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$1,150,000
1515 Formosa Rd, Collinsville, IL 62294
0 Beds
0 Baths
n/a SqFt

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Calling all Builders and Developers! This centrally located property has all kinds of potential for multi-use development! Approximately 16 acres fronts on State highway 40 or Troy Rd. where several other Commercial tracts have been developed recently. These tracts run parallel to I-55/70 w/ good visibility. Check w/ Madison County but it appears to be a good layout for 5 or 6 Two to Three acre tracts. Formosa Rd consists of approximately 1700 ft of road frontage. Public water & sewer are located on the east side of Formosa perfect for a residential development. Call for utilities maps on file from the City of Troy. Farm income approx. $18,000 per year. The home with 2 acres must be sold at the same time. See mls#21038785 home is w/ 2 acres for $350,000. This location is perfect for a residential development with Troy Schools or industrial since there is industrial on East side of Formosa. Quick access to I-55/70 to Edwardsville, to St. Louis or to I-270.
  • Price:
  • $1,150,000
  • Acreage:
  • 55.23
  • Listing ID #:
  • MAR21038788
  • Street Address:
  • 1515 Formosa Rd
  • City:
  • Collinsville
  • State:
  • Illinois
  • Postal Code:
  • 62294
  • County:
  • Madison-Il
  • Subdivision:
  • Not In A Subdivision
  • Listing Status:
  • Active
  • Listing Type:
  • Farm
  • Other Buildings:
  • Other, Outbuilding, Shed(s)
  • Documents On Hand:
  • Aerial Photos, Plat
  • Approximate Lot Size Range Source:
  • County Records
  • Conforms To Zoning:
  • Agriculture
  • Existing Land Use:
  • Row Crops
  • Lot Features:
  • Suitable For Horses, Wooded
  • Lot Square Footage:
  • 2405819
  • Road Frontage Type:
  • County Road, State Road
  • Road Type:
  • Asphalt, Tar
  • Suitable Use:
  • Commercial, Horses, Recreational, Residential, Residential, Other
  • Topography:
  • Gently Rolling
  • Days On Market:
  • 489
  • Included In Sale:
  • No Crops
  • Originating Mls:
  • Maris
  • Cross Street:
  • Troy Rd
  • Subdivision:
  • Not In A Subdivision
  • Property Taxes:
  • $1,550
  • Tax Year:
  • 2019
  • Existing Water:
  • Public
  • Utilities:
  • Electricity Available
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By: RE/MAX Alliance
  • MOMARIS

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