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Belvidere Community Unit School District 100·Illinois

Real Estate Brokerage & Marketing Services

Closes 4/17/2026$50k – $200kRequest for Proposal
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Description

The Belvidere Community Unit School District 100 seeks an experienced commercial real‑estate broker to act as the exclusive listing agent for the sale of its surplus former elementary‑school property (≈6.67 acres, 31,110 sf building) located at 7133 Garden Prairie Road, Garden Prairie, IL. The broker must conduct a broad‑based marketing campaign, provide a highest‑and‑best‑use analysis and broker opinion of value, and manage the transaction through closing after the property becomes vacant in July 2026. Compensation will be commission‑based, with the vendor proposing its rate. • Exclusive listing and marketing of a former K‑12 school site (≈6.67 acres, 31,110 sf). • Required deliverables: market analysis, highest‑and‑best‑use study, broker opinion of value, 90‑day marketing plan, and full transaction management. • Must comply with Illinois School Code, submit all required certifications, and adhere to District’s tax‑exempt status. • Deadline for proposals 17 Apr 2026; award anticipated 18 May 2026; contract term expected to run through the sale, roughly a 6‑month engagement.

Attached files

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

Contact

Kelsey Mark(Finance Manager)

[email protected]

(815) 544-8616

Key dates

Opened
3/31/2026
Questions due
4/6/2026
Closes
4/17/2026
Projected award
5/18/2026
Duration
6 months

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531120
Solicitation №
2026-08

Budget estimate

$50,000 – $200,000

The contract is commission‑based. Assuming the school property sells for between $1 million and $3 million (typical for 6‑acre former school sites in rural northern Illinois) and the broker proposes a 5‑6% commission, the expected earnings would range roughly from $50,000 (5% of $1M) up to $180,000 (6% of $3M). Adjustments for co‑broker splits or higher commission rates could push the high end toward $200,000.

AI estimate from the solicitation

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