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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Schools
Interior
Appliances
Gas Water Heater
Cooling
Other
Heating
Other
Exterior
Construction Materials
Brick
Exterior Features
Fence
Parking Features
On Site
Parking Spots
500
Roof
Other
Financial
Tax Year
2025
Map
Community
- Address500 S 27th Street Decatur IL
- CityDecatur
- CountyMacon
- Zip Code62521
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500 S 27th Street
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