Our team is proud to provide a wide range of commercial appraisal services.
There are countless reasons why you may need a commercial appraisal in the Chicago, Illinois region. Perhaps you’re planning to sell or invest in a property, hoping to secure a loan, wanting to appeal a tax assessment, or determine the value of a potential renovation project. However, finding a reliable, timely, and trustworthy appraiser can often be easier said than done. Fortunately, our skilled and experienced team is here to provide the high-quality solutions you deserve.
Here at Second City Appraisal, we’re proud to be a locally owned and operated appraisal firm that offers a complete range of commercial appraisal services. With over 25 years of combined experience under our belt, we’re fully equipped to provide thorough and accurate assessments for all types of clientele. Whether you are purchasing a vacant commercial lot, renovating a commercial facility, or determining the value of someone’s estate, we’re prepared to provide the tailored services you need to make confident and informed decisions.
When you contact us to discuss your commercial appraisal needs, you can expect our team to respond promptly. We prioritize customer satisfaction above all else, and we will make sure to answer any initial questions you may have before setting up an appointment. During the commercial appraisal process, we will carefully inspect every component and detail of the property, compare it with similar properties in the area, and come to a well-informed conclusion about its market value. Our thorough report will cover everything you need to know, and we can typically complete the report within three weeks.
For more information about our commercial appraisal services, please reach out to our firm today.
Contact Second City Appraisal Today!
FAQs About Commercial Appraisal
Commercial real estate decisions often hinge on an accurate understanding of property value. That’s where commercial appraisal services come in. We leverage our experience and expertise to offer thorough valuation reports that are tailored to your needs. Find some of the common questions clients ask about our commercial appraisal services below.
Hidden
What types of commercial properties can you appraise?
We conduct commercial appraisals on a wide range of property types, including office buildings, retail centers, industrial facilities, multifamily properties, and special-purpose sites. We can also handle unique assets such as senior housing and houses of worship. Our approach can handle the specific characteristics and market influences of each property type.
How long does a commercial appraisal take?
The turnaround time for a commercial appraisal varies based on the property size, complexity, and how quickly the necessary data can be gathered. We strive to deliver timely, thorough reports to meet your scheduling needs.
How do you determine the value of a commercial property?
To determine the value of a commercial property, we use one or more recognized valuation approaches: the income approach (based on projected income and expenses), the sales comparison approach (comparables to similar properties recently sold), and the cost approach (replacement cost less depreciation). The method used depends on the property type and intended use of the appraisal.
Are your commercial appraisals accepted by banks and lenders?
Yes. Our commercial appraisals are prepared to professional standards that many banks, credit unions, and mortgage companies recognize for financing decisions.
How do I order a commercial appraisal?
You can contact our team through the online form on our website or call our office directly to discuss your property and objectives. We’ll review your needs, explain the commercial appraisal process, and outline next steps.
Contact Second City Appraisal Today!
