Peoria, IL Commercial Land for Sale

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East Peoria, IL Bartonville, IL West Peoria, IL Creve Coeur, IL Peoria Heights, IL Spring Bay, IL Washington, IL Pekin, IL

56 properties

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Updated: Mar 5, 2025

Commercial Land with Road Frontage

8215 N ALLEN Road, Peoria, IL 61615

$1,300,000

2.92 AC lot

2.92‑acre commercial land parcel
340 feet of frontage along N Allen Road
Reported traffic volume of 18,000 vehicles per day
C2 zoning
Water available

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Updated: Dec 9, 2025

Commercial Land Development Site

1003-07-13 NORTH Street, Peoria, IL 61604

$75,000

0.80 AC lot

0.8‑acre commercial land development site in Peoria, IL
Commercial zoning
Natural gas available
Public water
Legal descriptions include Groves Sub SW 1/4 Sec 4‑8‑8E Lot 11

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Commercial Land with Public Water

W ALTA Road, Peoria, IL 61615

$499,900

1.29 AC lot

Commercially zoned land with public water and natural gas availability along W Alta Road.

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Shovel-Ready Retail Development Site

3624 N University Street # Lot 2-east, Peoria, IL 61604

$640,000

0.59 AC lot

Corner land parcel with access roads and utilities stubbed to the boundary, next to a new Dutch Bros Coffee.

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Infrastructured C-2 Development Land

900 W. Trailcreek Drive, Peoria, IL 61615

$703,494

3.80 AC lot

Infrastructured, high-visibility land zoned C-2 and suited for office or multifamily development near established retail.

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Commercial Land with Main Street Frontage

521 N. Main Street, Peoria, IL 61602

$1,000,000

1.28 AC lot

1.28+/- acre commercial land parcel with 373' frontage on Main Street near downtown Peoria and Bradley University.

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Peoria Land Parcels For Sale

5423 W Wood Sage Rd, Peoria, IL 61615

$1,094,228

23 sqft

Three parcels available near retail area in North West Peoria.

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Commercial Development Land

8215 N Allen Road, Peoria, IL 61615

$1,300,000

3.00 AC lot

Commercial development land with 340 feet of frontage along N Allen Rd and income from an on-site billboard.

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Commercial Land Near Retail Anchors

10800 North Centerway Drive, Peoria, IL 61615

Contact for pricing

38,332 sqft

Ground-lease site within a retail development with C-2 zoning and access from Centerway Drive.

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Commercial Land with Access Road

3624 UNIVERSITY Street, Peoria, IL 61604

$999,500

Commercial land positioned within a planned redevelopment featuring improved circulation and utility access to the outlot boundary.

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Commercial Land With Utility Access

3624 UNIVERSITY Street, Peoria, IL 61604

$1,250,000

Redevelopment parcel with planned access improvements and utility rough-ins extending to the outlot boundary.

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Commercial Land at Redevelopment Corner

3624 UNIVERSITY Street, Peoria, IL 61604

$349,000

Planned site improvements include a new access road and utility rough-ins at the outlot boundary.

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Commercial Land Parcel with Dual Zoning

1123 W Florence Ave, Peoria, IL 61604

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1.15 AC lot

Versatile commercial land parcel with dual O1 and C2 zoning at a key intersection near I-74.

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Commercial Land Near Shopping Center

5712-5720 N Knoxville Ave, Peoria, IL 61614

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2.15 AC lot

2.15 acres zoned commercial, positioned next to Junction City Shopping Center with 21,500 CPD nearby.

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Glen Avenue Commercial Development Opportunity

1105 W Glen Ave, Peoria, IL 61614

$275,000

Prime commercial land on a highly trafficked corridor.

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Corner Commercial Land with TIF

3624 N University St, Peoria, IL 61604

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0.59 AC lot

Corner land parcel in a TIF district with an access road and utility rough-in to support retail or service development.

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Commercial Land with Asphalt Parking Lot

3616 N Sheridan Rd, Peoria, IL 61604

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3.37 AC lot

Flat, utility-served parcel zoned R-3 with a large asphalt parking lot and strong roadway visibility.

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Corner Commercial Land with Billboard Lease

1037 S WESTERN Avenue, Peoria, IL 61605

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Four-parcel corner commercial lot on a main thoroughfare with an on-site billboard lease generating extra revenue.

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1.96 Acres in Junction City

5726 N Knoxville Ave, Peoria, IL

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1.96 AC lot

1.96 acres available within the Junction City development.

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Glenhaven Estates Commercial Lots

Glenhaven Estates and Glenhaven Commons Lots, Peoria, IL 61615

$764,912

2,011,600 sqft

Five commercial lots available in Peoria, Illinois.

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Buildable Medical/Office Land Parcel

6000 N Allen Road, Peoria, IL 61614

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Approximately six acres total with three acres identified as buildable near a high-traffic Allen Road intersection.

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Commercial Land For Rent

4150 North Sterling Avenue, Peoria, IL 61613

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Commercial land available for rent in Peoria, Illinois.

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Office-Zoned Commercial Land

3772 N Brandywine Drive, Peoria, IL 61614

$79,900

Commercial land currently zoned O2 with high-visibility frontage along War Memorial Drive.

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Peoria Commercial Property For Sale

1105 - 1123 West Florence Avenue, Peoria, IL 61604

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Dual-zoned property in Peoria, ideal for retail or office.

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Peoria, IL Commercial Land Market Trends and Statistics

Explore 57 commercial land for sale in Peoria, IL, showcased through 56 active listings on our real estate platform. These investment opportunities span a total of 15,075,005 square feet of properties for sale, with an estimated market value of $10,330,934.

Sale prices for commercial lots in Peoria, IL start at $75,000, averaging $737,923, and reaching up to $1,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 161K

Population Growth (5Y) -4.8%

Median Household Income $60,369

College Educated 13.0%

High-Yield Neighborhoods for Investment

Identify Peoria submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
61614	$95K
61604	$272.3K
61603	$425K
61615	$761.7K
61602	$1M

Taxes & Financing

Tax Rate (average for all types) 9.17%

Property Tax per SF $24.08 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Peoria County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Peoria fall within the 1 to 5 acres range.

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