Peoria, IL Commercial Real Estate

Search commercial property for lease or for sale and view the Market Overview section below for local stats and insights.

187 Listings

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$4,260,000
Metro Centre Outlots
4700 - 4712 North University Street, Central Peoria, Peoria, IL
Property Type
Retail
57,368 SF
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$11.50 - $13.00/SF/YR
Sheridan Plaza
4325 N Sheridan Road, Central Peoria, Peoria, IL
Space Type
Retail
2 spaces

1,111 - 1,984 SF
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$12.00/SF/YR
7916 N Hale Ave
7916 N Hale Ave, North Peoria, Peoria, IL
Space Type
Retail
2 spaces

1,470 - 1,585 SF
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2 of 2
Price on request
1326 SW Jefferson
1326 SW Jefferson , South Peoria, Peoria, IL
Space Type
Land
1 space

6,000 SF
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$14.00/SF/YR
435 S Western Ave
435 South Western Avenue, South Peoria, Peoria, IL
Space Type
Office
1 space

3,057 SF
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$10.00 - $13.50/SF/YR
1301 W Pioneer Pkwy
1301 W Pioneer Pkwy, North Peoria, Peoria, IL
Space Type
Retail
4 spaces

1,172 - 3,500 SF
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$640,000
Family Dollar
330 N Western Avenue, West Bluff, Peoria, IL
Property Type
Retail
10,834 SF
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$10.83 - $925.00/SF/YR
Strong Business Center
3100 Knoxville, Central Peoria, Peoria, IL
Space Type
Office
8 spaces

400 - 1,644 SF
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$10.00 - $29.17/SF/YR
1609 Detweiller Dr
1609 Detweiller Dr., North Peoria, Peoria, IL
Space Type
Office
5 spaces

144 - 3,000 SF
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$9.00/SF/YR
1230 W Candletree
1230 W Candletree, North Peoria, Peoria, IL
Space Type
Office
1 space

1,510 SF
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3 of 3
$7.50 - $12.00/SF/YR
1014 W Pioneer Parkway
1014 W. Pioneer Parkway, North Peoria, Peoria, IL
Space Type
Office
2 spaces

400 - 5,120 SF
1 of 1
$7.00/SF/YR
456 Fulton St, Unit 398
456 Fulton St, Unit 398, Downtown Peoria, Peoria, IL
Space Type
Office
1 space

1,200 SF
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$199,000
3320 Northeast Adams Street
3320 Northeast Adams Street, North Valley, Peoria, IL
Property Type
Industrial
Built in 1952

19,780 SF
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$350,000
7723 N University St
7723 N University St, North Peoria, Peoria, IL
Property Type
Retail
Built in 1969

2,698 SF
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$175,000
456 Fulton St, Suite 350
456 Fulton Street, Downtown Peoria, Peoria, IL
Property Type
Office
Built in 1984

4,512 SF
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$7.00/SF/YR
2004 Knoxville Avenue
2004 Knoxville Avenue, East Bluff, Peoria, IL
Space Type
Retail
2 spaces

6,000 - 8,141 SF
1 of 1
Price on request
East Peoria Pad Sites
NWC Main Street and Washington Street, Downtown Peoria, Peoria, IL
Space Type
Retail
2 spaces

34,848 - 43,560 SF
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$2,890,000
5728 Knoxville Dr
5728 Knoxville Avenue, Central Peoria, Peoria, IL
Property Type
Office
Built in 2014

15,198 SF
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$12.50/SF/YR
311 Water St
311 Water St, Downtown Peoria, Peoria, IL
Space Type
Office
1 space

2,565 SF
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$995,000
8630 N Allen Rd
8630 N Allen Rd, North Peoria, Peoria, IL
Property Type
Office
12,129 SF
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$9.00 - $500.00/SF/MO
456 Fulton St, Suite 350
456 Fulton Street, Downtown Peoria, Peoria, IL
Space Type
Office
15 spaces

81 - 4,512 SF
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$4.00/SF/YR
208 SW Center St
208 SW Center St, South Peoria, Peoria, IL
Space Type
Industrial
1 space

7,163 SF
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$6.00/SF/YR
1601 W. Luthy Drive
1601 W. Luthy Drive, North Peoria, Peoria, IL
Space Type
Industrial
1 space

3,500 SF
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2 of 2
$7.50 - $9.00/SF/YR
2000 Pioneer Parkway
2000 Pioneer Parkway, North Peoria, Peoria, IL
Space Type
Office
2 spaces

534 - 934 SF
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$2,969,454
Shoppes West
7700 - 7730 N. Grand Prairie Drive, Northwest Peoria, Peoria, IL
Property Type
Retail
Built in 2003

