Peoria, IL Commercial Real Estate for Lease and Sale

Explore 150 listings of Peoria commercial real estate to find the best space for your business.

2714 W 2nd St

2714 W 2nd St, Far North Peoria, Peoria, IL
Property

Industrial

9,500 SF
For Sale

$665,000
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Medina Plains- Lot #19

2900 W Townline Road, Northwest Peoria, Peoria, IL
Property

Land

1.98 Acre
For Sale

$366,557
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Glen Knolls Shopping Center

1119 - 1135 W. Glen Ave., Central Peoria, Peoria, IL
Property

Retail

14,400 SF
Availability

1 Space

1,200 SF
For Lease

$14.00/SF/YR
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311 Water St

311 Water St, Downtown Peoria, Peoria, IL
Property

Office

20,174 SF
Availability

1 Space

2,565 SF
Year Built

1900
For Lease

$12.50/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
Sterling Plaza

3701 N Sterling Ave, Central Peoria, Peoria, IL
Property

Office

52,060 SF
Availability

3 Spaces

7,675 SF
Year Built

1969
For Lease

$6.00 - $12.00/SF/YR
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Shoppes West

7700 - 7730 N. Grand Prairie Drive, Northwest Peoria, Peoria, IL
Property

Retail

22,210 SF
Availability

7 Spaces

10,502 SF
For Lease

$13.00 - $20.00/SF/YR
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Metro Centre

4620 N University St, Central Peoria, Peoria, IL
Property

Retail

193,410 SF
Availability

14 Spaces

34,433 SF
Year Built

1971
For Lease

$12.00 - $14.00/SF/YR
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Dominion Square

1301 W. Pioneer Parkway, North Peoria, Peoria, IL
Property

Retail

20,954 SF
Availability

4 Spaces

9,232 SF
Year Built

1990
For Lease

$12.00/SF/YR
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Valley Park Shopping Center

200 N Macarthur Hwy, South Peoria, Peoria, IL
Property

Retail

22,900 SF
Availability

2 Spaces

9,300 SF
For Lease

$14.00/SF/YR
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KFC

603 N Western Ave, West Peoria, Peoria, IL
Property

Retail

2,387 SF
Year Built

1995
For Sale Contact Broker for Pricing
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Industrial Flex Building

906 - 924 W. Detweiller Drive, North Peoria, Peoria, IL
Property

Industrial

31,400 SF
Availability

1 Space

8,500 SF
Year Built

1966
For Lease

$6.00/SF/YR
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8817 N. Knoxville Ave

8817 N. Knoxville Ave, North Peoria, Peoria, IL
Property

Retail

153,090 SF
Availability

5 Spaces

119,705 SF
For Lease Contact for pricing
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7044 N University St

7044 N University St, North Peoria, Peoria, IL
Property

Retail

1,317 SF
Availability

1 Space

1,317 SF
For Lease

$12.00/SF/YR
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7820 N. University

7820 N. University, North Peoria, Peoria, IL
Property

Office

18,000 SF
Availability

4 Spaces

5,599 SF
Year Built

1978
For Lease

$9.00/SF/YR
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7719 N. Pioneer Lane

7719 N. Pioneer Lane, North Peoria, Peoria, IL
Property

Industrial

15,000 SF
Availability

1 Space

15,000 SF
For Lease

$10,000.00/SF/YR
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Medina Plains- Lot #9

2900 W Townline Road, Northwest Peoria, Peoria, IL
Property

Land

2.14 Acre
For Sale

$419,482.8
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North Orange Prairie Road

North Orange Prairie Road, Northwest Peoria, Peoria, IL
Property

VacantLand
For Sale

$3,314,044.8
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5947 N. Allen Road

5947 N. Allen Road, Northwest Peoria, Peoria, IL
Property

VacantLand
For Sale

$300,000
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812 Trailcreek Dr.

