Minnesota machinery and equipment appraisals.
Lukes & Lukes is a machinery and equipment appraisal firm based in Fridley, Minnesota, in the middle of the Twin Cities industrial corridor. When a Minnesota lender, attorney or owner needs a defensible equipment value, the appraiser who inspects the assets and signs the report works here, not in another state. Independent, USPAP-compliant, and built to withstand lender, SBA, IRS, audit and legal review.
Experience across the institutions that own the assets and finance the deals
Ameriprise
Our principals have performed analysis and consulted for organizations across finance and industry. These marks reflect experience, not endorsement.
Why local matters
The appraiser is already here.
Most firms that advertise equipment appraisals in Minnesota work the state remotely. We live and work here. An on-site inspection in the Twin Cities metro is a short drive, not a travel itinerary, and an inspection in Rochester, St. Cloud, Duluth or Mankato is a day on the road, not a flight and a hotel. That matters when a lender is holding a credit file open or an estate has a court date.
It also matters that we know the markets these assets trade in. Jesse Lukes came up inside the bank at BMO, originating loans and reviewing collateral, so our report reads the way a Minnesota credit officer needs it to.
What Minnesota runs on
- Medical and med-tech equipment: the Twin Cities is one of the country's densest medical device corridors, and we appraise the imaging, surgical, lab and production assets behind it.
- Food and ag processing: milling, dairy, meat and packaged food lines across the metro and greater Minnesota.
- Precision machining and fabrication: the job shops and OEM suppliers that anchor the state's manufacturing base.
- Agricultural equipment: row-crop and dairy operations, grain handling and the implement fleets that support them.
- Automotive: dealership service departments, collision centers, tire stores and fleets across the metro.
- Construction and heavy equipment: contractors' fleets, yards and plants statewide.
Where we work
The metro, greater Minnesota, and beyond.
Our office is at 240 Sylvan Ln NE, Fridley, MN 55432, minutes from Minneapolis and St. Paul. We inspect on site across the seven-county metro, and routinely in Rochester, St. Cloud, Duluth, Mankato and the rest of greater Minnesota. For single assets or well-documented lists, a desktop appraisal can resolve the file without a site visit. Because the firm works nationwide, a Minnesota lender with collateral in another state keeps the same appraiser on the whole portfolio.
Which value applies
The right premise for the situation.
The same equipment carries different numbers depending on why you need the appraisal. We determine and defend the premise your situation requires.
Common questions
Answers, up front.
Are you actually located in Minnesota?
Yes. Our office is at 240 Sylvan Ln NE, Fridley, MN 55432, in the Minneapolis metro. The appraisers who inspect the equipment and sign the report are based here, not at a remote national office.
Do you inspect equipment on site in Minnesota?
Yes. We inspect across the Twin Cities metro and greater Minnesota, including Rochester, St. Cloud, Duluth and Mankato. For single assets or well-documented equipment lists, a desktop appraisal may be appropriate instead; tell us what the file needs.
Do Minnesota lenders and the SBA accept your reports?
Yes. Reports are USPAP-compliant, prepared by a NEBB-certified Machinery & Equipment Appraiser (CMEA), and built to withstand lender, SBA, IRS, audit and legal review.
Do you appraise equipment outside Minnesota?
Yes. The firm works nationwide. A Minnesota lender or attorney with equipment in another state can keep one appraiser, one standard and one report format across the whole portfolio.