Peoria, IL Commercial Real Estate for Lease and Sale

Explore 134 listings of Peoria commercial real estate to find the best space for your business.

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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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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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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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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Office Coworking Retail Industrial

Office Retail Industrial Land
7820 N. University

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

Office

18,000 SF
Availability

3 Spaces

4,865 SF
Year Built

1978
For Lease

$9.00/SF/YR
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1700 W Pioneer Pkwy

1700 W Pioneer Pkwy, North Peoria, Peoria, IL
Property

Industrial

12,570 SF
Availability

1 Space

5,000 SF
For Lease

$6.50/SF/YR
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Twin Towers Residential Units

123 & 125 SW Jefferson Avenue, Downtown Peoria, Peoria, IL
Property

Multi-Family
For Sale

Based on Quantity
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1100 SW Monarch Street

1100 SW Monarch Street, South Peoria, Peoria, IL
Property

Industrial

62,036 SF
Availability

3 Spaces

55,536 SF
Year Built

1956
For Lease

$3.00 - $5.50/SF/YR
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Woodridge Professional Building

2619 Heading Avenue, West Peoria, Peoria, IL
Property

Office

18,206 SF
Availability

19 Spaces

5,807 SF
For Lease

$13.07 - $600.00/SF/YR
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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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Prime Retail Building

3116 N Sterling Rd, Central Peoria, Peoria, IL
Property

Retail

12,424 SF
For Sale

$950,000
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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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2504 N Sheridan Rd

2504 N Sheridan Rd, Central Peoria, Peoria, IL
Property

Retail

10,044 SF
Availability

1 Space

10,044 SF
For Lease

$6.00/SF/YR
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4600 N Brandywine Dr

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

Office

21,967 SF
Year Built

1972
For Sale

$1,150,000
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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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Medina Plains- Lot #2

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

Land

3.49 Acre
For Sale

$608,097.6
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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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1819 SW Adams St

1819 SW Adams St, South Peoria, Peoria, IL
Property

Industrial

30,090 SF
Availability

1 Space

30,090 SF
For Lease

$3.99/SF/YR
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Landmark Recreation Center

3225 N Dries Ln, Central Peoria, Peoria, IL
Property

Other

175,102 SF
Year Built

1979
For Sale

$3,250,000
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406 SW WASHINGTON ST

406 SW WASHINGTON ST, Downtown Peoria, PEORIA, IL
Property

Office

5,290 SF
Availability

1 Space

5,290 SF
Year Built

1970
For Lease Contact for pricing
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3709 Sheridan Rd

3709 Sheridan Rd, Central Peoria, Peoria, IL
Property

Office

1,463 SF
Year Built

1972
For Sale

$159,000
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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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836 SW Washington

836 SW Washington, South Peoria, Peoria, IL
Property

Retail

23,760 SF
For Sale

$375,000
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5012 N Big Hollow Rd - Glen Hollow Shopping Plaza

5012 N Big Hollow Rd, Northwest Peoria, Peoria, IL
Property

Retail

9,753 SF
Availability

1 Space

1,050 SF
Year Built

2002
For Lease Contact for pricing
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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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Strong Business Center

3100 Knoxville, Central Peoria, Peoria, IL
Property

Office

39,000 SF
Availability

8 Spaces

7,331 SF
Year Built

1954
For Lease Contact 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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1211 W Merle Ln

1211 W Merle Ln, Central Peoria, Peoria, IL
Property

Multi-Family

3,000 SF
For Sale

$500,000
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Medina Plains

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

Land

318 Acre
For Sale Contact for pricing
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5201 W War Memorial Drive

5201 W War Memorial Drive, Northwest Peoria, Peoria, IL
Property

Retail

468,520 SF
Availability

1 Space

153,018 SF
For Lease Contact for pricing
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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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3526 N University St.

3526 N University St., Central Peoria, Peoria, IL
Property

Retail

2,800 SF
Availability Contact for availability

For Lease Contact for pricing
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1100 W Glen Ave

1100 W Glen Ave, Central Peoria, Peoria, IL
Property

Office

29,377 SF
Availability

2 Spaces

13,000 SF
For Lease

$13.00/SF/YR
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8116 N Hale Ave

8116 N Hale Ave, North Peoria, Peoria, IL
Property

Office

28,800 SF
For Sale

$2,822,400
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7620 University

7620 University Dr., North Peoria, Peoria, IL
Property

Retail

69,020 SF
Availability

1 Space

3,024 SF
Year Built

1977
For Lease

$8.00/SF/YR
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6320 N. Sheridan Road

6320 N. Sheridan Road, North Peoria, Peoria, IL
Property

Office

1,912 SF
Availability

1 Space

680 SF
For Lease

$750.00/MO
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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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One Tech Plaza

211 Fulton Street, Downtown Peoria, Peoria, IL
Property

Office

155,578 SF
Availability

16 Spaces

84,057 SF
Year Built

2000
For Lease

$12.50 - $14.50/SF/YR
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Medina Plains-Lot #8

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

Land

1.64 Acre
For Sale

$321,472.8
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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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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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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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Glenhaven Estates and Glenhaven Commons Lots

Glenhaven Estates and Glenhaven Commons Lots, Central Peoria, Peoria, IL
Property

VacantLand
For Sale

$764,912
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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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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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3125 N University St

3125 N University St, Central Peoria, Peoria, IL
Property

Office

16,895 SF
Availability

1 Space

3,900 SF
For Lease

$10.00 - $11.00/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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National Marine Sales & Seaway Harbor

5406 North Galena Road, Peoria Heights, IL
Property

Other

77,800 SF
For Sale

$925,000
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Regency Plaza

222 NE Monroe Street, Downtown Peoria, Peoria, IL
Property

Office

272,875 SF
Availability

3 Spaces

32,070 SF
For Lease

$11.00/SF/YR
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2022 W Townline Rd

2022 W Townline Rd, North Peoria, Peoria, IL
Property

Industrial

56,000 SF
Availability

1 Space

56,000 SF
Year Built

1969
For Lease

$5.25/SF/YR
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2305 W Altorfer Dr

2305 W Altorfer Dr, North Peoria, Peoria, IL
Property

Office

11,030 SF
Year Built

1985
For Sale

$975,000
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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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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 1,602,022 square feet of office space across 42 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 2,553,518 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 307,435 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 779,185 square feet of available listings. Office space available in Peoria adds up to 500,581 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 $14.17 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 North 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 North 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 Retail 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 40,051 square feet.
Retail properties here incorporate an average of 59,385 square feet.
Industrial space in Peoria is in buildings that are, on average 27,949 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 1,658,651 square feet. The market offers 33 active office listing(s), which amount to 424,523 square feet and account for 43% of commercial spaces on the market. Local retail availability includes 1,049,032 square feet across 35 retail space(s). Industrial space for rent opportunities in Peoria amount to 176,021 square feet across a total of 7 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	33	424,523
Retail	35	1,049,032
Industrial	7	176,021
Other	1	9,075

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 966,265 square feet of commercial property for sale here , which includes 9 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	9	165,628
Retail	14	362,961
Industrial	4	94,444
Other	32	343,232

Peoria, IL Commercial Real Estate for Lease and Sale

What type of listing property are you looking for?

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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