Hanger Clinic - Peoria, IL | 311 W Romeo B Garrett Ave
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Hanger Clinic - Peoria, IL 311 W Romeo B Garrett Ave
8,000 SF Office Building Peoria, IL 61605 $1,610,258 CAD ($201 CAD/SF) 8.50% Cap Rate
Investment Highlights
- Less than a mile from the Order of Saint Francis (OSF) Medical Center, one of the largest healthcare facilities in the state
- Founded in 1861, Hanger Clinic is one of the oldest providers of orthotic and prosthetic services in the United States
- Prosthetics and orthotics market size was valued at USD 6.76 billion in 2023; the market is anticipated to grow
- Less than half a mile from Interstate 74 (1-74), a significant thoroughfare through the center of Peoria
- Acquired in 2022 by California private equity firm Patient Square Capital for roughly $1.25 billion
- Tenant reimburses expenses monthly outside of structural components
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 8,000 SF Hanger Clinic located at 311 West Romeo B. Garrett Avenue in Peoria, IL. This deal includes a prime medical office location with a strong tenant. Founded in 1861, Hanger Clinic is one of the oldest providers of orthotic and prosthetic services in the United States, with over 900 locations, providing for a secured investment.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BOR: Andrew Ackerman Lic. IL #471021429
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BOR: Andrew Ackerman Lic. IL #471021429
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
8,000 SF
Building Class
C
Year Built
2002
Price
$1,610,258 CAD
Price Per SF
$201 CAD
Cap Rate
8.50%
NOI
$136,872 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,000 SF
Building FAR
0.16
Land Acres
1.16 AC
Opportunity Zone
Yes
Zoning
NEC
Parking
75 Spaces (9.38 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Hanger Clinic
- Health Care and Social Assistance
- 8,000 SF
- $17.11 CAD
- Modified Gross
- May 2026
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Hanger Clinic | Health Care and Social Assistance | 8,000 SF | $17.11 CAD | Modified Gross | May 2026 |
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PROPERTY TAXES
| Parcel Number | 18-09-131-025 | Improvements Assessment | $251,970 CAD |
| Land Assessment | $122,381 CAD | Total Assessment | $374,351 CAD |
PROPERTY TAXES
Parcel Number
18-09-131-025
Land Assessment
$122,381 CAD
Improvements Assessment
$251,970 CAD
Total Assessment
$374,351 CAD
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Benjamin Brigham -
Jason May -
Elan Sieder -
Sands Investment Group Santa Monica, LLC
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Hanger Clinic - Peoria, IL | 311 W Romeo B Garrett Ave
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