J. Chie, Esquire

Our law firm provides legal work for real estate closings for over 30 years… What distinguishes Chicago Commercial Appraisal Group from other appraisers is the level of thoroughness and details.

A. Raila, Senior Tax Analyst

Gary is a hands-on professional always willing to pick up the phone and work with you... His appraisal firm produces one of the best real estate forecasting reports in the state. I highly recommend his work and his opinion is highly recognized by governmental agencies.

J. Norris, Property Tax Attorney

As an attorney, we deal with many appraisal reports used in tax appraisals. Gary's work has proven successful for our clients and I do not hesitate recommending him for tax assessment appeal appraisals.

C. Noone, property owner

I needed an appraisal for settling an estate. Mr. Peterson was very professional, punctual and helpful with the process. I received my report ina timely manner. I would certainly recommend this company, as well as use their services in the future.

J. Tsiaousis

Gary is one of the top commercial appraisers in Chicago. Every time I have a client in need of a commercial appraiser I refer all work to him without hesitation.

Commercial Appraisals
Bank Branch

Chicago Bank Branch Property Appraiser

Chicago Commercial Appraisal Group Appraisers have extensive experience Appraising Bank Branches. Chicago Area Bank Branch Appraisal has been complicated by the banking crisis which resulted in the closing of many community banks and the prevalence of on-line banking. According to Business Insider Intelligence (Jan-2019), 89% of US respondents say they use mobile banking channels and 70% say mobile banking has become the primary way to access their accounts. According to a recent study an on-line transaction costs the bank about 8-cents versus $4.25 at a bricks and sticks facility. Data compiled by Statista shows bank branches peaked in 2012 with 83,060 FDIC-insured branches and have decreased each year since. Bank branches continue to experience net closures as bank branches continue to consolidate due to the increasing role of technology, automation, and online banking. According to a study commissioned by Self Financial, bank branches could be extinct by 2034 if the current footprint reduction trends continue.

Each of our Bank Branch Real Estate Appraisers are either state Licensed or Certified Appraisers. All of our Bank Branch Property Appraisals are reviewed by an MAI Designated Real Estate Appraiser and are USPAP (Uniform Standards of Professional Appraisal Practice) compliant.

Chicago Bank Branch Real Estate Appraisal

Chicago can be a complex market where Bank Branch Values can vary dramatically in different parts of the city. Over time bank branches have been gradually getting smaller with over 60% of bank branches under 3,000 square feet. Chicago Commercial Appraisal Group maintains an excellent data base to help clients Bank Bank Property Appraisal needs. We have substantial experience in valuing Bank Branches for Bank Financing or for Property Tax appeal purposes.

Chicago Bank Branch Tax Appraisal

The majority of Chicago Commercial Appraisal Groups work is in the area of Real Estate Tax Appraisal. It is important to distinguish between the Value in Use of a Bank Branch versus the value in exchange and real estate value when appraising for property tax purposes. Second generation leases often reflect the best way to value the real estate as initial construction costs often include custom features that are not readily transferable. Chicago Commercial Appraisal Groups Bank Branch Appraisers are familiar with Property Tax Appraisal issues.

For a quality Bank Branch Appraisal, call Chicago Commercial Appraisal Group at (773)763-6750.

CONTACT US TODAY

Or call 773-763-6750 for a free no-obligation consultation.