Rt 162 & Formosa Rd Troy, IL 62294
- Land
- 2.10 lot acres
Current Use by Public Records
- Land
Property Details for 0 Rt 162 & Formosa Rd
- Lot size
- 2.10 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional industrial land offering presents a unique opportunity in Troy, Illinois. Located at the intersection of Rt 162 and Formosa Road in Madison County (zip code 62294), this property boasts flexible lot sizes ranging from 2.1 to 3.52 acres, all zoned I-1 for light industrial use. The site is conveniently situated for excellent access to I-55, providing seamless transportation links. The land is preliminarily plotted into lots of approximately 450 feet by 200 feet, although these dimensions are adaptable to suit individual buyer needs. The seller is willing to divide the land into parcels ranging from one to sixteen contiguous acres, offering significant flexibility for various development projects. Furthermore, build-to-suit options are available, allowing for customized construction to meet specific requirements. All utilities are readily accessible, and the property permits the construction of steel buildings and outdoor storage. While restrictive covenants are in place, they are designed to maintain the quality and character of the development. The land value is priced competitively at $2 to $2.75 per square foot. This prime location and versatile zoning make this an ideal investment for businesses seeking a strategic foothold in the thriving industrial sector of Madison County.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Madison county
- State
- Illinois
- Longitude
- -89.9154
- Latitude
- 38.7327
