OFF MARKET

Last listed at $1,340,000, CLOSED ON Oct 2024

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Studio

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sq ft

1515 Formosa, Collinsville, IL 62234

About this home

Over 55 acres of land for development, farming, or commercial potential. Property has frontage on Highway 40 to the west of Formosa to sell as one property with remaining 2 sections being farmed. Frontage road with approx 16 acres, and two sections currently farmed. Home is between farmed sections and is also for sale with 2.87acres listed MLS #21038785. Public water & sewer are located on the east side of Formosa perfect for a residential development. This is the last of the property in this area zoned for commercial. Don't miss this opportunity! Please schedule showings in showtime and agents accompany buyers . HOUSE MUST BE SOLD WITH FARMLAND and FRONTAGE PROPERTY HOUSE, FRONTAGE, FARMLAND $1,576,000 NO EXCEPTIONS

RanchProperty Type

55 acresLot Size

Listed by Bryce Brow • 360 Prime Realty Group, LLC

Bought with TAMMY Johnson • Century 21 Bailey & Company

Redfin checked: 3 minutes ago

•Source:MARIS as Distributed by MLS Grid #23028058

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 62234, IL

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

100.7%

+0.3% MoM

Median sale price

$215K

$4K MoM

Avg. days on market

34d

0 days MoM

Recently sold homes

1 MoM

New listings for sale

$210,000
3 beds2 baths1,802 sq ft
108 Saint Mary Dr, Collinsville, IL 62234
COMING SOON
$170,500
3 beds1.5 baths1,030 sq ft
517 Hoecker Dr, Collinsville, IL 62234
$205,000
3 beds1.5 baths1,946 sq ft
718 Maple St, Collinsville, IL 62234
FOR SALE BY OWNER
$35,000
3 beds2 baths— sq ft
147 Hunters Holw, Collinsville, IL 62234
$290,000
3 beds3 baths1,659 sq ft
809 Braidwood Ct, Collinsville, IL 62234
OPEN SAT, 12PM TO 2PM
$200,000
3 beds2 baths1,880 sq ft
902 Prospect St, Collinsville, IL 62234
$134,900
3 beds2.5 baths1,175 sq ft
408 Central Ave, Collinsville, IL 62234
FOR SALE BY OWNER
$69,900
3 beds2 baths— sq ft
154 Hunters Holw, Collinsville, IL 62234
$393,000
3 beds2.5 baths2,069 sq ft
1975 Lemontree Ln, Collinsville, IL 62234
See all

Provided by Redfin

Sale history for 1515 Formosa

Public record

Beds

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Baths

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Stories

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Lot width

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Lot depth

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Lot size

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Year renovated

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Sq. Ft.

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Year built

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Style

Ranch

County

Madison County

APN

09-1-22-18-00-000-003

Parking Spaces

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Basement

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Accessible

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HOA Dues

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Garage

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Features

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Last updated by owner on May 17, 2023.

Property details

Interior

Virtual Tour

Bedroom Information
# of Bedrooms Main: 0

Basement Information
Basement Features: None

Other Rooms Information
# of Rooms: 0

Exterior

Building Information
Construction Materials: Other

Exterior Features
Fencing: None

Property Information
Ownership Type: Private
Development Status: Unknown
Property Type: Farm
Property Sub Type: Acreage & Farms
Zoning: Commercial, agri

Land Information
Current Use: Row Crops, Other
Possible Use: Commercial, Horses, Residential, Tenant Farming, Other
Wooded Area: 6

Lot Information
Lot Features: None
Lot Size Acres: 55
Lot Size Source: County Records
Road Surface Type: Asphalt
Road Frontage Type: City Street

Financial

Tax Information
Tax Annual Amount: $1,690
Tax Year: 2021

Utilities

Utility Information
Water Source: Other
Sewer: Other
Utilities: Other

Location

School Information
Elementary School: TRIAD DIST 2
Middle Or Junior High School: TRIAD DIST 2
High School: Triad
High School District: Triad DIST 2

Location Information
Directions: I-55/70 towards Troy on Highway 40 East. Turn right at first lighted intersection loop back to the west turn left on Formosa. Property also has frontage on Highway 40 to the west of Formosa
Cross Street: TROY ROAD
Topography: Crop,Wooded

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Ranch
Year Built: —
Year Renovated: —
County: Madison County
APN: 09-1-22-18-00-000-003

Home facts updated by county records on May 17, 2023

Other

Listing Date Information
Expected Active Date: Thursday, May 18, 2023

Home Information
Levels: Other

Around this home

Schools

Silver Creek Elementary School

Public PreK-5 • Assigned • 2.6mi

8/10

Triad Middle School

Public 6-8 • Assigned • 5.4mi

7/10

Triad High School

Public 9-12 • Assigned • 3.4mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

3/10 Flood Factor

Estimated 10-14% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 107° expected this year, 20 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Collinsville, IL • 62234

Average low and high temperatures (°F)

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Feb

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Apr

May

Jun

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Oct

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Dec

Sun exposure

In this area, properties receive around 9.9 hours in June and 4.1 hours in December, which is comparable to the U.S. average for solar exposure.

9.9 hrs

4.1 hrs

JuneDecember

Provided by Shadowmap

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New listings for sale in 62234

$210,000

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108 Saint Mary Dr, Collinsville, IL 62234

COMING SOON

$170,500

3 beds1.5 baths1,030 sq ft

517 Hoecker Dr, Collinsville, IL 62234

$205,000

3 beds1.5 baths1,946 sq ft

718 Maple St, Collinsville, IL 62234

FOR SALE BY OWNER

$35,000

3 beds2 baths— sq ft

147 Hunters Holw, Collinsville, IL 62234

$290,000

3 beds3 baths1,659 sq ft

809 Braidwood Ct, Collinsville, IL 62234

OPEN SAT, 12PM TO 2PM

$200,000

3 beds2 baths1,880 sq ft

902 Prospect St, Collinsville, IL 62234

$134,900

3 beds2.5 baths1,175 sq ft

408 Central Ave, Collinsville, IL 62234

FOR SALE BY OWNER

$69,900

3 beds2 baths— sq ft

154 Hunters Holw, Collinsville, IL 62234

$393,000

3 beds2.5 baths2,069 sq ft

1975 Lemontree Ln, Collinsville, IL 62234

Home values near 1515 Formosa

Data from public records.

Address	Redfin Estimate
1501 Formosa Road, Collinsville, IL 3 Beds \| 2.5 Baths \| 3675 Sq. Ft.	$419,157
1102 Troy Road, Collinsville, IL 3 Beds \| - Baths \| 1864 Sq. Ft.	$226,835

Address	Redfin Estimate
203 Dale Avenue, Collinsville, IL 3 Beds \| 2 Baths \| 1725 Sq. Ft.	$223,949
7600 US Highway 40, Troy, IL 2 Beds \| - Baths \| 594 Sq. Ft.	$188,384

Address	Redfin Estimate
114 Dale Avenue, Collinsville, IL 2 Beds \| - Baths \| 1072 Sq. Ft.	$137,765
1108 Troy Road, Collinsville, IL 2 Beds \| - Baths \| 1636 Sq. Ft.	$259,756

Property information provided by MARIS as Distributed by MLS Grid when last listed in 2023. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 62234, IL

Sale history for 1515 Formosa

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 62234

Home values near 1515 Formosa

More real estate resources