500 S 27th Street, Decatur, IL

$2,750,000

Active

25.81 Acres

About 500 S 27th Street

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 café 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.

Facts & Features

MLS® # 6257425
Price $2,750,000
Bathrooms 0.00
Acres 25.81
Year Built 1958
Type Commercial
Sub-Type Office
Status Active
Taxes $0
Tax Year 2025

Community Information

Address 500 S 27th Street
City Decatur
County Macon
State IL
Zip Code 62521

Amenities

Parking On Site
Is Waterfront No
Waterfront Lake Privileges
Has Pool No

Interior

Appliances Gas Water Heater
Heating Other
Cooling Other
Has Basement Yes
Basement Finished, Full, Unfinished
Fireplace No
# of Stories 2
Stories Two

Exterior

Exterior Features Fence
Roof Other
Construction Brick
Foundation Basement

Additional Information

Date Listed March 16th, 2026
Days on Market 31
Zoning Other

Listing Details

AgentTom Brinkoetter
OfficeBrinkoetter REALTORS®

Listing Map

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