500 S 27th Street

Decatur, IL 62521 · MLS #6257425

$2,750,000
Listed 182 days ago
Save
Acres
25.81
Type
CommercialSale
Status
Active

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.

Features

FenceGas Water HeaterOn SiteFinishedUnfinishedFull

Property Details

Price
$2,750,000
MLS #
6257425
Status
Active
Type
CommercialSale
Subtype
Office
Listed Date
Mar 16, 2026
Lot Size
1,015,384 sqft / 25.81 acres
Year Built
1958
County
Macon
Zoning
Other
Parcel Number
04-13-18-302-004

Interior

Above Grade Finished Area
0
Appliances
Gas Water Heater
Basement
Finished, Unfinished, Full
Cooling
Other
Heating
Other
Levels
Two

Exterior

Construction Materials
Brick
Foundation
Basement
Exterior Features
Fence
Parking Features
On Site
Roof
Other
Stories
2
Road Surface
Asphalt
Sewer
Public Sewer
Water Source
Public

Payment estimate

Estimated monthly
$14,637/mo
$14,637 principal & interest

Estimate for planning only — actual payment depends on your loan. Talk to your lender.

Financial

Tax Year
2025
Taxes
$0

Market Summary

Current real estate data for CommercialSale in Decatur as of Sep 14, 2026, from all participating CIBR offices.

CommercialSale Listed
35
Avg Days on Market
273
Avg List Price
$604,717

Location

See this listing

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Listed by Brinkoetter REALTORS® · (217) 875-0555. Want to see this property? Call Grissom Schmitz Realty at 217-562-7078.

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Disclaimer: All data relating to real estate for sale on this site comes from the Broker Reciprocity (BR) of the Central Illinois Board of Realtors. Detailed information about real estate listings held by brokerage firms other than Grissom Schmitz Realty include the name of the listing broker. Neither the listing company nor Grissom Schmitz Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. All properties are subject to prior sale, changes, or withdrawal.

Copyright 2026 Central Illinois Board of Realtors. All rights reserved. This site was last updated 9/14/2026, 3:23:03 PM (Central Time).