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
Retail/Mixed-Use Property

Chicago Retail Property Appraiser

Chicago Commercial Appraisal Group has been a leader in Chicago Retail Property Appraisal for decades. Chicago boasts one of the largest retail markets in the nation with an inventory of over 533 million square feet according to Costar.

Chicago Retail Real Estate Appraiser
Chicago Commercial Appraisal Groups Retail Property Appraisers are all Illinois licensed or certified appraisers with many years of real estate experience. All Chicago Retail Appraisals are reviewed by an MAI Designated Appraiser and conforms to the Uniform Standards of Professional Appraisal Practice (USPAP).

Chicago Retail Real Estate Appraisal
Chicago Commercial Appraisal Group is known for its customized research in Chicago Retail Appraisal related issues. The coronavirus pandemic has weighed on new demand formation, as leasing activity fell by over 30% in 2020 to just 6.3 million square-feet, the lowest level of activity in the Chicago retail market since 2009. the combination of reduced retail demand formation, increased closures, and the delivery of 1.5 million square-feet of new retail space pushed average vacancy up to 6.1% as of the end of 2020. The retail market remains weakened during the continued restrictions due to the pandemic in 21Q1 pushing many smaller retail operators to permanently close.

Chicago Retail Tax Appraisal
The majority of Chicago Commercial Appraisal Groups work is in the area of Property Tax Appraisal. Property tax rates vary substantially throughout the Chicago market and have a profound impact on retail property values. The south suburban Chicago area is being reassessed this year. The South Suburban Chicago area is known for some of the highest property tax rates in the area (and the country) which have been crippling retail property values. Our Chicago Retail Appraisers are well versed in Property Tax Appraisal issues. For a quality Retail Appraisal, call Chicago Commercial Appraisal Group at (773)763-6750.

CONTACT US TODAY

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