812 Trailcreek Dr., North Peoria, Peoria, IL
Property

Office

4,030 SF
Availability

1 Space

2,015 SF
Year Built

2003
For Lease

$12.00/SF/YR
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4530 N Brandywine Dr

4530 N Brandywine Dr, Central Peoria, Peoria, IL
Property

Retail

30,400 SF
Availability

2 Spaces

8,211 SF
Year Built

1965
For Lease

$6.50 - $12.00/SF/YR
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5901 N Prospect ave

5901 N Prospect ave, Central Peoria, Peoria, IL
Property

Office

105,557 SF
Availability

15 Spaces

27,959 SF
Year Built

1962
For Lease Contact for pricing
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7815 N Knoxville Ave

7815 N Knoxville Ave, North Peoria, Peoria, IL
Property

Retail

32,256 SF
Availability Contact for availability

For Lease Contact for pricing
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7801 N. Knoxville Avenue

7801 N. Knoxville Avenue, North Peoria, Peoria, IL
Property

Office

14,020 SF
Availability

1 Space

14,020 SF
For Lease

$12.00/SF/YR
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7715 N University St

7715 N University St, North Peoria, Peoria, IL
Property

Retail

3,300 SF
Year Built

1975
For Sale

$599,000
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800-825 SW Adams St.

800-825 SW Adams St., South Peoria, Peoria, IL
Property

Office

109,224 SF
Availability

2 Spaces

3,655 SF
Year Built

1917
For Lease

$15.00 - $16.00/SF/YR
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W Hickory Grove Rd

W Hickory Grove Rd, Far North Peoria, Dunlap, IL
Property

VacantLand
For Sale

$949,000
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7205 - 7207 North Allen Road

7205 - 7207 North Allen Road, Northwest Peoria, Peoria, IL
Property

Office

3,500 SF
Availability

1 Space

3,500 SF
For Lease

$14.00/SF/YR
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7916 N Hale Ave

7916 N Hale Ave, North Peoria, Peoria, IL
Property

Retail

10,980 SF
Availability

2 Spaces

4,785 SF
For Lease

$12.00/SF/YR
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Executive Office & Production Space

120 S. Eaton Street, North Valley, Peoria, IL
Property

Office

23,192 SF
For Sale

$850,000
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Medina Plain- Lot # 7

2900 W Townline Road, Northwest Peoria, Peoria, IL
Property

Land

1.69 Acre
For Sale

$331,273.8
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1315 W Commerce Drive

1315 W Commerce Drive, North Peoria, Peoria, IL
Property

Office

12,165 SF
Availability

1 Space

5,049 SF
Year Built

2003
For Lease

$13.00/SF/YR
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715 Western Ave Peoria

715 Western Ave Peoria, West Peoria, Peoria, IL
Property

Retail

3,214 SF
Availability

1 Space

3,214 SF
For Lease

$15.70/SF/YR
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Allen Road Business Park

2606 W Altorfer Dr, Northwest Peoria, Peoria, IL
Property

Land

55 Acre
For Sale Contact for pricing
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Lot #6 - Pioneer Parkway @ Allen Road

2401 W Pioneer Pkwy, North Peoria, Peoria, IL
Property

Land

1.3 Acre
For Sale

$679,536
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1300 W Commerce Dr

1300 W Commerce Dr, North Peoria, Peoria, IL
Property

Office

11,892 SF
Availability

1 Space

7,440 SF
Year Built

2005
For Lease

$12.50/SF/YR
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4125 N Sheridan Rd

4125 N Sheridan Rd, Central Peoria, Peoria, IL
Property

Retail

149,391 SF
Availability

7 Spaces

20,284 SF
Year Built

1954
For Lease Contact for pricing
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2200 W War Memorial Dr

2200 W War Memorial Dr, Central Peoria, Peoria, IL
Property

Retail

574,910 SF
Availability

5 Spaces

94,795 SF
Year Built

1972
For Lease Contact for pricing
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Bed Bath & Beyond

4816 N. University Street, Central Peoria, Peoria, IL
Property

Retail

31,250 SF
For Sale

$3,300,000
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718 SW Adams St

718 SW Adams St, Downtown Peoria, Peoria, IL
Property

Retail

3,300 SF
Year Built

1920
For Sale

$249,000
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3100 N Dries Ln $12 per SF

3100 N Dries Ln, Central Peoria, Peoria, IL
Property

Office

1,544 SF
Availability Contact for availability
Year Built

1984
For Lease Contact for pricing
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1616 - 1620 W Chanute Rd

1616 - 1620 W Chanute Rd, North Peoria, Peoria, IL
Property

Industrial

178,920 SF
Availability

1 Space

107,496 SF
Year Built

1976
For Lease

$3.75/SF/YR
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3709 Sheridan Rd

