Peoria, IL Commercial Real Estate for Lease and Sale

Explore 169 listing(s) of commercial real estate in Peoria, IL to find the best space for your business.

CRE Market FAQs

7718 N Harker Dr

7718 N Harker Dr, North Peoria, Peoria, IL
Space Type

Industrial
For Lease

$7.40/SF/YR
1 space available / 11,008 SF
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1105 W Glen Ave

1105 W Glen Ave, Central Peoria, Peoria, IL
Property Type

VacantLand
For Sale

$275,000
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Knoxville Crossing Outlots

Knoxville Avenue & Alta Road, Far North Peoria, Peoria, IL
Property Type

VacantLand
For Sale

Subject To Offer
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East Peoria Pad Sites

NWC Main Street and Washington Street, Downtown Peoria, Peoria, IL
Space Type

Retail
For Lease Contact for pricing

2 spaces available / 34,848 - 43,560 SF
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4200 N Sterling Ave

4200 N Sterling Ave, Central Peoria, Peoria, IL
Property Type

Retail
For Sale

$2,700,000
Property size 3,709 SF
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1 News Plz

1 News Plz, East Bluff, Peoria, IL
Space Type

Office
For Lease Contact for pricing

1 space available / 60,000 SF
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4521 N Prospect Rd

4521 N Prospect Road, Peoria Heights, Peoria, IL
Space Type

Retail
For Lease

$16.00/SF/YR
1 space available / 10,090 SF
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Sterling Commons

4119-4205 N Sterling Ave, Northwest Peoria, Peoria, IL
Space Type

Retail
For Lease Contact for pricing

1 space available / 2,000 SF
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322 E. War Memorial Dr.

322 E. War Memorial Dr., Central Peoria, Peoria, IL
Space Type

Office
For Lease

$750.00 - $1,000.00/MO
2 spaces available / 848 - 928 SF
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1100 W Detweiller Dr

1100 W Detweiller Dr, North Peoria, Peoria, IL
Property Type

Industrial
For Sale

$984,000
Built in 1998 / Property size 12,312 SF
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Frequently Asked Questions

Here is a rundown of the primary commercial real estate property types currently available in Peoria:
- Office Space: The market includes 1,406,400 square feet of office spaces in addition to 149 coworking locations.
- Retail Space: Between malls, restaurants and stores, Peoria is home to 1,800,362 square feet of available retail space.
- Industrial Space: Warehouses, distribution centers, manufacturing facilities and other industrial types total 1,296,567 square feet of available space in Peoria.
The average rent for commercial real estate in Peoria is $12.92 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in Peoria costs $2.5, while the city’s premium locations ask up to $40.
Here is a breakdown of the average size of different property classes (also known as asset class or property type):
- Class A/A+ properties have an average size of 33,037 square feet.
- Class B properties are sized 26,871 square feet, on average.
- Class C properties span an average of 27,325 square feet.
The best area for commercial real estate in Peoria will depend greatly on your needs. The neighborhood with the largest overall number of commercial listings is Central Peoria, home to no fewer than 85 listings for space of all types. If you're looking for office space, Central Peoria has the highest concentration of office listings at 53.

Meanwhile, North Peoria has the highest number of industrial availabilities (16), while Central Peoria boasts the largest number of retail listings in the city (32).
CommercialCafe’s CRE offering in Peoria is enabled by a network of 31 active brokers from 15 different firms, ensuring a wide variety of listings. Working with an experienced professional can make a real difference. Learn more about the benefits of working with a broker.

To get in touch with a broker, use the "Contact Property" button on this search page or fill in the contact form provided on each individual property’s listing page.
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, local market conditions, the state of the local economy and the demand for that particular type of commercial property, to name a few.

Asking rents in the city can be as high as $40 per square foot. In particular, the property type commanding the highest lease rates in Peoria is Office space.
The average size of a commercial property here stands at 15,075. However, different asset classes and zoning laws will result in vastly different property sizes. Here is a breakdown of the average size of different commercial asset classes in Peoria:
Office properties:
- Average size: 26,045 square feet.
- Largest property: 1 News Plaza (60,000 square feet).
Retail properties:
- Average size: 50,011 square feet.
- Largest property: 400B (93,378 square feet).
Industrial properties:
- Average size: 48,021 square feet.
- Largest property: Unit C1 (70,000 square feet).

Peoria, IL Commercial Space Listings

Commercial Space for Lease - Breakdown

The 116 listings for commercial real estate currently available for rent in Peoria add up to 1,638,553 square feet across various property types. Here's a breakdown of the available space by category:

Property Type	Count of Listings	Total Sq. Ft.
Office	59	542,335
Retail	32	576,259
Industrial	23	504,884
Other	2	15,075

Office properties:

The market has 59 active office listings, encompassing 542,335 square feet.
Peoria office spaces currently listed on CommercialCafe represent 50% of the total commercial real estate market in Peoria, compared to an average of 39% across all markets tracked by CommercialCafe.

Retail Space:

There are 32 retail listings available, adding up to a total of 576,259 square feet.
Retail spaces account for approximately 27% of the local commercial market, while the average share taken up by retail in all U.S. markets is 35%.

Industrial Space:

The industrial market in Peoria offers 23 listings, amounting to 504,884 available square feet.
Industrial spaces, including warehouses and manufacturing sites, make up about 19% of the total commercial space available in the market, compared to a nationwide average of 25%.

Commercial Space for Sale - Breakdown

There are currently 58 properties listed for sale in the Peoria market, adding up to 1,262,324 square feet of space available for purchase. Here is a breakdown of the commercial space for sale listed locally:

19 office properties
12 retail properties
10 industrial properties

Property Type	Count of Listings	Total Sq. Ft.
Office	19	146,261
Retail	12	196,705
Industrial	10	391,410
Other	17	527,948

Peoria, IL Commercial Real Estate for Lease and Sale

7718 N Harker Dr

1105 W Glen Ave

Knoxville Crossing Outlots

East Peoria Pad Sites

4200 N Sterling Ave

1 News Plz

4521 N Prospect Rd

Sterling Commons

322 E. War Memorial Dr.

1100 W Detweiller Dr

Frequently Asked Questions

Peoria, IL Commercial Space Listings

Commercial Space for Lease - Breakdown

Commercial Space for Sale - Breakdown

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