During the time of Covid-19, all employees of Polach Appraisal Group are following the governor’s stay-at-home order and are working at home. We remain open for business at this time and will continue to focus on supporting clients with all of their real estate needs.
We will continue to provide the same quality of real estate services as in the past and are accessible via email for any real estate appraisals or consulting.

Real Estate Appraisers & Consultants

Polach Appraisal Group, Incorporated is a real estate appraisal firm specializing in commercial, industrial, residential and special purpose property real estate valuation as well as expert witness and litigation, tax appeal appraisals, arbitration and real estate consulting and analysis.

OFFICE LOCATIONS

121 West Wacker Drive

Suite 856

Chicago, IL 60601

p 312.422.1200

f 312.422.1201

1761 S. Naperville Road

Suite 103

Wheaton, IL 60189

p 630.682.4650

f 630.682.4814

 

 

OUR COMPANY

Expert Appraisals & Consulting

Polach Appraisal Group, Incorporated was founded in 1994 by Kenneth F. Polach, MAI, SRA. 

Since our founding, we have become one of the largest independent appraisal firms in the area and our appraisers understand the market and the current real estate climate.

We have staffed offices within Chicago and in the Western Suburbs and are familiar with the entire area as well as surrounding states.

Our firm provides quality real estate valuation and analysis within a reasonable time frame. All of our appraisers and support staff take pride in their work and our appraisers have testified in court, zoning hearings, tax appeal cases, eminent domain trials and numerous other venues.  All work is prepared in conformance with current professional standards to assist clients in making their real estate decisions.

 

​We represent private and public sector clients on a variety of appraisal, consulting, planning and zoning matters for large corporations and law firms, governmental agencies, banks, individual owners, developers and investment firms.

Our appraisers are on the IDOT approved appraiser list and the IDOT approved review appraiser list.

We provide fee simple estate, leasehold estate, investment value or other defined value sold/transferred in the marketplace.

 

 

 

 

 

Property Valuation

Business Meeting

Expert Witness

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Commercial Appraisal

Types of Properties

Right-of-way projects

Eminent domain including litigation support and expert testimony

Highest and best use studies

Impact studies

Zoning hearings

Historic preservation easements

Conservation easements

Wetland & floodplain properties

Contaminated properties

Permanent and temporary easements

Estate tax appraisals

Property tax appeal assessments

Air and development rights

Railway corridor appraisal

Municipal redevelopment

Department of Natural Resources grant application appraisals

National Park Service appraisals

Large 100+ parcel projects

Runway Protection Zone (RPZ) appraisals

Open Space Land Acquisition and Development (OSLAD) appraisals

IRS tax appraisals​

Percentage of value for tax purposes

Dimunition in Value appraisals (referred to as a DIV appraisal)​

Portfolio valuations

Expert Witness - including divorce appraisal & testimony, estate planning, insurance claims

 

REPRESENTATIVE ASSIGNMENTS

​​Large Office Buildings

The Willis Tower (former Sears Tower)

John Hancock Center

State of Illinois James R. Thompson Center

Former Playboy Headquarters

Blommer Chocolate Company Headquarters

Retail Shopping Centers

(big-box retail, single and multi-tenant retail properties)

Danada West Shopping Center (316,311 square foot shopping center)

Finley Square

Deer Park Town Center

Fashion Outlets of Chicago in Rosemont

Aurora Outlet Mall

Danada East Shopping Center (199,080 square foot shopping center)

Cress Creek Shopping Center

Golf Mill Shopping Center

The Promenade Bolingbrook

Roadway Project Acquisitions

Interstate 290

Interstate 390 (Elgin-O’Hare Expressway)

Interstate 294 

Interstate 355 (Including North and South Expansion)

Interstate 88

Airport and Air Rights Appraisals

O’Hare International Airport

Midway International Airport

DuPage County

Chicago Executive

Clow Airport

Waukegan National Airport

DeKalb Airport.

Numerous properties in connection with the O’Hare International Airport Modernization Program​

Hotels

Hotel InterContinental

The Drake Hotel

Hyatt Hotel

Hard Rock Hotel

Renaissance Chicago Downtown Hotel.

 

Hospitals

Elmhurst Hospital

Ingalls Hospital

Edwards Hospital

Central DuPage Hospital

Advocate Good Samaritan Hospital

Advocate Lutheran General Hospital ​

Industrial Properties 

(ranging from 25,000 square feet to over 2,000,000 square feet, including distribution centers, warehouses, manufacturing facilities, etc.)

UPS Distribution Facility containing 2,000,000 square feet

Designed Equipment Incorporated Headquarters containing 26,000 square feet

 

Government Facilities

Libraries

Police Stations - Chicago, Lincolnshire, Illinois State Police HQ Building in DesPlaines, Former Police Station in Romeoville, Fox Valley Park District Police Station in Montgomery, Illinois State Police Station in Crest Hill

Fire Stations  - Lisle, Woodridge, Elmhurst, Deerfield, West Chicago, Fire Wheaton, Bloomingdale

Market Impact Studies

Mallard Lake Landfill

Waste Transfer Stations in Glenview, Des Plaines and Chicago

Proposed Gravel Quarry in Bloomington

Miscellaneous Favorites

Former Comisky Park

Condominium Deconversion Appraisals (in Chicago and the western suburbs)

Vacant land throughout Illinois and Indiana including commercial, residential, special use, agricultural including farmed tillable acerage

Land swap parcels between municipalities, private owners, park districts and Conservation Foundation

We also have extensive experience with the following form appraisals:

Illinois Department of Natural Resources (also known as Yellow Book Federal Standards Appraisals)

Illinois Department of Transportation Forms - Including:

LA 33A - Appraisal Report and Instructions (Complex and Non-Complex)

LA 33B - Waiver Valuation and Instructions

LA 33D - Valuation Finding Appraisal

LA 394 - Land Economic Studies Sales Data

LA 396 - Land Economic Studies Personal Interview

LA 397A - Land Economic Studies (Residential)

LA 397B - Land Economic Studies (Rural)

LA 397C - Land Economic Studies (Commercial)

LA 3729 - Appraisal Review Certification and Instructions

LA 37134 - Standards for Valuing Release of Dedicated Land and Access Rights

Division of Aeronautics Reports and Forms Including:

AER 742: Appraisal Report

AER 316: Appraisal Review Certification

 

TESTIMONIALS

“The quality of the appraisal report provided helped to reach a favorable settlement in a large case. I would use Polach Appraisal Group, Inc. again for all my appraisal and consulting needs.”

Naperville Real Estate Attorney

“The expert witness from Polach Appraisal Group was extremely prepared for the deposition, hearing and testimony.”

Eminent Domain Attorney in Chicago

 

Contact Us

Provide some information about the property in question and we will get back to you.

 

121 W Wacker Dr

Suite 856

Chicago, IL United States 60601

p.312.422.1200

1761South Naperville Road

Suite 103

Wheaton, IL United States 60189

p.630.682.4650

©2020 by Polach Appraisal Group, Inc.