APPRAISAL REPORT FOR 9150-9158 W Grand Avenue LOCATED AT 9150-9158 W Grand Avenue, Franklin Park, Cook County, Illinois, 60131 AS OF August 24, 2018 PREPARED FOR Mr. John Schneider Director of Community Development Village of Franklin Park 9500 W Belmont Ave Franklin Park, IL 60131 PREPARED BY Praedium Valuation Group 3847 N. Lincoln Avenue, Suite 2 Chicago, IL. 60613 File Name: 3435 3847 N. Lincoln Avenue, Suite 2 www.pvgchicago.com (773)665-8361 Chicago, IL., 60613
[email protected] Fax: (773)665-8342 September 17, 2018 Mr. John Schneider Director of Community Development Village of Franklin Park 9500 W Belmont Ave Franklin Park, IL 60131 Re: Appraisal 9150-9158 W Grand Avenue, Franklin Park, Cook County, Illinois, 60131 Dear Mr. Schneider: At your request, we have prepared an appraisal for the above referenced property, which may be briefly described as follows: The subject property is a 9,709± sf, one-story, single-tenant industrial building that was constructed in 1950. The improvement, which comprises two interconnected structures, is situated on an 11,152± sf corner site zoned I-1, Restricted Industrial District, in Franklin Park, Illinois. As of the valuation date, the structure was vacant and in uninhabitable condition. The property is currently offered for sale on the open market with the price subject to offer. Please reference page 11 of this report for important information regarding the scope of research and analysis for this appraisal, including property identification, inspection, highest and best use analysis, and valuation methodology. We certify that we have no present or contemplated future interest in the property beyond this estimate of values.