500 S 27th Street Decatur IL 62521 MLS #6257425

500 S 27th Street
Decatur, IL, 62521
$2,750,000
Beds
0 Baths
0 SqFt
25.81 Acres
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Situated on 25.8 acres overlooking Lake Decatur, this former Headquarters for Illinois Power offers approximately 153,000 square feet of highly versatile space. Most recently used as a modern ministry and education campus, its multi-wing design currently combines office infrastructure with extensive commons, classroom, hospitality and open multi-purpose rooms. A glass-wrapped main lobby, large cafĂ© and gathering hall, commercial-grade kitchen, numerous classrooms, create a ready-made environment for any number of potential uses. Expansive parking, 2 out-building’s. Exceptional capacity and flexibility for expansion or redevelopment in a rare lake-adjacent in-town setting.Perimeter fencing encloses key portions of the grounds and multiple entrances serve the expansive parking fields. Includes dumb waiter, passenger elevator and service elevator. Out-buildings with a total of 7 overhead doors and 2 sliding doors and 26 covered carports, perfect facilities for fleet management.

Property Details

Price:
$2,750,000
MLS #:
6257425
Status:
Active
Beds:
0
Baths:
0
Address:
500 S 27th Street
Type:
Commercial
Subtype:
Office
City:
Decatur
Listed Date:
Mar 16, 2026
State:
IL
ZIP:
62521
Lot Size:
1,015,384 sqft / 25.81 acres (approx)
Year Built:
1958
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Brick
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500
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Tax Year
2025

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