Commercial Real Estate Market in Peoria Heights, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 259 off-market properties in Peoria Heights, IL. Commercial property asks $71/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Peoria Heights, IL spans 2.5 square miles in Peoria County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Peoria Heights, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Peoria Heights, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Peoria Heights, IL runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Peoria Heights, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Peoria Heights, IL has 5,966 residents in 3,119 households. Density runs 2,347 people per square mile. Median household income here is $62,083 and median gross rent $921 a month.
5,966
Population
3,119
Households
1.9
Avg Household Size
38
Median Age
27%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
2,347
Density / Sq Mi
$62,083
Median Household Income
$36,604
Median Earnings
$921
Median Rent
$118,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| East Peoria | — | — |
| Peoria | — | $14.55 |
| West Peoria | — | — |
| Creve Coeur | — | — |
Commercial property in Peoria Heights, IL asks $71/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Peoria Heights?
Commercial property in Peoria Heights, IL asks an average of $71 per square foot.
How much does it cost to lease commercial space in Peoria Heights?
Asking lease rates in Peoria Heights, IL average $10.00 per square foot per year.
Where does Realmo's Peoria Heights market data come from?
Realmo compiles Peoria Heights, IL figures from 5 recent recorded sales, 8 active sale listings, 11 active lease listings, 259 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 11 active for-lease listings in Peoria Heights, IL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
