Peoria Heights, IL Commercial Real Estate for Lease and Sale

Explore 15 listings of Peoria Heights commercial real estate to find the best space for your business.

920 East Glen Avenue

920 East Glen Avenue, Peoria Heights, IL
Property

Retail

30,376 SF
For Sale

$950,000
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4425 N Prospect Rd

4425 N Prospect Rd, Peoria Heights, IL
Property

Office

64,000 SF
Availability

1 Space

46,800 SF
Year Built

2025
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

$139,000
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Noodles & Company and Dog Haus

4712 N University St, Central Peoria, Peoria, IL
Property

Retail

5,050 SF
Year Built

2014
For Sale

$1,800,000
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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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830 West Trailcreek Drive

830 West Trailcreek Drive, North Peoria, Peoria, IL
Property

Office

6,033 SF
Year Built

2005
For Sale

$785,000
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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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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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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 Contact for pricing
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Westlake Shopping Center

NWC I-74 & Sterling Avenue, Northwest Peoria, Peoria, IL
Property

Retail

210,726 SF
Availability

3 Spaces

24,675 SF
For Lease Contact for pricing
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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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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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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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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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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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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 Heights commercial real estate market incorporates 64,000 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 Peoria Heights commercial real estate market includes 30,376 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.

The listing inventory in Peoria Heights 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 Heights is represented by Office space, which accounts for 46,800 square feet of available listings.

Meanwhile, most of the listings of commercial property for sale in Peoria Heights 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.

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 Heights, 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.

The average size of a commercial property in Peoria Heights 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 Heights, the average size of an office property is 64,000 square feet.
Retail properties here incorporate an average of 30,376 square feet.

Peoria Heights, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Peoria Heights currently add up to 46,800 square feet. The market offers 1 active office listing(s), which amount to 46,800 square feet .

Property Type	Count of Listings	Total SF
Office	1	46,800

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 Heights, IL. Currently, there is 108,176 square feet of commercial property for sale here , which includes , 1 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Retail	1	30,376
Other	1	77,800

Peoria Heights, IL Commercial Real Estate for Lease and Sale

920 East Glen Avenue

4425 N Prospect Rd

3709 Sheridan Rd

Noodles & Company and Dog Haus

Red Bull Distribution

830 West Trailcreek Drive

Bed Bath & Beyond

3125 N University St

Metro Centre

Westlake Shopping Center

5012 N Big Hollow Rd - Glen Hollow Shopping Plaza

Windsor Square

1101 W Bird Blvd

5012 N Big Hollow Rd

7044 N University St

Frequently Asked Questions

Peoria Heights, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Peoria Heights, 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 Heights, IL?

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

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

Peoria Heights, 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