22,210 SF
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2 of 2
$595.00/MO
3701 Sheridan Road
3701 Sheridan Road, Central Peoria, Peoria, IL
Space Type
Retail
1 space

460 SF
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One Technology Plaza
211 Fulton Street, Downtown Peoria, Peoria, IL
Space Type
Office
16 spaces

1,220 - 19,602 SF
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$9.00/SF/YR
5113 N Executive Dr Suite 105
5113 North Executive Drive, Central Peoria, Peoria, IL
Space Type
Office
1 space

2,243 SF
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$1,900.00/MO
1625 West Candletree Drive
1625 West Candletree Drive, North Peoria, Peoria, IL
Space Type
Office
1 space

1,900 SF
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$349,900
502 E War Memorial
502 East War Memorial Drive, Central Peoria, Peoria, IL
Property Type
Office
Built in 1969

3,475 SF
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$3,100,000
Marquette Place Apartments
701 Main Street, Downtown Peoria, Peoria, IL
Property Type
Multi-Family
Built in 1924

17,292 SF
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$12.00/SF/YR
4600 N Brandywine Dr
4600 N Brandywine Dr, Central Peoria, Peoria, IL
Space Type
Office
2 spaces

6,004 - 9,469 SF
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$150,000
2026 N University St
2026 N University St, West Bluff, Peoria, IL
Property Type
Retail
1,332 SF
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2 of 2
$18.00/SF/MO
6009 N Knoxville Ave - Unit 101
6009 Knoxville Avenue, Central Peoria, Peoria, IL
Space Type
Office
1 space

5,000 SF
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$1,900.00/SF/MO
6400 N University St
6400 North University Street, North Peoria, Peoria, IL
Space Type
Office
1 space

2,500 SF
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2 of 2
Price on request
5012 N Big Hollow Rd - Glen Hollow Shopping Plaza
5012 N Big Hollow Rd, Northwest Peoria, Peoria, IL
Space Type
Retail
1 space

1,050 SF
1 of 1
$450,000
8700 North Allen Road
8700 North Allen Road, North Peoria, Peoria, IL
Property Type
VacantLand
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The Shoppes at Grand Prairie
Route 91 & War Memorial Drive, Northwest Peoria, Peoria, IL
Space Type
Retail
14 spaces

683 - 93,378 SF
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$1,100,000
8819 N Pioneer Rd
8819 N Pioneer Rd, North Peoria, Peoria, IL
Property Type
Industrial
Built in 1986

13,280 SF
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$12.00 - $21.05/SF/YR
725 Southwest Washington Street
725 Southwest Washington Street, Downtown Peoria, Peoria, IL
Space Type
Retail
4 spaces

570 - 5,460 SF

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Peoria, IL Commercial Real Estate Market Overview: Key Trends & Insights

Peoria has 1.6 million square feet of commercial real estate inventory as of 2026. This inventory is distributed across nearly 200 properties.

This overview provides a snapshot of the Peoria commercial sector, highlighting the most important aspects and trends to guide you through the local landscape, whether you are looking to lease or invest in local CRE assets.

Commercial Space for Rent in Peoria, IL

Based on the latest estimates, Peoria, IL offers almost 200 commercial listings for lease, totaling about 1.6 million square feet.

Current leasing options comprise 62 office listings, which represent approximately 54.87% out of the total leasing inventory. There are also 13 industrial and warehouse listings, making up 11.50% of the total. Additionally, 38 retail listings make up 33.63% of the local leasing market. These types are supplemented by 2 listings for lease belonging to other commercial types.

Property type No. of Listings Total Sq. Ft. Avg. Asking Rent

Office 62 1,927,691 N/A

Retail 38 2,104,772 $12.86

Industrial 13 934,055 $5.19

Other 2 152,797 N/A

Commercial Real Estate for Sale in Peoria, IL

As of 2026, Peoria, IL has a total of 67 commercial real estate properties for sale.

This inventory includes 14 office assets, 9 industrial facilities and 19 retail properties available for purchase.

The largest share is held by Retail, with 28.36% out of local properties for sale belonging to this asset type. Office has the next largest share at 20.90%, while Industrial makes up 13.43% of commercial properties for sale in Peoria.

Property type No. of Listings Total Sq. Ft.

Office 14 1,927,691

Retail 19 2,104,772

Industrial 9 934,055

Other 25 645,049

Leading Commercial Real Estate Submarkets by Property Type in Peoria, IL

The leading commercial real estate submarkets for different property types in Peoria are:

Office: Downtown Peoria with 64 office listings, totaling 212,286 square feet.
Industrial: North Peoria with 8 industrial listings, totaling 166,630 square feet.
Retail: Central Peoria with 34 retail listings, totaling 167,498 square feet.