Troy, IL Commercial Real Estate for Lease and Sale

Explore 26 listings of Troy commercial real estate to find the best space for your business.

Troy Plaza

547 Bargraves Boulevard, Troy, IL
Property

Retail

14,400 SF
Availability

5 Spaces

6,000 SF
Year Built

1988
For Lease

$13.00/SF/YR
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516 Edwardsville Rd

516 Edwardsville Rd, Troy, IL
Property

Retail

5,258 SF
Availability

2 Spaces

2,800 SF
Year Built

2018
For Lease

$14.50/SF/YR
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7701 Plummer Business Dr - Lot 5

7701 Plummer Business Dr, Troy, IL
Property

VacantLand

0.75 Acre
For Sale Contact for pricing
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Illinois State Route 162

Illinois State Route 162, Troy, IL
Property

VacantLand

1.75 Acre
For Sale

$349,000
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What type of listing property are you looking for?

Office Retail

Office Land
7701 Plummer Business Dr - Lot 6

7701 Plummer Business Dr, Troy, IL
Property

VacantLand

0.75 Acre
For Sale Contact for pricing
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7701 Plummer Business Dr - Lot 14

7701 Plummer Business Dr, Troy, IL
Property

VacantLand

0.85 Acre
For Sale Contact for pricing
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320 East Highway 40 - West Lot

320 East Highway 40, Troy, IL
Property

VacantLand

1.35 Acre
For Sale Contact for pricing
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Troy Shopping Center

7640 Plummer Business Dr, Troy, IL
Property

Retail

30,228 SF
Availability

2 Spaces

3,012 SF
Year Built

2006
For Lease

$14.00/SF/YR
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Town Centre II

635-653 Edwardsville Road, Troy, IL
Property

Retail

14,732 SF
Availability

3 Spaces

4,620 SF
For Lease

$14.00/SF/YR
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7346 State Route 162

7346 State Route 162, Troy, IL
Property

Office

12,040 SF
Availability

3 Spaces

6,000 SF
Year Built

2022
For Lease

$15.00 - $17.00/SF/YR
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7701 Plummer Business Dr - Lot 3

7701 Plummer Business Dr, Troy, IL
Property

VacantLand

0.7 Acre
For Sale Contact for pricing
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409 Edwardsville Rd

409 Edwardsville Rd, Troy, IL
Property

Office

10,000 SF
Availability

1 Space

3,050 SF
Year Built

2003
For Lease

$14.00/SF/YR
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7701 Plummer Business Dr - Lot 2

7701 Plummer Business Dr, Troy, IL
Property

VacantLand

1.15 Acre
For Sale Contact for pricing
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101-103 N Main St

101-103 N Main St, Troy, IL
Property

Retail

4,800 SF
Availability

2 Spaces

2,620 SF
Year Built

1965
For Lease

$2,300.00 - $5,750.00/MO
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7701 Plummer Business Dr - Lot 4

7701 Plummer Business Dr, Troy, IL
Property

VacantLand

0.72 Acre
For Sale Contact for pricing
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7346 State Route 162

7346 State Route 162, Troy, IL
Property

Office

6,000 SF
Year Built

2022
For Sale

$1,150,000
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7354 State Route 162

7354 State Route 162, Troy, IL
Property

Office

12,040 SF
Availability

2 Spaces

4,000 SF
For Lease

$15.00 - $17.00/SF/YR
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7354 State Route 162

7354 State Route 162, Troy, IL
Property

Office

12,040 SF
For Sale

$2,300,000
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7701 Plummer Business Dr - Lot 12

7701 Plummer Business Dr, Troy, IL
Property

VacantLand

0.85 Acre
For Sale Contact for pricing
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7701 Plummer Business Dr

7701 Plummer Business Dr, Troy, IL
Property

VacantLand

8 SF
For Sale Contact for pricing
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7358 IL Route 162

7358 IL Route 162, Troy, IL
Property

VacantLand

1.56 Acre
For Sale

$499,000
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320 East Highway 40 - East Lot

320 East Highway 40 - East Lot, Troy, IL
Property

VacantLand

2.05 Acre
For Sale Contact for pricing
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7700 Plummer Business Dr

7700 Plummer Business Dr, Troy, IL
Property

VacantLand

21.5 Acre
For Sale

$50,000/Acre
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304 Bargraves Blvd

304 Bargraves Blvd, Troy, IL
Property

Retail

3,806 SF
Availability

1 Space

3,806 SF
Year Built

2009
For Lease

$25.00/SF/YR
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7701 Plummer Business Dr - Lot 11

7701 Plummer Business Dr, Troy, IL
Property

VacantLand

1.3 Acre
For Sale Contact for pricing
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7701 Plummer Business Dr - Lot 13

7701 Plummer Business Dr, Troy, IL
Property

VacantLand

0.85 Acre
For Sale Contact for pricing
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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 Troy commercial real estate market incorporates 46,120 square feet of office space across 5 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 Troy commercial real estate market includes 68,424 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 Troy 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 Troy is represented by Retail space, which accounts for 20,238 square feet of available listings. Office space available in Troy adds up to 13,050 square feet.

Meanwhile, most of the listings of commercial property for sale in Troy 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 Troy is $14.06 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 Troy 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 Troy, 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 $17 per square foot. In particular, the property type commanding the highest lease rates in Troy was Retail space.

The average size of a commercial property in Troy 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 Troy, the average size of an office property is 11,530 square feet.
Retail properties here incorporate an average of 13,685 square feet.

Troy, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Troy currently add up to 35,908 square feet. The market offers 4 active office listing(s), which amount to 13,050 square feet and account for 36% of commercial spaces on the market. Local retail availability includes 22,858 square feet across 7 retail space(s).

Property Type	Count of Listings	Total SF
Office	4	13,050
Retail	7	22,858

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 Troy, IL. Currently, there is 18,084 square feet of commercial property for sale here , which includes 2 office building(s) for sale .

Property Type	Count of Listings	Total SF
Office	2	18,040
Other	15	44

Troy, IL Commercial Real Estate for Lease and Sale

Troy Plaza

516 Edwardsville Rd

7701 Plummer Business Dr - Lot 5

Illinois State Route 162

7701 Plummer Business Dr - Lot 6

7701 Plummer Business Dr - Lot 14

320 East Highway 40 - West Lot

Troy Shopping Center

Town Centre II

7346 State Route 162

7701 Plummer Business Dr - Lot 3

409 Edwardsville Rd

7701 Plummer Business Dr - Lot 2

101-103 N Main St

7701 Plummer Business Dr - Lot 4

7346 State Route 162

7354 State Route 162

7354 State Route 162

7701 Plummer Business Dr - Lot 12

7701 Plummer Business Dr

7358 IL Route 162

320 East Highway 40 - East Lot

7700 Plummer Business Dr

304 Bargraves Blvd

7701 Plummer Business Dr - Lot 11

7701 Plummer Business Dr - Lot 13

Frequently Asked Questions

Troy, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Troy, 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 Troy, IL?

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

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

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

Troy, 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