Featured Properties

MaRous & Company has been trusted to appraise and consult on some of the highest profile buildings and some of the largest redevelopment areas and public projects.

Representative Work

Notable MaRous assignments include Interstate 355, the O’Hare International, Midway International, and DuPage County airports expansions; the McCormick Place convention/trade show facility expansion; the former Sears headquarters redevelopment project in Chicago; the Drake Hotel; the 860,000-square-foot Nestle distribution center in DeKalb; the 860,000-square-foot U.S. GSA distribution facility in Chicago. Read More

  • Corporate offices/headquarters of Fortune 500 companies, major airlines and others ranging from 200,000 sq. ft. to 1,500,000 sq. ft. in Chicago and suburbs
  • Chicago office buildings from 140,000 sq. ft. to 1,900,000 sq. ft. on Michigan Avenue; Jackson Boulevard; and LaSalle, Randolph, Kinzie, Washington, Adams, Monroe and Dearborn Streets
  • Hotels including the Peninsula, Renaissance Chicago, Hilton Garden Inn, Westin Chicago River North, Omni Chicago, and Hotel InterContinental in addition to the historic Drake Hotel
  • Large industrial complexes, warehouses, publishing facilities, self-storage and distribution facilities in Illinois; buildings from 400,000 sq. ft. to 1,000,000 sq. ft. on parcels from 41 to 195 acres
  • Vacant office, residential, mixed-use and special use land ranging from 15 to 5,000 acres throughout northern Illinois
  • Business and industrial parks including Chevy Chase Business Park (30 acres, Buffalo Grove), Carol Point Business Center (300 acres, Carol Stream), International Centre (1,000 acres, Woodridge)
  • Retail stores including 10 Chicago area shopping centers, big-box stores, gasoline service stations and 30+ single-tenant retail facilities larger than 80,000 sq. ft.
  • Residential projects including Federal Square townhouses, Dearborn Place, Museum Park Lofts II, University Commons, Old Town East and West, River Place on the Park and others
  • Airport-related properties including more than 100 parcels in and around O’Hare International, Chicago Midway, Palwaukee Municipal, Chicago Aurora, DuPage and Lambert-St. Louis International Airports
  • Large properties outside Illinois including locations in New York City; Clayton and St. Louis, Missouri; Ohio; and Newport Beach, California

In addition to valuations, MaRous & Company has performed a marketing and feasibility study for 219 E. Lake Shore Drive, Chicago, and market studies for other clients assessing the impact of:

  • a landfill on adjacent property values
  • low-income housing on adjacent residential property values
  • the availability of sanitary sewer on value
  • a waste transfer facility on the value of nearby properties
  • proposed quarry expansion on neighboring properties
  • commercial and parking uses on adjacent residential property values
  • significant zoning changes on residential property values

Cemetery | O’Hare Expansion

Consecrated in 1849, the 5.34-acre St. Johannes Cemetery stood in the way of progress. The property was condemned by the City of Chicago for the O’Hare Modernization Program’s construction of new runway facilities...
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Business District Apartment Complex

Tax Issue - A 750+-unit multibuilding, 35+-year-old, well-located suburban apartment complex was purchased for $67,000,000. Soon after the purchase, even though the buyer performed extensive pre-closing due diligence, the...
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Suburban Golf Course

A 75+-year-old golf course situated on approximately 100 acres of land was condemned by a south suburban municipality. The condemnation offer of less than $6,000,000 was based on a highest and best use of...
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Industrial Facility

A Fortune 500 Company in a major town in Central Illinois filed a real estate tax appeal in regard to its international distribution facility. Based on the appeal with a well-documented appraisal, the real estate tax refund due from the mid-size...
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Real Estate Assets

MaRous and Company was retained by a well-known family law firm to analyze the real estate assets of a major real estate developer as part of a divorce. The gross value of the assets was more than $1,000,000,000...
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Casino

MaRous & Company was engaged by a Fortune 500 industrial company that was being sued by the owners of a casino located on an approximately 165-acre site in a depressed and heavy industrial area in Gary, Indiana....
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Suburban Lot

MaRous & Company was engaged by the City of Elmhurst to consult in regard to the discovery of a storm sewer easement that extended across an approximately 6,400-square-foot, single-family lot....
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Office Complex

MaRous & Company was retained by the owner/lessor of a suburban office building in its counterclaim against a tenant that did not vacate its employees from the space it rented until five months after the lease termination date...
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Drive-through

A property owner alleged that the Village denial of a drive-through pharmacy as a special use rendered a property in downtown Wilmette undevelopable under its...
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Recycling Center

An operating waste transfer and recycling center was to be acquired as part of the property needed for...
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Multistory Building

A property located in downtown Chicago with frontage on two prime arterials and wrapping around a prominent corner was condemned by the City of Chicago...
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Shopping Center

MaRous and Company was retained by a financial institution that had built a modern bank with a drive-through facility on an outlot of a grocery store-anchored shopping center in a northwest suburb...
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Central Business District

As part of the expansion of the Chicago Federal Center, a midsize retail and office building located at a key corner of the Chicago Loop was condemned by...
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Contact Us

300 South Northwest Highway, Suite 204
Park Ridge, Illinois 60068

847-384-2030 (voice)
847-692-5498 (fax)
info@marous.com

Project News

O’Hare

Since approximately 2005, MaRous & Company has appraised more than 20 properties that h

October 2, 2013 read more
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