1515 Formosa Road, Collinsville, IL 62294 | MLS 21038788 | Listing Information | Real Living Gateway Real Estate | Real Living Gateway Real Estate
Real Living Gateway Real Estate
(314) 293-9339
FOR SALE
$1,150,000

1515 Formosa Road
Collinsville, IL 62294

Farm
Residence
55.23
Acre Lot
1of
Photos
Map
Courtesy: Michael Bockhorn - Re/Max Alliance
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.
21038788
Farm, Other
Madison-IL
55.23 Acres
Public
Other
Other/None
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