Peoria Heights, IL Retail properties & Spaces for sale

Updated: Sep 25, 2025

Prime Peoria Heights Development Opportunity

1001 E WAR MEMORIAL Drive, Peoria Heights, IL 61616

$950,000

5,776 sqft

1.41 acres of land zoned B‑2 on E War Memorial Drive (US Hwy 150) offering excellent development opportunity.
Located in both a TIF District (Peoria Heights TIF 2) and an Enterprise Zone (Peoria Urban Enterprise Zone #8).
High traffic counts of over 25,000 vehicles daily.
Includes a 5026 Sq. Ft. retail/office building suitable for single or multiple tenants.
Features two hard corners with multiple road accesses.

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This listing looks promising.

Here's a quick look at some key insights for

1001 E WAR MEMORIAL Drive, Peoria Heights, IL 61616,

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Est. Cap Rate

5.1%
NOI ÷ price
Est. NOI

$48K
Annual
Mortgage

$1.32M
Oct 2022
Last Sold

Oct 2022
$975K

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Updated: Apr 10

Retail Space For Sale

1311 E. Duryea Avenue, Peoria Heights, IL 61616

Contact for pricing

2,040 sqft

Retail space for sale with 2,040 SF of commercial area

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Corner Retail Space with Parking

4301 N Prospect Rd, Peoria Heights, IL 61616

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Corner retail space with on-site parking and recent electrical plus high-efficiency heating and cooling upgrades.

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Main-Level Auto Repair Shop

1016 E Marietta Ave, Peoria Heights, IL 61616

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Automotive repair shop with development potential in an Enterprise Zone near shopping, dining, and trails.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 Active listings in Peoria Heights, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Corner Retail and Automotive Building

3037 N Prospect Road, Peoria, IL 61603

$125,000

1,144 sqft

High-traffic corner lot with newer siding and updated office space for automotive or smaller retail uses.

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Peoria Retail Center For Sale

4410 N Knoxville Ave, Peoria, IL 61614

$2,825,000

46,620 sqft

46,620 SF retail center with value-add potential in Peoria, IL.

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Net Leased Retail Building

518 E War Memorial Dr, Peoria, IL 61614

Contact for pricing

5,600 sqft 0.51 AC lot

Single-tenant net leased retail building occupied by Sherwin Williams, with a lease term through May 2027.

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Brick Flat-Roof Storefront Building

804 E FORREST HILL Avenue, Peoria, IL 61603

$70,000

0.09 AC lot

Brick storefront building with a flat roof, tile flooring, forced-air and hot-water heat, plus public sewer access.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land Development Site

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

$75,000

0.80 AC lot

Commercial-zoned land near Peoria with public water and natural gas available for development planning.

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Commercial Land with Road Frontage

8215 N ALLEN Road, Peoria, IL 61615

$1,300,000

2.92 AC lot

C2-zoned commercial land with water available and an existing billboard.

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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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Level Commercial Land

CUMMINGS & CRUGER Road, Washington, IL 61571

$1,200,000

11.31 AC lot

Level commercial acreage with available utilities and potential for division.

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Off-Market Properties in Peoria Heights, IL

Consider similar Off-Market properties in Peoria Heights, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Retail properties & Spaces

4712 Prospect Rd, Peoria Heights, IL 61616

Value Estimation by Request

1,700 sqft

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Peoria Heights, IL Retail Properties & Spaces Market Trends and Statistics

Explore 5 retail properties & spaces for sale in Peoria Heights, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 7,816 square feet of properties for sale, with an estimated market value of $950,000.

Sale prices for stores in Peoria Heights, IL average $950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
61616	$1.1M

Neighborhood

Average Price

61616

$1.1M

Peoria Heights, IL Retail Properties & Spaces for Sale

1001 E WAR MEMORIAL Drive, Peoria Heights, IL 61616

1311 E. Duryea Avenue, Peoria Heights, IL 61616

4301 N Prospect Rd, Peoria Heights, IL 61616

1016 E Marietta Ave, Peoria Heights, IL 61616