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City of Springfield·Illinois

Sale of Real Property

Closes 12/3/2026$10k – $500kRequest for Proposal
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Description

The City of Springfield is offering its vacant lots for sale under a Vacant‑Lot Disposition Program. Bidders may purchase individual parcels “as‑is” with a minimum price of $500 per lot, and must submit a concrete development or use plan. Preference is given to adjacent property owners, followed by other local stakeholders, with evaluation based on location affiliation, price, and proposed use. The solicitation requires electronic PDF submission by 3 PM CT on 3 Dec 2026, with questions due by 12 Nov 2026. No bid security is required, and the City reserves the right to award any or all proposals. • Sale of over 200 vacant parcels (Ward 2) – each treated as a separate item. • Minimum bid $500 per lot; higher offers considered, evaluated on location, price, and proposed land use. • Preferred bidders: adjacent owners, local nonprofits, or other entities with a redevelopment plan; non‑side‑lot bidders must provide a Letter of Credit. • Submission via City’s electronic bidding portal; no pre‑bid meeting required. • Award timing not specified; City may award contracts at any time after the submission deadline.

Attached files

Contact

[email protected]

(217) 789-2191

Key dates

Opened
10/28/2026
Questions due
11/12/2026
Closes
12/3/2026

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531210
Solicitation №
RFP CS27-31

Budget estimate

$10,000 – $500,000

No explicit contract value is disclosed; the only monetary figure is a $500 minimum purchase price per lot. Assuming a buyer purchases multiple parcels (e.g., 5–20 lots) and later develops the land, potential revenue could range from a modest $2,500 (5 × $500) to several hundred thousand dollars depending on the size, location, and development intensity. A conservative estimate for a small‑scale buyer acquiring a handful of lots and performing basic site cleanup would be roughly $10,000–$50,000 in acquisition costs, while a larger developer targeting multiple contiguous parcels could see project values in the $100,000–$500,000+ range.

AI estimate from the solicitation

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