Peoria, IL Commercial Real Estate for Lease and Sale

Explore 122 listings of Peoria commercial real estate for lease and for sale to find the best space for your business.

Shoppes West

7700 - 7730 N. Grand Prairie Drive, Northwest Peoria, Peoria, IL
For Lease

Contact for pricing
Property

Retail

22,210 SF
Availability

7 Spaces

10,502 SF
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456 Fulton

456 Fulton , Downtown Peoria, Peoria, IL
For Lease

$150.00 - $2,500.00/MO
Property

Office

39,588 SF
Availability

10 Spaces

11,766 SF
Year Built

1984
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Regency Plaza

222 NE Monroe Street, Downtown Peoria, Peoria, IL
For Lease

$13.50/SF/YR
Property

Office

272,875 SF
Availability

3 Spaces

32,070 SF
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7717 N University St.

7717 N University St., North Peoria, Peoria, IL
For Lease

$9.50/SF/YR
Property

Retail

14,325 SF
Availability

4 Spaces

14,325 SF
Year Built

2001
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KELLER STATION

6035 N KNOXVILLE , Central Peoria, PEORIA, IL
For Lease

$17.00 - $44.57/SF/YR
Property

Retail

64,000 SF
Availability

24 Spaces

23,708 SF
Year Built

1936
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5 Stall Heated Garage

421 e moneta ave, Peoria Heights, IL
For Lease

Contact for pricing
Property

Industrial

3,200 SF
Availability Contact for availability
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Dominion Square

1301 W. Pioneer Parkway, North Peoria, Peoria, IL
For Lease

$12.00/SF/YR
Property

Retail

20,954 SF
Availability

4 Spaces

9,232 SF
Year Built

1990
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822-827 WAR MEMORIAL DR & 3716 ILLINOIS AVE

827 War Memorial Dr, Peoria Heights, IL
For Sale

$279,000
Property

Industrial

5,846 SF
Year Built

1936
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428 SW WASHINGTON ST

428 SW WASHINGTON ST, Downtown Peoria, PEORIA, IL
For Lease

$14.00/SF/YR
Property

Retail

6,400 SF
Availability

1 Space

1,586 SF
Year Built

1970
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PNC Building

301 SW Adams St, Downtown Peoria, Peoria, IL
For Lease

$11.00/SF/YR
Property

Office

78,514 SF
Availability

11 Spaces

76,992 SF
Year Built

1926
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712-720 W Main St

712-720 W Main St, West Bluff, Peoria, IL
For Sale

$179,900
Property

Retail

3,471 SF
Year Built

1974
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ATS Building

8201 N University St, North Peoria, Peoria, IL
For Lease

$4.50/SF/YR
Property

Industrial

257,336 SF
Availability

1 Space

257,336 SF
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Maxam Building - First Floor

316 SW Washington St, Downtown Peoria, Peoria, IL
For Lease

$14.00/SF/YR
Property

Retail

7,826 SF
Availability

1 Space

7,826 SF
Year Built

1888
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7916 N Hale Ave

7916 N Hale Ave, North Peoria, Peoria, IL
For Lease

$12.00/SF/YR
Property

Retail

10,980 SF
Availability

1 Space

3,200 SF
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7820 N. University

7820 N. University, North Peoria, Peoria, IL
For Lease

$8.00 - $9.00/SF/YR
Property

Office

18,000 SF
Availability

3 Spaces

4,740 SF
Year Built

1978
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3615 N. Wisconsin Ave.

3615 N. Wisconsin Ave., Central Peoria, Peoria, IL
For Lease

Contact for pricing
Property

Retail

6,269 SF
Availability

1 Space

4,269 SF
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7800 N Sommer St

7800 N Sommer St, North Peoria, Peoria, IL
For Lease

$8.00 - $12.00/SF/YR
Property

Office

25,000 SF
Availability

5 Spaces

10,846 SF
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7310 N. Villa Lake Drive

7310 N. Villa Lake Drive, Northwest Peoria, Peoria, IL
For Lease

$15.00/SF/YR
Property

Office

1,200 SF
Availability

1 Space

1,200 SF
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2022 W Townline Rd

2022 W Townline Rd, North Peoria, Peoria, IL
For Lease

$5.50/SF/YR
Property

Industrial

56,000 SF
Availability

1 Space

56,000 SF
Year Built

1969
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100 NE Randolph Ave

100 NE Randolph Ave, Downtown Peoria, Peoria, IL
For Sale

$990,000
Property

Retail

35,000 SF
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HGS Building

5515 US Route 150 (War Memorial), Northwest Peoria, Peoria, IL
For Sale

Contact Broker
Property

Office

49,298 SF
Year Built

1995
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911 Detweiller Dr

911 Detweiller Dr, North Peoria, Peoria, IL
For Lease

$4.50/SF/YR
Property

Industrial

24,060 SF
Availability

1 Space

24,060 SF
Year Built

1973
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2504 W Rohmann

2504 W Rohmann , West Peoria, Peoria, IL
For Sale

$159,000
Property

Retail

4,284 SF
Year Built

1940
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322 E War Memorial Dr

322 E War Memorial Dr, Central Peoria, Peoria, IL
For Lease

$12.50/SF/YR
Property

Office

7,452 SF
Availability

1 Space

2,150 SF
Year Built

1965
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5201 W War Memorial Drive

5201 W War Memorial Drive, Northwest Peoria, Peoria, IL
For Lease

Contact for pricing
Property

Retail

468,520 SF
Availability

1 Space

153,018 SF
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Sheridan Plaza

4325 N Sheridan Road, Central Peoria, Peoria, IL
For Lease

$11.50 - $13.00/SF/YR
Property

Retail

13,897 SF
Availability

3 Spaces

4,084 SF
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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 1,970,329 square feet of office space across 51 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 2,439,306 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 504,968 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 1,115,293 square feet of available listings. Office space available in Peoria adds up to 481,319 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 $15.01 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 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 41,922 square feet.
Retail properties here incorporate an average of 56,728 square feet.
Industrial space in Peoria is in buildings that are, on average 50,497 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 2,053,340 square feet. The market offers 37 active office listing(s), which amount to 481,319 square feet and account for 43% of commercial spaces on the market. Local retail availability includes 1,115,293 square feet across 35 retail space(s). Industrial space for rent opportunities in Peoria amount to 433,022 square feet across a total of 10 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	37	481,319
Retail	35	1,115,293
Industrial	10	433,022
Other	3	23,706

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 1,231,567 square feet of commercial property for sale here , which includes 14 office building(s) for sale , 14 retail investment opportunity listing(s) , and 3 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	14	464,723
Retail	14	158,563
Industrial	3	52,246
Other	12	556,035

Peoria, IL Commercial Real Estate for Lease and Sale

Shoppes West

456 Fulton

Regency Plaza

7717 N University St.

KELLER STATION

5 Stall Heated Garage

Dominion Square

822-827 WAR MEMORIAL DR & 3716 ILLINOIS AVE

428 SW WASHINGTON ST

PNC Building

712-720 W Main St

ATS Building

Maxam Building - First Floor

7916 N Hale Ave

7820 N. University

3615 N. Wisconsin Ave.

7800 N Sommer St

7310 N. Villa Lake Drive

2022 W Townline Rd

100 NE Randolph Ave

HGS Building

911 Detweiller Dr

2504 W Rohmann

322 E War Memorial Dr

5201 W War Memorial Drive

Sheridan Plaza

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

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us