Peoria, IL Retail Space for Lease

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

Sterling Commons

4119-4205 N Sterling Ave, Northwest Peoria, Peoria, IL
Property

Retail

2,000 SF
Availability

1 Space

2,000 SF
For Lease Contact for pricing
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901 W. Lake Avenue

901 W. Lake Avenue, Central Peoria, Peoria, IL
Property

Retail

159,000 SF
Availability

1 Space

27,000 SF
Year Built

1971
For Lease

$5.75/SF/YR
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The Shoppes at Grand Prairie

Route 91 & War Memorial Drive, Northwest Peoria, Peoria, IL
Property

Retail

468,520 SF
Availability

14 Spaces

151,216 SF
For Lease Contact for pricing
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Retail Opportunity

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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3311 N. Sterling Ave.

3311 N. Sterling Ave., Central Peoria, Peoria, IL
Property

Retail

86,975 SF
Availability

3 Spaces

5,345 SF
For Lease Contact for pricing
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820 NE Jefferson Ave

820 NE Jefferson Ave, North Valley, Peoria, IL
Property

Retail

7,378 SF
Availability

1 Space

7,378 SF
For Lease

$9.50/SF/YR
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801 W Lake Ave

801 W Lake Ave, Central Peoria, Peoria, IL
Property

Retail

92,280 SF
Availability

7 Spaces

91,859 SF
For Lease

$14.00 - $18.00/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 $12.31 per square foot.

Retail Space Lease Types in Peoria, IL

The most common type of lease agreement you’ll find here is NNN, with 29 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 Net listing(s).

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

NNN 29
Full Service 4
Net 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 55 listing(s) within that size range. You can also search 33 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 Restaurant and you can find 1 such space(s) available.  

Restaurant spaces listed for rent here have an average size of 2,000 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.

The local market is also home to 1 space(s) listed as Freestanding. The average size you can expect to find for this category is 12,424 square feet. Freestanding retail spaces or buildings are a great choice for businesses that need more room to carry out their day-to-day operations and want to stand out. Being located on their own lot and generally featuring more generous showroom and storage space than other such space types, freestanding retail offers tenants the leeway to build the experience they want.

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 — 38 retail space(s). The most popular space type here is Strip Retail. You can find 8 such listing(s) here.

Peoria’s second most popular area is North Peoria, where you can find 37 retail listing(s).

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 4 are Strip Retail.

Top Locations to Lease Retail Space in Peoria, IL

Central Peoria

North Peoria

Northwest Peoria

Downtown Peoria

North Valley

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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Peoria, IL Retail Space for Lease

Sterling Commons

901 W. Lake Avenue

The Shoppes at Grand Prairie

Retail Opportunity

3311 N. Sterling Ave.

820 NE Jefferson Ave

801 W Lake Ave

Retail Space Rents in Peoria, IL

Retail Space Lease Types in Peoria, IL

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

Average Size of Retail Space for Lease in Peoria, IL

Retail Space Types You Can Lease in Peoria, IL

Top Locations to Lease Retail Space in Peoria, IL

Top Locations to Lease Retail Space in Peoria, IL

Key Factors to Consider When Choosing a Retail Space for Lease

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