Peoria, IL Commercial Real Estate for Rent and Sale

Search 174 commercial real estate listings in Peoria, IL and find helpful local stats in the Market Overview section below.

2000 Pioneer Parkway

2000 Pioneer Parkway, North Peoria, Peoria, IL
Property

Office

38,400 SF
Availability

2 Spaces

4,717 SF
For Lease

$7.00 - $7.50/SF/YR
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Medina Plains- Lot #19

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

Land

1.98 Acre
For Sale

$366,557
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East Peoria Pad Sites

NWC Main Street and Washington Street, Downtown Peoria, Peoria, IL
Property

Retail
Availability

2 Spaces

78,408 SF
For Lease Contact for pricing
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456 Fulton

456 Fulton , Downtown Peoria, Peoria, IL
Property

Office

39,588 SF
Availability

5 Spaces

8,799 SF
Year Built

1984
For Lease

$675.00 - $2,500.00/MO
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Looking for more specific results? Choose your preferred property type

Office Coworking Retail Industrial

Office Retail Industrial Land
W Hickory Grove Rd

W Hickory Grove Rd, Far North Peoria, Dunlap, IL
Property

VacantLand
For Sale

$850,000
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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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7800 N Sommer St

7800 N Sommer St, North Peoria, Peoria, IL
Property

Office

25,000 SF
Availability

5 Spaces

7,096 SF
For Lease

$8.00 - $12.00/SF/YR
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Bed Bath & Beyond

4816 N. University Street, Central Peoria, Peoria, IL
Property

Retail

31,250 SF
Availability

1 Space

31,250 SF
For Lease

$10.00/SF/YR
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4600 N Brandywine Dr

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

Office

21,966 SF
Availability

2 Spaces

15,473 SF
Year Built

1972
For Lease

$12.00/SF/YR
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Freestanding Multi-Tenant Retail Building with Drive-Thru | Jimmy John's, Merle Norma, Cosmetics, The Popcorn Shop

4700 N University St, Central Peoria, Peoria, IL
Property

Retail

4,971 SF
For Sale

$1,280,000
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Glen Knolls Shopping Center

1119 - 1135 W. Glen Ave., Central Peoria, Peoria, IL
Property

Retail

14,400 SF
Availability

1 Space

1,200 SF
For Lease

$14.00/SF/YR
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1700 W Pioneer Pkwy

1700 W Pioneer Pkwy, North Peoria, Peoria, IL
Property

Industrial

12,570 SF
Availability

1 Space

5,000 SF
For Lease

$6.50/SF/YR
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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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7205 - 7207 North Allen Road

7205 - 7207 North Allen Road, Northwest Peoria, Peoria, IL
Property

Office

3,500 SF
Availability

1 Space

3,500 SF
For Lease

$14.00/SF/YR
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Medina Plains

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

Land

318 Acre
For Sale Contact for pricing
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Route 91

Route 91, Northwest Peoria, Peoria, IL
Property

VacantLand
For Sale

Subject to size & location
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311 Water St

311 Water St, Downtown Peoria, Peoria, IL
Property

Office

20,174 SF
Availability

1 Space

2,565 SF
Year Built

1900
For Lease

$12.50/SF/YR
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2305 W Altorfer Dr

2305 W Altorfer Dr, North Peoria, Peoria, IL
Property

Office

11,030 SF
Year Built

1985
For Sale

$795,000
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1616 - 1620 W Chanute Rd

1616 - 1620 W Chanute Rd, North Peoria, Peoria, IL
Property

Industrial

178,920 SF
Year Built

1976
For Sale

$6,500,000
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7405 N University St

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

Office

7,970 SF
Availability

1 Space

7,970 SF
For Lease

$12.00/SF/YR
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Commercial Real Estate Listings in Peoria, IL

The Peoria real estate market has a lot to offer. You will find that Retail space accounts for the largest share of CRE for rent opportunities on the local market. Meanwhile, Office space accounts for the second-largest share of listings on the market.

Peoria, IL Commercial Real Estate Listings for Rent

Type No. of Listings Space Available

Office 65 2,013,485 Sq. Ft.

Retail 53 3,157,112 Sq. Ft.

Industrial 15 946,762 Sq. Ft.

CRE for Rent in Peoria, IL by Use Type

Office

32.91%

Retail

51.61%

Industrial

15.48%

Top Locations for Commercial Space in Peoria, IL

Depending on the type of space that you’re looking for, different areas of Peoria may suit your needs differently. The city’s Central Peoria neighborhood has the highest concentration of CRE listings, offering 76 availabilities on the market. The North Peoria neighborhood is home to the second-largest number of leasing opportunities — 69 listing(s).

At the same time, it is worth noting that the concentration of one particular type of commercial real estate in an area is a good indication of the potential of that neighborhood or submarket. For example, if you want to rent an office, consider that you will find the largest concentration of opportunities in Downtown Peoria.

Top Locations for CRE Listings in Peoria, IL

Neighborhood with most CRE Listings No. of Spaces

Central Peoria 76

North Peoria 69

Downtown Peoria 52

Top Locations for Office Listings in Peoria, IL

Neighborhood with most Office Listings No. of Spaces

Downtown Peoria 49

Central Peoria 36

North Peoria 23

Areas with numerous industrial properties are also more likely to be well-connected logistically. The South Peoria area is the local Peoria submarket with the most listings for rent, at this time.

Retail properties can be both scattered and clustered, mostly depending on the use type and where it best fits in order to be close to the customers. In Peoria, you’ll find the most such opportunities for lease to be in North Peoria.

Top Locations for Industrial Listings in Peoria, IL

Neighborhood with most Industrial Listings No. of Spaces

South Peoria 5

North Peoria 5

Far North Peoria -

Top Locations for Retail Listings in Peoria, IL

Neighborhood with most Retail Listings No. of Spaces

North Peoria 40

Central Peoria 39

Northwest Peoria 34

Commercial Real Estate for Sale in Peoria, IL

If you’re looking to invest in real estate rather than to lease, the local real estate market also has something to offer. There are currently 1,734,751 square feet of commercial property for sale in Peoria. The largest investment opportunity on the local market offers 491,357 square feet of earning potential.

It’s worth noting that not all sale opportunities will have a price listed, but it is easy to reach out to the property representative for more information or to schedule a tour using the contact form or the contact details available on the listing page.

Mixed-Use and Green Commercial Real Estate in Peoria, IL

Mixed-use properties incorporate at least two different types of commercial real estate, which can present a series of advantages. The different real estate types in a mixed-use property can complement each other in ways that sustain mutual success. For instance, ground-floor retail spaces may benefit from the constant stream of office workers to and from the upper floors of the same building, as well as serve the surrounding community.

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