Peoria, IL Retail Space for Lease

Search 39 retail listings in Peoria, IL and find helpful local stats in the Market Overview section below.

8817 N. Knoxville Ave

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

Retail

153,090 SF
Availability

5 Spaces

119,705 SF
For Lease Contact for pricing
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5012 N Big Hollow Rd

5012 N Big Hollow Rd, Northwest Peoria, Peoria, IL
Property

Retail

1,050 SF
Availability

1 Space

1,050 SF
For Lease

$14.00/SF/YR
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7715 N University St

7715 N University St, North Peoria, Peoria, IL
Property

Retail

3,300 SF
Availability

1 Space

3,300 SF
Year Built

1975
For Lease Contact for pricing
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Windsor Square

7318 North University St., North Peoria, Peoria, IL
Property

Retail

15,600 SF
Availability

2 Spaces

2,400 SF
Year Built

1960
For Lease

$12.00/SF/YR
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Northwoods Mall Redevelopment Opportunity

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

Retail
Availability

1 Space

44,444 SF
For Lease Contact for pricing
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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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Pioneer Square

7501 N University, North Peoria, Peoria, IL
Property

Retail

65,000 SF
Availability

21 Spaces

24,333 SF
Year Built

1976
For Lease

$7.68 - $3,000.00/SF/YR
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5001 N Big Hollow Rd

5001 N Big Hollow Rd, Northwest Peoria, Peoria, IL
Property

Retail

46,430 SF
Availability

1 Space

46,430 SF
Year Built

2003
For Lease

$15.00/SF/YR
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5901 N Prospect ave

5901 N Prospect ave, Central Peoria, Peoria, IL
Property

Office

105,557 SF
Availability

15 Spaces

27,959 SF
Year Built

1962
For Lease Contact for pricing
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Westlake Shopping Center

NWC I-74 & Sterling Avenue, Northwest Peoria, Peoria, IL
Property

Retail

210,726 SF
Availability

3 Spaces

24,675 SF
For Lease Contact for pricing
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5012 N Big Hollow Rd - Glen Hollow Shopping Plaza

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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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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7044 N University St

7044 N University St, North Peoria, Peoria, IL
Property

Retail

1,317 SF
Availability

1 Space

1,317 SF
For Lease

$12.00/SF/YR
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715 Western Ave Peoria

715 Western Ave Peoria, West Peoria, Peoria, IL
Property

Retail

3,214 SF
Availability

1 Space

3,214 SF
For Lease

$15.70/SF/YR
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Shoppes West

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

Retail

22,210 SF
Availability

7 Spaces

10,502 SF
For Lease

$13.00 - $20.00/SF/YR
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3526 N University St.

3526 N University St., Central Peoria, Peoria, IL
Property

Retail

2,800 SF
Availability Contact for availability

For Lease Contact for pricing
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428 SW WASHINGTON ST

428 SW WASHINGTON ST, Downtown Peoria, PEORIA, IL
Property

Retail

6,400 SF
Availability

1 Space

1,586 SF
Year Built

1970
For Lease

$14.00/SF/YR
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7815 N Knoxville Ave

7815 N Knoxville Ave, North Peoria, Peoria, IL
Property

Retail

32,256 SF
Availability Contact for availability

For Lease Contact for pricing
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3615 N. Wisconsin Ave.

3615 N. Wisconsin Ave., Central Peoria, Peoria, IL
Property

Retail

6,269 SF
Availability

1 Space

4,269 SF
For Lease Contact for pricing
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7916 N Hale Ave

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

Retail

10,980 SF
Availability

2 Spaces

4,785 SF
For Lease

$12.00/SF/YR
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Retail Space Rents in Peoria, IL

Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Peoria asks $14.86 per square foot.

Retail Space Lease Types in Peoria, IL

The most common type of lease agreement you’ll find here is NNN, with 26 space(s) available under this type of arrangement. The local market is also home to 4 retail space(s) offered under a Full Service lease agreement type, and 3 Modified Gross listing(s).

Most Common Type of Lease for Retail Buildings in Peoria, IL

NNN 26
Full Service 4
Modified Gross 3

Average Size of Retail Space for Lease in Peoria, IL

The average size for this type of rental opportunity in Peoria is 1,000 sqft to 2,500 sqft. Currently, the local market offers 62 listing(s) within that size range. You can also search 22 listing(s) in the more than 5,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.

Retail Space Types You Can Lease in Peoria, IL

Retail space in Peoria comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Regional Mall and you can find 1 such space(s) available.  

Regional Mall spaces listed for rent here have an average size of 153,018 square feet. Regional shopping centers or regional malls are among the largest retail properties you can find. They tend to bring together a large number of customers with a wide array of businesses ready to cater to a diverse array of needs and interests.

However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.

Top Locations to Lease Retail Space in Peoria, IL

In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.

Central Peoria is your top choice for lease opportunities, as it is currently home to the highest number of listings — 43 retail space(s). The most popular space type here is Strip Retail. You can find 2 such listing(s) here.

Peoria’s second most popular area is North Peoria, where you can find 40 retail listing(s). The most likely type of space you can rent here is Strip Center. If this is the kind of property you are looking for, you will find 2 listing(s) available here.

Northwest Peoria is also among the best areas to search for your next commercial space. Here you can find 30 retail space(s) available for consideration by prospective tenants, of which 6 are Strip Retail.

Top Locations to Lease Retail Space in Peoria, IL

Central Peoria

43

North Peoria

40

Northwest Peoria

30

South Peoria

2

North Valley

1

Key Factors to Consider When Choosing a Retail Space for Lease

When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.

Data based on retail spaces listed for rent on CommercialSearch.com

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