytics

    407 Madison St Auburn, IL 62615

    • Commercial real estate
    • 0.05 lot acres
    For Sale
    View listing
    $200,000
    Value Estimation
    Last Sale
    Mar 19, 2025
    $195,000
    Location Intelligence
    Property ID
    US28-0647781
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Trojan Horse / Bar
    • 1 CALL REAL ESTATE PROFESSIONALS / Real Estate Agency

    Property Details for 407 Madison St

    Lot size
    0.05 lot acres
    Property type
    Commercial real estate
    APN
    34-10.0-259-005
    APU
    34100259005

    Description

    This exceptional 1,330 square foot commercial property located at 407 W Madison Street in Auburn, Illinois, presents a unique investment opportunity. Priced at $200,000, this general commercial space is brimming with potential for a variety of businesses. A key feature is the inclusion of a state-of-the-art golf simulator boasting over 20 different game options, providing immediate revenue potential or a significant draw for customers. The spacious layout offers flexibility for customization, making it ideal for entrepreneurs seeking to establish a party venue, bar, or sports-themed entertainment center. The property sits on a lot with zero acres, making it easily manageable and low-maintenance. Its location in Auburn provides convenient access to local amenities and a strong customer base. This turnkey opportunity requires minimal upfront investment beyond the purchase price, allowing for a quick return on investment. The existing golf simulator alone represents a significant asset, offering immediate revenue generation possibilities. Don't miss this chance to own a versatile commercial space with exceptional potential in a desirable location. Serious inquiries only.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $185,000

    • CAP approach

      CAP return
      Estimation
      6%
      $145,000
      6.5%
      $175,000
      7%
      $170,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $180,000
      Geo Method
      $180,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $130,000
      Retail
      $160,000
      Mixed-Use
      $130,000
      Hospitality
      $145,000
      Educational
      $145,000
      Residential Income
      $165,000
      Energy
      $165,000
      Income-Based Land
      $165,000
      Food Service
      $165,000

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.7459
    Latitude
    39.5909
    CBSA code
    44100
    CBSA name
    SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $455
    $4,137
    $3,268
    $7,405
    -
    $12,411
    $9,804
    $22,215

    Comparable in this City

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      COMMERCIAL (GENERAL) • 0.33 Acres
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    • Value Estimation by Request
      0.05 Acres

      415 Madison St

      COMMERCIAL (GENERAL) • 0.05 Acres
      415 Madison St, Auburn, IL 62615-1407
      View Details
    • Value Estimation by Request
      0.06 Acres

      108 5th St

      COMMERCIAL (GENERAL) • 0.06 Acres
      108 5th St, Auburn, IL 62615-1449
      View Details
    • Value Estimation
      $365,000
      1.23 Acres

      14085 State Rte 4th 4

      COMMERCIAL (GENERAL) • 1.23 Acres
      14085 State Rte 4th 4, Auburn, IL 62615-1015
      View Details

    Similar Nearby for Sale

    • $200,000
      1,330 SF

      Auburn Commercial Space - Huge Potential

      Versatile space, golf simulator included. Prime location.
      407 Madison St, Auburn, IL 62615
      View Details
    • $149,900
      2,104 SF

      Auburn Commercial Building - Prime Location

      All-brick building, ideal for medical or office use.
      500 Jackson St, Auburn, IL 62615
      View Details
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    407 Madison St
    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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