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Rexburg Urban Renewal Agency·Idaho

60 West Main Street - Development RFP

Closes 11/6/2026$3M – $10MRequest for Proposal
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Description

The Rexburg Urban Renewal Agency is offering the sale of a 3.2‑acre parcel at 60 West Main St, Rexburg, ID, with the intent of a mixed‑use, high‑density redevelopment that aligns with the City Center 2050 Plan and the city’s Form‑Based Code. The RFP seeks developers who can submit a “highest and best offer” for the land, present a conceptual master plan, and demonstrate the financial capacity to begin construction no later than December 1 2028. The award will be based on price, investment benefit, financial capability, team qualifications, and compatibility with the city’s vision.

Attached files

Contact

Scott Johnson(Economic Development)

[email protected]

(208) 372-2121

Key dates

Opened
9/18/2026
Closes
11/6/2026

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
531390
Solicitation №
UR-03-26

Budget estimate

$3,000,000 – $10,000,000

The RFP does not disclose a purchase price, so the budget for the winning developer will be the amount they pay for the 3.2‑acre parcel plus any profit realized from subsequent development. Based on recent land sales in downtown Rexburg, comparable parcels have fetched between $3 million and $10 million. Therefore a reasonable estimate for the total financial outlay (and thus the “budget” from the land acquisition perspective) is roughly $3‑10 million, with the ultimate profit depending on the developer’s ability to secure financing, incentives, and market‑rate tenants.

AI estimate from the solicitation

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