Description

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Marcus & Millichap is pleased to present 1431 Harmony Court in Itasca, Illinois. The property was originally one of the buildings that was home to Armstrong Aeronautics, developer of aviation devices used by the commercial airline industry. Armstrong sold out to Astronics Corporation a publicly traded company (ATRO) and subsequently, Astronics made the decision to move the entire operation to Waukegan, Illinois where it has found space that would allow the entire Illinois operation to be under one roof.

The property is a 6,080-square foot industrial building including approximately 988 square feet of office space. The property has long been used for the assembly of airline assemblies required on today's aircraft for communication purposes. The property has been completely renovated. The office space has new floors, cabinetry, bathroom and paint. There have been upgrades in electricity and HVAC along with the industrial space being completely painted. The building is located in a flood plain and the elevation document is available for review. Ownership reports that they have never had a flood on the property.The building is ideally located off of Prospect Avenue in the O'Hare industrial submarket. Access to Interstate 390, the direct route into O'Hare International Airport is less than one mile away.

The property is part of a three-building portfolio being sold by Astronics. The properties can be purchased together or separately; also included in the portfolio are 1377 Industrial Drive and 1437 Harmony Court.