Peoria, IL
Commercial Real Estate Market Trends & Data

$284 Avg asking sale price
$269 Avg asking lease rate
16,179 SF Avg unit lease size
47,099 SF Avg building size for sale
7.63% Average cap rate

Peoria's Demographic Profile

Peoria has 47,510 households and a median income of $52,322, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 113,764
# Households 47,510
Median age 37
Median household income $52,322
Avg household size 2.0
Renter-occupied housing units 21,892
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Peoria, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Peoria $87 42,859 SF 9.02%
East Peoria $71 89,737 SF 9.02%
Germantown Hills $64 6,168 SF 11.89%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Peoria $68 82,663 SF 8.51%
Bellevue $101 17,350 SF 6.75%
East Peoria $58 135,741 SF 8.51%
Nearby Retail Markets Avg Cost/SF Typical Size
Peoria $338 31,804 SF
Bartonville $37 7,400 SF
East Peoria $40 16,261 SF
Peoria Heights $64 43,980 SF
Dunlap $110 4,500 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Toulon $79 3,058 SF 9.00%
Normal $103 12,162 SF 9.33%
Bloomington $115 17,299 SF 9.33%

Commercial Properties For Sale in Peoria

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Dutch Bros

Peoria, IL 61604

  • 1,268 SF Retail Building
  • 5.50% Cap Rate
  • $2,999,000
For Sale

Raising Cane's

Peoria, IL 61615

  • 3,709 SF Retail Building
  • 5.00% Cap Rate
  • $2,700,000
For Sale

7 Brew | 2026 Construction

East Peoria, IL 61611

  • 510 SF Retail Building
  • $2,083,333
For Sale

Brink's

Peoria, IL 61604

  • 12,400 SF Industrial Building
  • 6.75% Cap Rate
  • $1,307,000
For Sale

3322 W Willow Knolls Rd

Peoria, IL 61614

  • 5,198 SF Office Building
  • 6.96% Cap Rate
  • $1,350,000
For Sale

4616 Enterprise Drive

Bartonville, IL 61607

  • 24,400 SF Industrial Building
  • $1,950,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Peoria pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Peoria $284 47,099 SF
West Peoria $178 1,676 SF
Bellevue $142 17,350 SF
Bartonville $86 11,267 SF
East Peoria $320 87,763 SF

Regional Demographic Comparison

This comparison places Peoria alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Peoria or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Peoria 113,764 47,510 37 $52,322 2 21,892 -1%
West Peoria 3,994 1,793 41 $49,409 2 646 -2%
Bellevue 1,875 804 45 $55,211 2 182 -3%
Bartonville 5,523 2,385 44 $59,625 2 558 -4%
East Peoria 22,617 9,807 44 $64,319 2 2,507 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Peoria, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Peoria

View All Commercial Real Estate For Sale in Peoria
Is Peoria a good market for a first-time commercial real estate investor?

Peoria offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Peoria?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Peoria. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Peoria?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Peoria. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Peoria compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Peoria. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Peoria acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Peoria, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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