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
Expert Witness
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
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