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1515 Formosa Road

Collinsville, IL 62294
  • $1,150,000
  • STATUS: Active
  • ON SITE: 184 Days
  • ID#: 21038788
UPDATED: 130 min ago
$1,150,000
  • 0
    BEDS
  • 55.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Farm
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

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 is for sale separately but must be purchased by the same buyer. See mls#21038785 home is w/ 2 acres for $350,000. This location is perfect for a residential development with Troy Schools as well as it's proximity to quick access to I-55/70 to Edwardsville, to St. Louis or to I-270.

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Listing information © 2021 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2021-12-06T23:39:07.387.

Clarity Street Realty: 314-963-7300
www.claritystreetrealty.com/homes/117944980
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1515 Formosa Road Collinsville, IL 62294

  • Price: $1,150,000
  • Status: Active
  • On Site: 184 Days
  • Updated: 130 min ago
  • ID#: 21038788
0
Beds
0
Baths
0
½ Baths
55.23
Acres
County:
Madison
Elementary School:
Triad Dist 2
Middle School:
Triad Dist 2
High School:
Triad
School District:
Triad Dist 2
Property Description
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 is for sale separately but must be purchased by the same buyer. See mls#21038785 home is w/ 2 acres for $350,000. This location is perfect for a residential development with Troy Schools as well as it's proximity to quick access to I-55/70 to Edwardsville, to St. Louis or to I-270.
Exterior Features

Architectural Style Other Attached Garage YN No Carport YN No Construction Materials Other Fencing None Garage YN No Levels None Lot Features Suitable For HorsesWooded Lot Size Source County Records Other Structures OtherOutbuildingShed(S) Pool Private YN No Road Frontage Type County RoadState Road Road Surface Type AsphaltTar Topography Gently Rolling Waterfront YN No Wooded Area 12

Interior Features

Basement None Fireplace YN No Fireplaces Total 0 Heating YN No Rooms 0 Rooms Total 0

Property Features

Association Greater Gateway Association Of Realtors Cross Street Troy Rd Current Use Row Crops Disclosures UnknownSellers Discl. Avail Documents Available Aerial PhotoPlat Inclusions No Crops Ownership Private Possible Use CommercialHorsesRecreationalResidentialResidentialOther Property Sub Type Acreage & Farms Property Sub Type Additional Acreage RuralAgricultural LandCommercial PotentialMini-FarmOther Sewer Other Special Listing Conditions No ExemptionsNone Tax Annual Amount 1550 Tax Year 2019 Transaction Type Sale Utilities Electricity Available Water Source Public Zoning Agriculture

Listing provided courtesy of Re/Max Alliance. Listing information © 2021 Mid America Regional Information Systems, Inc.
Listing information © 2021 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2021-12-06T23:39:07.387.

Clarity Street Realty: 314-963-7300
 
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