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  5. ›RFP26C-5: 1719-33 Indianapolis Blvd

City of Hammond·Indiana

RFP26C-5: 1719-33 Indianapolis Blvd

Closes 1/20/2026$30k – $100kRequest for Proposal
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Description

The City of Hammond Redevelopment Commission is selling a commercial/industrial parcel at 1719‑33 Indianapolis Blvd, Hammond, IN. The successful bidder must purchase the parcel for $124,500, provide a 5 % deposit, and commit to developing the site for commercial/industrial use, including any required environmental remediation, title work, and obtaining all necessary approvals. The solicitation requires a sealed proposal package submitted by the deadline, with evaluation based on development quality, schedule, experience, and financial capacity. • Minimum sale price: $124,500 with a $6,225 deposit (5 %). • Development must remain commercial/industrial; bidders must submit detailed improvement plans. • Environmental remediation (if needed) and title insurance are part of the buyer’s responsibilities. • Proposals due by 4 PM, Jan 20 2026; sale must close within 90 days after agreement execution. • Evaluation criteria emphasize project quality, schedule, bidder reputation, experience, and financial resources.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Anne Taylor(Contact for Access / Inquiries)

(219) 853-6508

Key dates

Opened
12/28/2025
Closes
1/20/2026

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
531312
Solicitation №
RFP26C-5

Budget estimate

$30,000 – $100,000

The contract’s monetary flow is anchored by the $124,500 sale price. Assuming the developer finances the purchase and invests in site improvements, a typical profit margin for such redevelopment projects ranges from 20‑40 % of the total development cost. This yields an estimated net earnings window of roughly $30,000 to $100,000, depending on the scale of remediation, construction, and eventual resale or lease income. Factors influencing the final budget include environmental cleanup costs, permitting fees, and market demand for industrial space in Hammond.

AI estimate from the solicitation

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