$124,000
UNDER CONTRACT

511 Highway 40 W Troy, IL 62294

Estimated payment $795/month

Total Views 166
3.15 Acres
$39,365 Price per Acre
137,214 Sq Ft Lot

About This Lot

This 3.15-acre parcel located along US Highway 40 in Troy, Illinois offers a prime opportunity for residential, mini- farm, or possible future commercial development. Situated just east of the intersection with Troy O’Fallon Road, the property benefits from excellent visibility and accessibility, with high traffic exposure along US 40 and close proximity to I-55/I-70. Its strategic location near schools, shopping, and other amenities in the growing Troy-O’Fallon corridor makes it an ideal opportunity. Whether for personal use, future development, or mini-farm, this versatile piece of land combines convenience, potential, and value in one of Madison County’s most desirable areas. Any intended uses should be researched by buyer & buyer to receive any municipal approvals necessary. A 20' easement is owned. Electric near property.. public water is available- all utilities & information provided is to be verified by buyer. Farm tenant crop rights exist.

Listing Agent

Randy Malawy

RE/MAX Alliance License #475122484 Listed on: 06/30/2025

RE/MAX Alliance

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,280

Lot Details

  • 3.15 Acre Lot
  • Lot Dimensions are 452 x 272 x 454 x 261
  • Property is zoned Farm & Ranch

Schools

  • Triad Dist 2 Elementary And Middle School
  • Triad High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 09-1-22-10-03-301-089

Property Details

Property Type

Land

Est. Annual Taxes

$1,280

Lot Details

0

Listing Details

  • Property Type: Land
  • Current Use: Agricultural, Farm
  • Directions: US 40 across from C A Henning School- look for the sign on corner
  • ResoLotFeatures: Adjoins Wooded Area, Agricultural, Undeveloped
  • Lot Size Acres: 3.15
  • Co List Office Phone: 618-656-2111
  • MLS Status: Active Under Contract
  • Subdivision Name: Not in a Subdivision
  • Financial Info Electric: Ameren
  • Special Features: UnderContract
  • Property Sub Type: LotsLands

Exterior Features

  • Disclosures: None

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: TRIAD DIST 2
  • Junior High Dist: Triad DIST 2
  • High School: Triad
  • Middle Or Junior School: TRIAD DIST 2

Lot Info

  • Zoning: Farm & Ranch
  • Development Status: Raw Land
  • Lot Dimensions: 452 x 272 x 454 x 261
  • Parcel Number: 09-1-22-10-03-301-089

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 1280

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 For Sale $124,000 -- --
Source: MARIS MLS

Source: MARIS MLS

MLS Number: MIS25045186

MARIS MLS