Peoria, IL Commercial Real Estate for Lease and Sale

Explore 170 listings of Peoria commercial real estate to find the best space for your business.

Twin Towers, Suite 345

456 Fulton Street, Suite 345 (#C3D), Downtown Peoria, Peoria, IL
Property

Office

10,812 SF
Availability

1 Space

10,821 SF
For Lease

$12.00/SF/YR
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2390-2404 West Nebraska Avenue

2390-2404 West Nebraska Avenue, Central Peoria, Peoria, IL
Property

Office

9,000 SF
Availability

4 Spaces

10,937 SF
For Lease

$1,500.00 - $5,096.00/MO
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7013 N. Stalworth Drive

7013 N Stalworth Dr, Northwest Peoria, Peoria, IL
Property

Office

5,620 SF
Availability

1 Space

5,620 SF
For Lease

$13.00/SF/YR
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840-908 SW Washington

840-908 SW Washington, South Peoria, Peoria, IL
Property

Industrial

55,632 SF
For Sale

$799,000
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Office Coworking Retail Industrial

Office Retail Industrial Land
Windsor Square

7318 North University St., North Peoria, Peoria, IL
Property

Retail

15,600 SF
Availability

2 Spaces

2,400 SF
Year Built

1960
For Lease

$12.00/SF/YR
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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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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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1101 W Bird Blvd

1101 W Bird Blvd, North Peoria, Peoria, IL
Property

Retail

5,226 SF
For Sale

$2,318,800
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4125 N Sheridan Rd

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

Retail

149,391 SF
Availability

6 Spaces

18,425 SF
Year Built

1954
For Lease Contact for pricing
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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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North Orange Prairie Road

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

VacantLand
For Sale

$3,314,044.8
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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 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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403 SW Jefferson

403 SW Jefferson, North Valley, Peoria, IL
Property

Office

3,712 SF
Availability

1 Space

3,712 SF
For Lease

$10.00/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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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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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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216 NE Perry Ave

216 NE Perry Ave, Downtown Peoria, Peoria, IL
Property

Office

6,300 SF
For Sale

$649,000
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8001 N University

8001 N University , North Peoria, Peoria, IL
Property

Retail

37,750 SF
Availability

2 Spaces

8,708 SF
For Lease

$9.50/SF/YR
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718-720 SW Adams St

718-720 SW Adams St, Downtown Peoria, Peoria, IL
Property

Industrial

8,700 SF
For Sale

$499,000
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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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ATS Building

8201 N University St, North Peoria, Peoria, IL
Property

Industrial

257,336 SF
Availability

1 Space

136,524 SF
For Lease

$4.50/SF/YR
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Willow Knolls Shopping Center

4100 W. Willow Knolls Road, Northwest Peoria, Peoria, IL
Property

Retail

272,809 SF
Availability

4 Spaces

43,191 SF
Year Built

1990
For Lease Contact for pricing
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Regency Plaza

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

Office

272,875 SF
For Sale

$2,250,000
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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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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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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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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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3615 N. Wisconsin Ave.

3615 N. Wisconsin Ave., Central Peoria, Peoria, IL
Property

Retail

6,269 SF
Availability

1 Space

4,269 SF
For Lease Contact for pricing
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Knoxville Crossing Outlots

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

VacantLand

491,357 SF
For Sale

$4.75 psf - $6.50 psf
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5001 N Big Hollow Rd

5001 N Big Hollow Rd, Northwest Peoria, Peoria, IL
Property

Retail

46,430 SF
Availability

1 Space

46,430 SF
Year Built

2003
For Lease

$15.00/SF/YR
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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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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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606 W. Fayette Street

606 W. Fayette Street, Downtown Peoria, Peoria, IL
Property

Office

16,000 SF
For Sale

$1,280,000
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1901 N Sheridan Rd

1901 N Sheridan Rd, West Bluff, Peoria, IL
Property

Office

9,156 SF
Year Built

1970
For Sale

$179,900
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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

$6.00/SF/YR
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Bed Bath & Beyond

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

Retail

31,250 SF
Availability

1 Space

31,250 SF
For Lease

$10.00/SF/YR
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Medina Plains- Lot #1

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

Land

4.22 Acre
For Sale

$735,292.8
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2110 West Townline Road

2110 West Townline Road, North Peoria, Peoria, IL
Property

Office

2,495 SF
Availability

1 Space

2,495 SF
For Lease

$10.00/SF/YR
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214 Pecan St.

214 Pecan St., South Peoria, Peoria, IL
Property

Office

6,100 SF
Availability

1 Space

6,100 SF
Year Built

1920
For Lease

$11.75/SF/YR
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8304 North University Street

8304 North University Street, North Peoria, Peoria, IL
Property

Office

22,206 SF
Availability

1 Space

10,206 SF
For Lease

$7.50/SF/YR
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W Hickory Grove Rd

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

VacantLand
For Sale

$850,000
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East Peoria Pad Sites

NWC Main Street and Washington Street, Downtown Peoria, Peoria, IL
Property

Retail
Availability

2 Spaces

78,408 SF
For Lease Contact for pricing
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Northwoods Mall

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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Medina Plains- Lot #18

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

Land

1.95 Acre
For Sale

$361,004
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414 Hamilton Blvd.

414 Hamilton Blvd , Downtown Peoria, Peoria, IL
Property

Office

19,260 SF
Availability

14 Spaces

16,028 SF
For Lease

$14.00 - $740.00/SF/YR
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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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5012 N Big Hollow Rd

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

Retail

1,050 SF
Availability

1 Space

1,050 SF
For Lease

$14.00/SF/YR
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7800 N Sommer St

7800 N Sommer St, North Peoria, Peoria, IL
Property

Office

25,000 SF
Availability

5 Spaces

7,096 SF
For Lease

$8.00 - $12.00/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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7405 N University St

7405 N University St, North Peoria, Peoria, IL
Property

Office

7,970 SF
For Sale

$375,000
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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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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 1,986,818 square feet of office space across 60 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 3,007,582 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 967,078 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 871,923 square feet of available listings. Office space available in Peoria adds up to 508,451 square feet.

Meanwhile, most of the listings of commercial property for sale in Peoria are in the Office 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 $13.87 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 Central 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 South 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 34,256 square feet.
Retail properties here incorporate an average of 63,992 square feet.
Industrial space in Peoria is in buildings that are, on average 64,472 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 1,827,710 square feet. The market offers 44 active office listing(s), which amount to 512,787 square feet and account for 46% of commercial spaces on the market. Local retail availability includes 882,322 square feet across 39 retail space(s). Industrial space for rent opportunities in Peoria amount to 417,526 square feet across a total of 9 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	44	512,787
Retail	39	882,322
Industrial	9	417,526
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 1,738,267 square feet of commercial property for sale here , which includes 17 office building(s) for sale , 15 retail investment opportunity listing(s) , and 6 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	17	458,620
Retail	15	193,160
Industrial	6	307,606
Other	38	778,881

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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