5230 East Ave.
Countryside, IL (Cook County)
George Relias was retained to evaluate and appeal the assessment of a 45,628 SF industrial laboratory facility in Countryside IL.
The property was located across the street from a commercial rock quarry. Over time, the blasting form the quarry rendered the sensitive laboratory inoperable. The property owner abandoned the operation and shuttered the facility. George argued that the blasting and stigma associated with the property materially reduced the value of the property.
Vacancy relief was granted resulting in approximately $112,000 in annual tax savings.