Peoria, IL Commercial Real Estate for Lease and Sale

Explore 169 listings of Peoria commercial real estate to find the best space for your business.

1901 N Sheridan Rd

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

Office

9,156 SF
Year Built

1970
For Sale

$179,900
View Details (opens in new window)
920 East Glen Avenue

920 East Glen Avenue, Peoria Heights, IL
Property

Retail

30,376 SF
For Sale

$950,000
View Details (opens in new window)
3501 W War Memorial Dr

3501 W War Memorial Dr, Northwest Peoria, Peoria, IL
Property

Office

1,070 SF
Availability

1 Space

1,070 SF
For Lease

$1,700.00/MO
View Details (opens in new window)
5947 N. Allen Road

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

VacantLand
For Sale

$300,000
View Details (opens in new window)
What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Industrial Land
Sheridan Plaza

4325 N Sheridan Road, Central Peoria, Peoria, IL
Property

Retail

13,897 SF
Availability

4 Spaces

4,934 SF
For Lease

$11.50 - $13.00/SF/YR
View Details (opens in new window)
718-720 SW Adams St

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

Industrial

8,700 SF
For Sale

$499,000
View Details (opens in new window)
2714 W 2nd St

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

Industrial

9,500 SF
For Sale

$665,000
View Details (opens in new window)
Medina Plains- Lot #18

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

Land

1.95 Acre
For Sale

$361,004
View Details (opens in new window)
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
View Details (opens in new window)
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
View Details (opens in new window)
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
View Details (opens in new window)
1924 SW Adams St

1924 SW Adams St, South Peoria, Peoria, IL
Property

Multi-Family

8,000 SF
For Sale

$360,000
View Details (opens in new window)
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
View Details (opens in new window)
Medina Plains-Lot #14

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

Land

1.93 Acre
For Sale

$357,300.9
View Details (opens in new window)
Glenhaven Estates and Glenhaven Commons Lots

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

VacantLand
For Sale

$764,912
View Details (opens in new window)
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
View Details (opens in new window)
Pioneer Trade Center

8924-8928 Prairie Pointe Rd, North Peoria, Peoria, IL
Property

VacantLand

1,904 SF
Availability

1 Space

9,075 SF
For Lease Contact for pricing
View Details (opens in new window)
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
View Details (opens in new window)
Pioneer Square

7501 N University, North Peoria, Peoria, IL
Property

Retail

65,000 SF
Availability

21 Spaces

24,333 SF
Year Built

1976
For Lease

$7.68 - $3,000.00/SF/YR
View Details (opens in new window)
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
View Details (opens in new window)
Twin Towers Residential Units

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

Multi-Family
For Sale

Based on Quantity
View Details (opens in new window)
7801 N. Knoxville Avenue

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

Office

14,020 SF
For Sale

$1,250,000
View Details (opens in new window)
Medina Plain- Lot # 7

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

Land

1.69 Acre
For Sale

$331,273.8
View Details (opens in new window)
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
View Details (opens in new window)
2000 Pioneer Parkway

2000 Pioneer Parkway, North Peoria, Peoria, IL
Property

Office

38,400 SF
Availability

3 Spaces

4,955 SF
For Lease

$7.00 - $14.87/SF/YR
View Details (opens in new window)
IL, Peoria - Main St
Regus
416 Main Street #600, Peoria, IL
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture

Receptionist/Secretarial services
View Details (opens in new window)
Medina Plains- Lot #2

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

Land

3.49 Acre
For Sale

$608,097.6
View Details (opens in new window)
Route 91

Route 91, Northwest Peoria, Peoria, IL
Property

VacantLand
For Sale

Subject to size & location
View Details (opens in new window)
Medina Plains- Lot #19

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

Land

1.98 Acre
For Sale

$366,557
View Details (opens in new window)
2119 SW Adams St

2119 SW Adams St, South Peoria, Peoria, IL
Property

Office

23,684 SF
Year Built

1922
For Sale

$469,000
View Details (opens in new window)
Knoxville Crossing Outlots

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

VacantLand

491,357 SF
For Sale

$4.75 psf - $6.50 psf
View Details (opens in new window)
2504 W Rohmann

2504 W Rohmann , West Peoria, Peoria, IL
Property

Retail

4,284 SF
Year Built

1940
For Sale

$149,000
View Details (opens in new window)
322 E War Memorial Dr

322 E War Memorial Dr, Central Peoria, Peoria, IL
Property

Office

7,452 SF
Availability

1 Space

2,150 SF
Year Built

1965
For Lease

$12.50/SF/YR
View Details (opens in new window)
Wood Sage Road Lots

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

VacantLand
For Sale

$5,656,483.9
View Details (opens in new window)
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
View Details (opens in new window)
Cornerstone Court

Cornerstone Court, North Peoria, Peoria, IL
Property

VacantLand
For Sale

$411,642
View Details (opens in new window)
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
View Details (opens in new window)
521 N. Main Street

521 N. Main Street, West Bluff, Peoria, IL
Property

VacantLand
For Sale

$1,000,000
View Details (opens in new window)
Woodridge Professional Building

2619 Heading Avenue, West Peoria, Peoria, IL
Property

Office

18,206 SF
Availability

16 Spaces

5,101 SF
For Lease

$13.07 - $600.00/SF/YR
View Details (opens in new window)
Knoxville Plaza

2014-2016 N. Knoxville Ave. , East Bluff, Peoria, IL
Property

Office

6,119 SF
Availability

1 Space

2,723 SF
Year Built

1995
For Lease

$12.50/SF/YR
View Details (opens in new window)
1315 W Commerce Drive

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

Office

12,165 SF
Year Built

2003
For Sale

$1,887,000
View Details (opens in new window)
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
View Details (opens in new window)
Lot #3 - Pioneer Parkway @ Allen Road

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

Land

1.21 Acre
For Sale

$632,491.2
View Details (opens in new window)
840-908 SW Washington

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

Industrial

55,632 SF
For Sale

$799,000
View Details (opens in new window)
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
View Details (opens in new window)
7405 N University St

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

Office

7,970 SF
For Sale

$375,000
View Details (opens in new window)
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
View Details (opens in new window)
Median Plains- Lot #16

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

Land

1.95 Acre
For Sale

$361,004
View Details (opens in new window)
428 SW WASHINGTON ST

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

Retail

6,400 SF
Availability

1 Space

1,586 SF
Year Built

1970
For Lease

$14.00/SF/YR
View Details (opens in new window)
Medina Plains

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

Land

318 Acre
For Sale Contact for pricing
View Details (opens in new window)
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
View Details (opens in new window)
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
View Details (opens in new window)

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

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us