Pekin, IL Strip Malls for Lease
- Peoria, IL
- East Peoria, IL
- Morton, IL
- West Peoria, IL
- Washington, IL
- Manito, IL
- Peoria Heights, IL
- Germantown Hills, IL
Strip malls for Lease in Nearby Cities
Similar Spaces for Sale in Pekin, IL
Pekin, IL Strip malls Lease Rates & Market Statistics
Explore 3 Strip malls for lease in Pekin, IL on Realmo, a commercial real estate exchange covering the Pekin area. The current inventory totals 10,465 square feet of properties.
Asking lease rates for Strip malls in Pekin start at $13 SF/Yr, average $13.50 SF/Yr, and reach $14 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $13.50 SF/Yr is 25% below the Illinois state average of $17.95 SF/Yr.
Pekin accounts for 75% of the 4 strip malls currently available across Tazewell County, where a nearby market includes East Peoria. Strip malls are one of the more limited space types in Pekin, with just 3 listings currently available — a scarcity worth factoring into lease negotiations. Tenants comparing options may also consider Storefront properties (4 listings) elsewhere in the Pekin market.
