Illinois Machinery and Equipment Appraisals

Illinois Equipment AppraisersCollateral Evaluation Associates, Inc. (CEA) has provided machinery and equipment appraisals in Illinois since 1990. Our expertise as machinery and equipment appraisers includes medical equipment, construction equipment, manufacturing equipment, industrial equipment, and transportation equipment.

CEA provides machinery and equipment appraisals for the following purposes: asset based loans or refinancing; ad valorem tax purposes; allocation of purchase price; condemnation or eminent domain; FAS141/FAS142 reporting; insurance purposes; leasing; corporate conversions, dissolutions, mergers, purchases, sales, etc.

CEA has completed appraisals in the following Illinois cities and towns: Blue Island; Chicago; Cicero; E. St. Louis; Marion; Metropolis; Moline; Red Bud; Springfield; Wheaton.

Rich land, adequate rain fall, and a long growing season make Illinois an important agricultural state. It consistently ranks among the top states in the production of corn and soybeans. Hogs and cattle are also principal sources of farm income. Other major crops include hay, wheat, and sorghum.

Beneath the fertile topsoil lies mineral wealth, including fluorspar, bituminous coal, and oil; Illinois ranks high among the states in the production of coal, and its reserves are greater than any other state east of the Rocky Mountains. Its agricultural and mineral resources, along with its excellent lines of communication and transportation, made Illinois industrial; by 1880 income from industry was almost double that from agriculture.

Leading Illinois manufactures include electrical and nonelectrical machinery, food products, fabricated and primary metal products, and chemicals; printed and published materials are also important. Metropolitan Chicago, the country’s leading rail center, is also a major industrial, as well as a commercial and financial, center. Suburbs of Chicago such as Schaumburg and Oak Brook have become important business centers. Scattered across the northern half of the state are cities with specialized industries which include Elgin, Peoria, Rock Island Moline, and Rockford. Industrially important cities in central Illinois include Springfield and Decatur.