Versatile Lakefront Headquarters
500 S 27th St, Decatur, IL 62521
Former Illinois Power HQ with versatile space on 25.8 acres.
Type:Office, Mixed Use, Special Purpose
Property size:
153,021 SFLot size:
25.80 AcresPrice / SF:
$17/SF- Added:
- Mar 16, 2026
- Days on Market:
- 58
- Last Refresh:
- Mar 19 at 11:47 pm
Property Features for 500 S 27th St
General Information
- Standard status
- Active
- Size
- 153,021 SF
- Lot size
- 25.80 Acres
- Property subtype
- Office, Mixed Use, Special Purpose
Listing agent Austin Deaton License #IL 475198953
Listing office Brinkoetter Realtors
Listing date Mar 16, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Brinkoetter Realtors
HighLights
- 25.8 acres overlooking Lake Decatur, offering a rare lake‑adjacent in‑town setting.
- Approximately 153,000 square feet of highly versatile space suitable for various uses.
- Multi‑wing design combining office infrastructure with commons, classrooms, hospitality areas, and multi‑purpose rooms.
- Features a glass‑wrapped main lobby, large café and gathering hall, and commercial‑grade kitchen.
- Expansive parking and multiple entrances.
- Includes 2 out‑buildings with 7 overhead doors, 2 sliding doors, and 26 covered carports, ideal for fleet management.
Overview
This property, formerly the Illinois Power Headquarters, is situated on 25.8 acres overlooking Lake Decatur. The building offers approximately 153,000 square feet of versatile space. Most recently, it served as a modern ministry and education campus. The multi-wing design integrates office infrastructure with commons areas, classrooms, hospitality spaces, and open multi-purpose rooms. Features include a glass-wrapped main lobby, a large café and gathering hall, and a commercial-grade kitchen. Numerous classrooms create an environment suitable for various potential uses. The property includes expansive parking and two out-buildings. Perimeter fencing encloses key portions of the grounds, and multiple entrances serve the parking areas. The buildings have a dumb waiter, a passenger elevator, and a service elevator. The out-buildings feature a total of 7 overhead doors and 2 sliding doors, along with 26 covered carports, making them suitable for fleet management. The property offers capacity and flexibility for expansion or redevelopment in a lake-adjacent, in-town setting.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
GT Church
Church
Glad Tidings Assembly ...
Church
Tina Stephens Photographic ...
Photography Service
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Macon
- State
- Illinois
- Longitude
- -88.9130321
- Latitude
- 39.8391571
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Former Illinois Power HQ with versatile space on 25.8 acres.
Where is this mixed-use property located?
The property is located at 500 S 27th St Decatur, IL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 25.8 acres overlooking Lake Decatur, offering a rare lake‑adjacent in‑town setting.; Approximately 153,000 square feet of highly versatile space suitable for various uses.; Multi‑wing design combining office infrastructure with commons, classrooms, hospitality areas, and multi‑purpose rooms.
