Commercial Real Estate Brokerage

McQuellon Consulting offers experience in investment and income commercial real estate brokerage. Our firm has been working with other brokers in Central Illinois for more than 30 years. With our experience in commercial real estate brokerage, we excel in advising clients on how to maximize their return on invested capital properties that qualify for 1031 and 1033 exchanges.

What is a 1031 exchange?

A 1031 tax deferred exchange refers to section 1031 of the IRS tax code. Whenever a company gains from selling a business or investment property, it must pay a tax at the time of the sale. This section provides an option allowing the taxpayer to postpone the payment of capital gains taxes on certain types of property—including real estate—as long as certain criteria are met.

This delaying option has obvious advantages to a real estate owner or investor looking to sell one property and “trade up” for another more expensive piece of real estate: Taxes due from capital gains on an exchange of two or more properties will be deferred until a later date.

What is a 1033 exchange?

A 1033 exchange refers to section 1033 of the IRS tax code.  Whenever a property is compulsorily or involuntarily converted in whole or in part into cash or other property, it’s called “involuntary conversion.” In involuntary conversion cases like casualty or eminent domain, the 1033 exchange offers a tax-free way to roll over the proceeds of the transaction into a new investment. This new investment must have a similar or related service or use to the previous investment in order to qualify under Section 1033.

One major difference between a 1033 exchange and a 1031 exchange is that the taxpayer must make a specific election in order to qualify for the Section 1033 “roll-over.” Learn more about the exchanges here.

Contact our commercial real estate brokerage firm today.

Allow McQuellon Consulting to handle your commercial real estate brokerage needs. When it comes to 1031 and 1033 exchanges, we’re here to help. Call us at 309-685-3574 or contact us online today. Also see what we can do for you as far as real estate tax.

Valuation

McQuellon Consulting, via a subsidiary called Real Estate Appraisers and Consultants (REAAC, LLC), offers high-quality reports for appraisals on commercial, industrial and residential real estate. All of our appraisals are performed in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP), the Code of Ethics of the Appraisal Institute, as well as applicable governmental regulations—such as FIRREA—and client documentary standards.

Types of property

In order to trust any appraisal service, it’s important for the appraiser to have experience valuing the type of property you want assessed. Whether you need appraisals for financing, for estate purposes, or for simply satisfying your curiosity, we will give you an objective opinion about what your property is worth. Our staff of licensed appraisers has completed assignments on numerous types of properties, including the following:

• Neighborhood and strip retail shopping centers
• Medical and professional offices
• Hotels and motels
• Mixed-use commercial properties
• Manufacturing and distribution warehouses
• Other industrial properties
• Elderly care facilities
• Automotive dealerships
• Gas stations
• Convenience stores
• Independent, chain and fast-food restaurants
• Vacant lots
• Multi-family residential apartment complexes
• Single-family residential homes

Reason for appraisals

The purpose clients want appraisals on their real estate matters because it changes the way we will organize and report their appraisal information. We can prepare appraisal reports in a variety of narrative and financial institutional formats. We’ve done real estate appraisals for several occasions:

• Purchase and sale agreements
• Mortgage financing
• Estate settlement
• Expert testimony
• Valuation of partial interests
• Business valuation
• Insurable value/replacement cost studies
• Feasibility
• Marketability
• Highest and best use analyses for client evaluation and planning

Choose us for your appraisals.

Allow McQuellon Consulting and REAAC to handle your real estate appraisals. When it comes valuation, we’re here to help. Go to REAAC’s site for more information about what services it offers. For more about what McQuellon Consulting can provide, call 309-271-1471 or visit our other services pages: real estate tax.