Pekin, IL Commercial Real Estate for Lease and Sale

Explore 22 listings of Pekin commercial real estate to find the best space for your business.

1216 S 14th St

1216 S 14th St, Pekin, IL
Property

Retail

3,832 SF
For Sale

$148,000
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Griffin Ave

Griffin Ave, Pekin, IL
Property

VacantLand
For Sale

$599,000
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2410 8th St

2410 8th St , Pekin, IL
Property

Retail

1,500 SF
Year Built

1988
For Sale

$219,900
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3299 Court St

3299 Court St, Pekin, IL
Property

Retail

5,186 SF
Year Built

2002
For Sale

$399,000
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What type of listing property are you looking for?

Retail Industrial

Office Retail Industrial Land
2428 8th St

2428 8th St, Pekin, IL
Property

VacantLand
For Sale

$129,900
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3010 Court St.

3010 Court St., Pekin, IL
Property

Retail

8,400 SF
Year Built

1970
For Sale

$395,000
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320 Derby Street

320 Derby Street, Pekin, IL
Property

Retail

3,240 SF
For Sale

$179,900
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3245 Court St

3245 Court St, Pekin, IL
Property

Retail

63,217 SF
Availability

5 Spaces

8,850 SF
Year Built

1981
For Lease

$10.00 - $12.00/SF/YR
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Lock-Tite Storage

215 Fayette Street & 309 Mechanic, Pekin, IL
Property

Industrial

31,556 SF
For Sale

$1,399,000
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206 Derby St

206 Derby St, Pekin, IL
Property

Industrial

2,000 SF
Year Built

1978
For Sale

$99,900
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3331 Court st

3331 Court st, Pekin, IL
Property

Retail

2,900 SF
Availability

1 Space

2,900 SF
Year Built

2015
For Lease

$16.50/SF/YR
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2075 Edgewater Dr

2075 Edgewater Dr, Pekin, IL
Property

Industrial

20,492 SF
Year Built

1975
For Sale

$1,300,000
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Parkway Plaza

505 - 539 S. Parkway Drive, Pekin, IL
Property

Retail

11,400 SF
Availability

4 Spaces

4,286 SF
For Lease

$13.00/SF/YR
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2075 Edgewater Dr

2075 Edgewater Dr, Pekin, IL
Property

Industrial

20,492 SF
Availability

1 Space

20,492 SF
Year Built

1975
For Lease

$4.95/SF/YR
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2000 Court Street

2000 Court Street, Pekin, IL
Property

Retail

5,974 SF
Availability

1 Space

1,980 SF
For Lease

$12.00/SF/YR
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The Cross Baptist Church

4201 Edgewater Drive, Pekin, IL
Property

Other

17,500 SF
Year Built

1987
For Sale

$600,000
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1805 Riverway Dr

1805 Riverway Dr, Pekin, IL
Property

Industrial

40,558 SF
Year Built

1994
For Sale

$3,150,000
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3010 Court St.

3010 Court St., Pekin, IL
Property

Retail

8,400 SF
Availability

1 Space

8,400 SF
Year Built

1970
For Lease

$4,500.00/MO
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13494 E Manito Rd

13494 E Manito Rd, Pekin, IL
Property

Office

36,121 SF
Year Built

1949
For Sale

$361,210
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S 14th St

S 14th St, Pekin, IL
Property

VacantLand
For Sale

$69,900
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0 Sara Lane

0 Sara Lane, Pekin, IL
Property

VacantLand
For Sale

$19,900
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3401 Griffin Ave

3401 Griffin Ave, Pekin, IL
Property

Other

8,348 SF
Year Built

2004
For Sale

$1,500,000
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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 Pekin commercial real estate market incorporates 36,121 square feet of office space across 1 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 Pekin commercial real estate market includes 110,217 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 Pekin market, there is a total of 115,098 square feet of industrial property.

The listing inventory in Pekin 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 Pekin is represented by Retail space, which accounts for 27,656 square feet of available listings. Industrial space available in Pekin adds up to 20,492 square feet.

Meanwhile, most of the listings of commercial property for sale in Pekin 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 Pekin is $12.09 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 Pekin 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 Pekin, depending on the property type you are interested in.

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 $13 per square foot. In particular, the property type commanding the highest lease rates in Pekin was Retail space.

The average size of a commercial property in Pekin 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 Pekin, the average size of an office property is 36,121 square feet.
Retail properties here incorporate an average of 12,247 square feet.
Industrial space in Pekin is in buildings that are, on average 23,020 square feet in size.

Pekin, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Pekin currently add up to 49,748 square feet. The market offers 1 active office listing(s), which amount to 4,500 square feet and account for 16% of commercial spaces on the market. Local retail availability includes 24,756 square feet across 4 retail space(s). Industrial space for rent opportunities in Pekin amount to 20,492 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	1	4,500
Retail	4	24,756
Industrial	1	20,492

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 Pekin, IL. Currently, there is 178,733 square feet of commercial property for sale here , which includes 1 office building(s) for sale , 5 retail investment opportunity listing(s) , and 4 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	1	36,121
Retail	5	22,158
Industrial	4	94,606
Other	6	25,848

Pekin, IL Commercial Real Estate for Lease and Sale

1216 S 14th St

Griffin Ave

2410 8th St

3299 Court St

2428 8th St

3010 Court St.

320 Derby Street

3245 Court St

Lock-Tite Storage

206 Derby St

3331 Court st

2075 Edgewater Dr

Parkway Plaza

2075 Edgewater Dr

2000 Court Street

The Cross Baptist Church

1805 Riverway Dr

3010 Court St.

13494 E Manito Rd

S 14th St

0 Sara Lane

3401 Griffin Ave

Frequently Asked Questions

Pekin, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Pekin, 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 Pekin, IL?

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

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

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

Pekin, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us