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    1515 Formosa Road

    Collinsville, IL 62294
    • $1,150,000
    • STATUS: Active
    • ON SITE: 7 days
    • ID#: 21038788
    UPDATED: 56 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 2021-06-13T21:48:58.077.

    Fusion Realty, LLC: 618.781.9170
    www.fusionrealtyhomes.com/homes/117944980
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    1515 Formosa Road Collinsville, IL 62294

    • Price: $1,150,000
    • Status: Active
    • Updated: 56 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

    Architecture Other Buildings OtherOutbuildingShed(S) Construction Other Main Residence None Road Access County RoadState Highway Road Frontage 1700.000 Road Surface AsphaltTar/Chips Tillable Acreage 40.00 Topography Gently Rolling Wooded Acreage 12.00

    Interior Features

    Basement Description None Fencing None Fireplaces 0 Rooms 0

    Property Features

    Association Greater Gateway Association Of Realtors Conditions Unknown Cross Street Address Troy Rd Current Use Crops Disclosures Sellers Discl. Avail Documents At Office Aerial PhotoPlat Lot Size Source County Records Ownership Private Possible Buyer Fees YN No Possible Use CommercialHorsesRecreationResidenceResidential LotsOther Sale Includes No Crops Selling Terms CashConventionalFhaVa Sewer Other/None Special Description No Exemptions Special Listing Conditions None Tax Year 2019 Taxes Paid 1550 Transaction Type Sale Type Acreage RuralAgricultural LandCommercial PotentialMini-FarmOther Utilities On Site Electric Water 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 2021-06-13T21:48:58.077.

    Fusion Realty, LLC: 618.781.9170
     
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    Fusion Realty, LLC
    One 157 Center
    Edwardsville IL, 62025