Peoria, IL Commercial Real Estate for Lease and Sale

Explore 130 listings of Peoria commercial real estate for lease and for sale to find the best space for your business.

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
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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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W. Lake Street

W. Lake Street, Central Peoria, Peoria, IL
Property

VacantLand
For Sale

$320,000
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8817 N. Knoxville Ave

8817 N. Knoxville Ave, North Peoria, Peoria, IL
Property

Retail

153,090 SF
Availability

3 Spaces

117,505 SF
For Lease Contact for pricing
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7820 N. University

7820 N. University, North Peoria, Peoria, IL
Property

Office

18,000 SF
Availability

3 Spaces

4,865 SF
Year Built

1978
For Lease

$8.00 - $9.00/SF/YR
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Median Plains- Lot #16

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

Land

1.95 Acre
For Sale

$361,004
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Allen Road Business Park

2606 W Altorfer Dr, Northwest Peoria, Peoria, IL
Property

Land

55 Acre
For Sale Contact for pricing
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Woodridge Professional Building

2619 Heading Avenue, West Peoria, Peoria, IL
Property

Office

18,206 SF
Availability

17 Spaces

5,409 SF
For Lease

$13.07 - $450.00/SF/YR
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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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Glenhaven Estates and Glenhaven Commons Lots

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

VacantLand
For Sale

$764,912
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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
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THE CORNER OF WILLOW AND RADNOR - SF - PHASE 3

Corner Of Radnor Road & Willow Knolls Road, Northwest Peoria, PEORIA, IL
Property

Retail

5,500 SF
Year Built

2016
For Sale

Subject To Offer
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911 Detweiller Dr

911 Detweiller Dr, North Peoria, Peoria, IL
Property

Industrial

24,060 SF
Availability

1 Space

24,060 SF
Year Built

1973
For Lease

$4.50/SF/YR
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7916 N Hale Ave

7916 N Hale Ave, North Peoria, Peoria, IL
Property

Retail

10,980 SF
Availability

1 Space

3,200 SF
For Lease

$12.00/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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2504 N Sheridan Rd

2504 N Sheridan Rd, Central Peoria, Peoria, IL
Property

Retail

10,044 SF
Availability

1 Space

10,044 SF
For Lease

$6.00/SF/YR
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1605 W Candletree Drive

1605 W Candletree, Ste #101, North Peoria, Peoria, IL
Property

Office

1,200 SF
Year Built

1979
For Sale

$94,000
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Northwoods Mall Redevelopment Opportunity

2200 W War Memorial Dr, Central Peoria, Peoria, IL
Property

Retail

148,655 SF
For Sale

$5,000,000
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10023 N Knoxville Ave

10023 N Knoxville Ave, Far North Peoria, Peoria, IL
Property

VacantLand
For Sale

$1,500,000
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311 West John H Gwynn Junior Avenue

311 West John H Gwynn Junior Avenue, South Peoria, Peoria, IL
Property

Office

14,000 SF
For Sale

$1,300,000
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4600 N Brandywine Dr

4600 N Brandywine Dr, Central Peoria, Peoria, IL
Property

Retail

10,000 SF
Year Built

1990
For Sale Contact for pricing
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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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456 Fulton

456 Fulton , Downtown Peoria, Peoria, IL
Property

Office

39,588 SF
Availability

7 Spaces

9,976 SF
Year Built

1984
For Lease

$450.00 - $2,500.00/MO
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836 SW Washington

836 SW Washington, South Peoria, Peoria, IL
Property

Retail

23,760 SF
For Sale

$375,000
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5012 N Big Hollow Rd - Peoria Center, South Peoria Submarket

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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Northwoods Mall Redevelopment Opportunity

2200 W War Memorial Dr, Central Peoria, Peoria, IL
Property

Retail

148,655 SF
Availability

3 Spaces

271,929 SF
For Lease 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 Peoria commercial real estate market incorporates 1,586,336 square feet of office space across 42 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 2,693,942 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 523,332 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 1,089,650 square feet of available listings. Industrial space available in Peoria adds up to 407,078 square feet.

Meanwhile, most of the listings of commercial property for sale in Peoria 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 Peoria is $14.9 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 Downtown 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 North 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 $44.57 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 40,676 square feet.
Retail properties here incorporate an average of 65,706 square feet.
Industrial space in Peoria is in buildings that are, on average 43,611 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 1,881,374 square feet. The market offers 33 active office listing(s), which amount to 370,015 square feet and account for 44% of commercial spaces on the market. Local retail availability includes 1,089,650 square feet across 31 retail space(s). Industrial space for rent opportunities in Peoria amount to 407,078 square feet across a total of 9 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	33	370,015
Retail	31	1,089,650
Industrial	9	407,078
Other	1	14,631

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 1,618,646 square feet of commercial property for sale here , which includes 11 office building(s) for sale , 15 retail investment opportunity listing(s) , and 4 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	11	361,409
Retail	15	515,078
Industrial	4	75,700
Other	9	666,459

Peoria, IL Commercial Real Estate for Lease and Sale

IL, Peoria - Main St

7405 N University St

W. Lake Street

8817 N. Knoxville Ave

7820 N. University

Median Plains- Lot #16

Allen Road Business Park

Woodridge Professional Building

Medina Plains- Lot #18

Glenhaven Estates and Glenhaven Commons Lots

322 E War Memorial Dr

THE CORNER OF WILLOW AND RADNOR - SF - PHASE 3

911 Detweiller Dr

7916 N Hale Ave

Red Bull Distribution

2504 N Sheridan Rd

1605 W Candletree Drive

Northwoods Mall Redevelopment Opportunity

10023 N Knoxville Ave

311 West John H Gwynn Junior Avenue

4600 N Brandywine Dr

Medina Plains- Lot #1

456 Fulton

836 SW Washington

5012 N Big Hollow Rd - Peoria Center, South Peoria Submarket

Northwoods Mall Redevelopment Opportunity

Frequently Asked Questions

Peoria, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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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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About us