511 E US Highway 40, Troy, IL 62294
OFF MARKET
Listed by Randy &Kathy E Malawy, RE/MAX Alliance, (618) 656-2111 . Bought with Zdefault Office

511 E US Highway 40
Troy, IL 62294

    (on 3.15 acres)

    Local Information

    Map showing home location
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    Description

    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.
    This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from August 07, 2025

    Home Highlights

    Parking
    No Info
    Outdoor
    No Info
    HOA
    None
    Price/Sqft
    No Info
    Listed
    180+ days ago

    Home Details for 511 E US Highway 40

    Active Status

    MLS Status: Closed

    Interior Features

    Gas & Electric
    Electric: Ameren

    Exterior Features

    Farm & Range
    Frontage Length: 452

    Days on Market

    Cumulative Days on Market: 38

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Building
    Not a New Construction
    Property Information
    Parcel Number: 091221003301089

    Price & Status

    Price
    List Price: $124,000
    Status Change & Dates
    Off Market Date: Thu Aug 07 2025

    Location

    Direction & Address
    City: TroyCommunity: Not In A Subdivision
    School Information
    Elementary School: Triad Dist 2Jr High / Middle School: Triad Dist 2High School: TriadHigh School District: Triad DIST 2

    HOA

    Association for this Listing: Southwestern Illinois Board of REALTORSNo HOA

    Lot Information

    Lot Area: 3.15 Acres

    Listing Info

    Special Conditions: Standard

    Offer

    Listing Terms: Cash, Conventional

    Miscellaneous

    Mls Number: 25045186Showing Requirements: Show at Will
    Last check for updates: about 2 hours ago
    Listed by Randy &Kathy E Malawy, (618) 334-4255
    RE/MAX Alliance
    Bought with: Default Zmember, (314) 984-9111, Zdefault Office
    Originating MLS: Southwestern Illinois Board of REALTORS
    Source: MARIS, MLS#25045186

    Price History for 511 E US Highway 40

    DatePriceEventSource
    08/07/2025$120,000Sold
    MARIS #25045186
    07/02/2025$124,000ContingentMARIS #25045186
    06/30/2025$124,000Listed For SaleMARIS #25045186
    03/08/2022ListingRemovedRE/MAX International
    01/28/2022$90,000PendingRE/MAX International #21081421
    11/18/2021$90,000Listed For SaleRE/MAX International #21081421

    Market trends in Troy

    Last updated May 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    —
    Sale-to-List Price
    —
    Price per sq ft
    —
    Available listings
    24
    5    MoM
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    Homeowner tools

    Estimated monthly rent$1,301/mo
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    Homes for rent near 511 E US Highway 40

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    Comparable Sales for 511 E US Highway 40

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    216 Stonebriar Dr, Troy, IL
    0.77
    Lot/Land
    $60,000
    10/17/25
    -
    -
    2273 Staunton Rd, Troy, IL
    1.57
    Lot/Land
    $240,000
    03/09/26
    -
    -
    1959 Winding Rose Ln, Troy, IL
    3.06
    Lot/Land
    $140,000
    07/31/25
    -
    -
    9825 Beacon St, Saint Jacob, IL
    3.51
    Lot/Land
    $95,000
    06/15/26
    -
    -
    8153 Lebanon Rd, Troy, IL
    3.85
    Lot/Land
    $170,000
    04/30/26
    -
    -
    52 Troy Ofallon Rd, Troy, IL
    3.83
    Lot/Land
    $90,000
    06/24/25
    -
    -
    Keck Rd, Saint Jacob, IL
    3.81
    Lot/Land
    $141,500
    11/25/25
    -
    -
    8635 Aidan Way, Troy, IL
    4.03
    Lot/Land
    $80,000
    03/17/26
    -
    -
    349 Jo Lee Ln, Glen Carbon, IL
    4.37
    Lot/Land
    $175,000
    06/01/26
    -
    -

    Nearby homes

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    Assigned Schools

    These are the assigned schools for 511 E US Highway 40.
    View nearby schools on GreatSchools
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    What Locals Say about Troy

    At least 73 Trulia users voted on each feature.

    • 95 % Say car is needed

    • 92 % Say parking is easy

    • 89 % Say it's dog friendly

    • 88 % Say people would walk alone at night

    • 84 % Say there's holiday spirit

    • 83 % Say yards are well-kept

    • 78 % Say kids play outside

    • 71 % Say streets are well-lit

    • 70 % Say there are sidewalks

    • 69 % Say it's quiet

    • 58 % Say they plan to stay for at least 5 years

    • 55 % Say neighbors are friendly

    • 46 % Say there's wildlife

    • 35 % Say there are community events

    • 33 % Say it's walkable to restaurants

    • 24 % Say it's walkable to grocery stores

    Sourced by Trulia users. Learn more about our methodology.
    • Kellie
      "It’s about a 15 minute drive from the house. Not too bad at all, really. Most things are no further than 20 minutes. "
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    • Shane C.
      "Perfect distance to everything in our area and only 20 minutes from Busch Stadium. Fully see us raising our children here. "
      0
      Flag
    • Ronsoyka
      "Troy has small town charm but is close to interstate for commuting convenience to St Louis area's major highways."
      0
      Flag
    • Cheri H.
      "New bus station with large parking lot. Electric plugs for your car. The city has been putting in sidewalks and cross walks. "
      0
      Flag
    • Alonna N.
      "small town, alot of cops. bunch of gas stations and banks, fair amount of fast food options, safe area compared to other nearby towns "
      0
      Flag
    • Aseljim
      "I’ve learned here for about a year and I love it. It’s a quiet neighborhood and very friendly people all around. I’d recommended the area to younger couples just starting off. There’s a lot of duplexes and apartments available. "
      0
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    • Jamie C.
      "You see people walking their dogs all the time. plus, the yards are bigger. Lots of room for your furry family members to run."
      0
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    • Evasweet24
      "There are many families in the area, and it has a great community park. Neighbors are friendly and always there to help if you need. "
      0
      Flag
    • Iilaad65
      "Easy highway access to St Louis. Great park in Troy. Tons of trails to walk, run and bike. 5 to. Minutes to shopping."
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    • Tkwentus
      "People look out for one another. Quiet area the two years I have lived here. Only downside is no grocery store in town. "
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    • Cheri H.
      "I have lived in Troy for24 years and I like it. It's small town living close to St. Louis, MO. The schools are rated good, the park is great and has a big sporting community. we have nice restaurants but just lost our local grocery store. "
      2
      Flag
    • Judy N.
      " Retired, no commute, but when I worked I needed a car to drive to St. Louis or to the park and ride which is 3 miles. There are daily bus pickups from the park and ride."
      0
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    • Lesley A.
      "I love how it feels out of a big city but close enough to go to bigger city to go shopping. People are friendly and a safe place for my children to grow up in. Plus great school district."
      0
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    • Ksfoppe
      "I've lived in this area growing up and it is a great area for new families raising kids. The Triad school system is great. small town with a grocery store, gas stations, fast food but driveable to edwardsville or st. louis"
      1
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    • Kate W.
      "I've lived here my entire life. Everyone is so nice and it's very safe town to live in. I'll live here my whole life "
      1
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    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Click here for more information
    511 E US Highway 40, Troy, IL 62294 is a lot/land. This property is not currently available for sale. 511 E US Highway 40 was last sold on Aug 7, 2025 for $120,000 (3% lower than the asking price of $124,000).