Description

Address: 1053 Gilmore Lake Rd, Waterloo, IL 62298

19.2-Acre Property with Endless Potential – Partially Renovated Home with Modern Plans

Nestled just minutes from Waterloo, this 19.2-acre property offers a rare opportunity to create your dream home in a scenic rural setting. The property features approximately 10 acres of wooded land, a rock-bottom creek, 4 acres of lower pasture, and remnants of fencing that outline a former paddocks near the home and outbuildings.

The home itself was originally a choppy 3-bedroom, 2-bath layout, but the current owners embarked on a full-scale renovation with plans to transform it into a modern, open-concept design. The envisioned floor plan includes 3 bedrooms (with a master suite), 4 bathrooms, and an office in the walkout basement.

While the exterior has been beautifully remodeled—including a 2023 roof, new windows, doors, and gutters—giving it a fresh, updated look, the interior is a blank slate with framed-out vaulted ceilings and stud walls in place. This is a prime opportunity to bring your vision to life, whether you follow the current plans or customize it to your taste. The owner is happy to share the existing blueprints to help guide the process.

Location Highlights:

• Waterloo Walmart: 9 minutes
• Scott Air Force Base: 41 minutes
• St. Louis, MO: 33 minutes

With land this close to Waterloo rarely hitting the market, this is a unique chance to invest in a property with potential for a stunning country retreat. Whether you're looking for a place to finish your dream home, enjoy nature, or create a hobby farm, this property offers it all.

Schedule your showing today!

• Age of the home: 1961 (Original Built Date)
• Square Footage: 1,532 (source: other)
• Lot Size: 19.2 Ac (source: county records)
• Heating:  Not hooked up - 2017
• Cooling: Not working
• Roof: 2023
• Basement: Unfinished, Walkout
• Utility info:
  • Water ~ Well
  • Sewer ~Septic
• Garage: 2 Car Attached Garage plus Detached Garage and Buildings
• School District(s): Waterloo Dist 5
• Drive Times:
  • Waterloo Walmart: 9 minutes
  • Scott Air Force Base: 41 minutes
  • St Louis Mo: 33 minutes
• Room Dimensions: Currently framed in - easily modified.

Title Company: Accent Title Company

Financing: Cash, Conventional

Directions:  GPS Friendly - From Hamacher/Floraville Rd in Waterloo turn left onto Gilmore Lake Rd. In about a mile property is on the left.

Legal Description: Part of Sec 9, T2S - R9W

Parcel(s): 08-09-300-002-000

Taxes: 2023 - $4,390.58

P#989  /  MLS # 25014844

LISTED by Property Peddler Inc.   

Designated Managing Broker Brenda Chandler  618-491-6415

Auctioneer/Broker Brad Chandler  618-221-5727