3709 Sheridan Rd, Central Peoria, Peoria, IL
Property

Office

1,463 SF
Year Built

1972
For Sale

$139,000
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456 Fulton

456 Fulton , Downtown Peoria, Peoria, IL
Property

Office

39,588 SF
Availability

7 Spaces

9,900 SF
Year Built

1984
For Lease

$375.00 - $2,500.00/MO
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1014 W Pioneer Parkway

1014 W. Pioneer Parkway, North Peoria, Peoria, IL
Property

Office

20,160 SF
Availability

3 Spaces

16,770 SF
Year Built

1957
For Lease

$8.00 - $12.00/SF/YR
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7810 N University St

7810 N University St, North Peoria, Peoria, IL
Property

Retail

1,780 SF
Availability

1 Space

1,780 SF
Year Built

1977
For Lease

$13.00/SF/YR
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Red Bull Distribution

3605 N Parish Avenue, Central Peoria, Peoria, IL
Property

Industrial

23,454 SF
For Sale

$2,850,000
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Medina Plains-Lot #14

2900 W Townline Road, Northwest Peoria, Peoria, IL
Property

Land

1.93 Acre
For Sale

$357,300.9
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2619 & 2621 N. University Street

2619 & 2621 N. University Street, Central Peoria, Peoria, IL
Property

Retail

8,270 SF
Availability

2 Spaces

1,740 SF
For Lease

$750.00/SF/YR
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4600 N Brandywine Dr

4600 N Brandywine Dr, Central Peoria, Peoria, IL
Property

Office

21,966 SF
Availability

2 Spaces

15,473 SF
Year Built

1972
For Lease

$12.00/SF/YR
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Wood Sage Road Lots

5423 W Wood Sage Rd, Northwest Peoria, Peoria, IL
Property

VacantLand
For Sale

$5,656,483.9
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Industrial Flex Building

906 - 924 W. Detweiller Drive, North Peoria, Peoria, IL
Property

Industrial

31,400 SF
Year Built

1966
For Sale

$1,600,000
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9118 N. Lindbergh Drive

9118 N. Lindbergh Drive, North Peoria, Peoria, IL
Property

Office

4,193 SF
For Sale

$700,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Peoria commercial real estate market incorporates 1,431,672 square feet of office space across 40 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Peoria commercial real estate market includes 3,053,512 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Peoria market, there is a total of 302,887 square feet of industrial property.

The listing inventory in Peoria incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Peoria is represented by Retail space, which accounts for 870,498 square feet of available listings. Office space available in Peoria adds up to 378,004 square feet.

Meanwhile, most of the listings of commercial property for sale in Peoria are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Peoria is $14.06 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Peoria can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Peoria, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Peoria is in the Central Peoria neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Peoria area.

Meanwhile, retail space opportunities are most abundant in the Central Peoria submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in North Peoria.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $98.08 per square foot. In particular, the property type commanding the highest lease rates in Peoria was Office space.

The average size of a commercial property in Peoria depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Peoria, the average size of an office property is 37,676 square feet.
Retail properties here incorporate an average of 62,317 square feet.
Industrial space in Peoria is in buildings that are, on average 30,289 square feet in size.

Peoria, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Peoria currently add up to 1,286,029 square feet. The market offers 32 active office listing(s), which amount to 297,716 square feet and account for 41% of commercial spaces on the market. Local retail availability includes 827,307 square feet across 37 retail space(s). Industrial space for rent opportunities in Peoria amount to 145,931 square feet across a total of 7 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	32	297,716
Retail	37	827,307
Industrial	7	145,931
Other	2	15,075

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Peoria, IL. Currently, there is 772,308 square feet of commercial property for sale here , which includes 8 office building(s) for sale , 14 retail investment opportunity listing(s) , and 4 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	8	107,950
Retail	14	209,740
Industrial	4	119,986
Other	31	334,632

Peoria, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Peoria, IL?

What factors affect the price of commercial real estate in Peoria, IL?

What is the average rent for commercial space in Peoria, IL?

What are the best areas for commercial real estate in Peoria, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Peoria, IL?

Peoria, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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