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311 W Romeo B Garrett Ave
Peoria, IL 61605

$1,146,352 USD

Medical For Sale  •  8,000 SF

Property Details

• Property Type Medical
• Total Building Size 8,000 SF
• Lot Size 1.16 AC
• Building Class C
• Year Built 2002
• Cap Rate 8.50 %
• Tenancy Single
• Zoning NEC

51 Transit Score

69 Walk Score

Highlights

Less than a mile from the Order of Saint Francis (OSF) Medical Center, one of the largest healthcare facilities in the state

Less than half a mile from Interstate 74 (1-74), a significant thoroughfare through the center of Peoria

Founded in 1861, Hanger Clinic is one of the oldest providers of orthotic and prosthetic services in the United States

Acquired in 2022 by California private equity firm Patient Square Capital for roughly $1.25 billion

Prosthetics and orthotics market size was valued at USD 6.76 billion in 2023; the market is anticipated to grow

Tenant reimburses expenses monthly outside of structural components

Cap Rate:

8.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Hanger Clinic	8,000 SF	5/30/2026

Public Transportation

Airport	Drive	Walk	Distance
General Downing - Peoria International	13 min	-	6.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	75
Type:	Surface
Included in Rent:	Yes