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  5. ›RFP26C-2: 5243 & 5251 Hohman Ave

City of Hammond·Indiana

RFP26C-2: 5243 & 5251 Hohman Ave

Closes 1/20/2026$200k – $2MRequest for Proposal
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Description

The Hammond Redevelopment Commission is selling two adjacent downtown parcels (5243 and 5251 Hohman Ave) totaling roughly 0.65 acres with an existing 33,400 sf structure. The city seeks a qualified commercial/residential developer to purchase the land, design a mixed‑use project, and construct the new development, meeting specific design, zoning, and opportunity‑zone criteria. The developer must submit a sealed proposal with a 5 % earnest‑money check, a purchase bid (minimum $562,500), design concepts, financial capacity documentation, and project management qualifications. The award process includes a 30‑day negotiation window and a 120‑day closing period. • Minimum land purchase price: $562,500 (5 % earnest‑money $28,125 due with proposal) • Required deliverables: statement of interest, bid amount, vision narrative, conceptual renderings, experience summary, financial statements, project budget & schedule, schematic design documents • Timeline: Proposal due Jan 20 2026 4 p.m. CDT; development agreement to be executed within 30 days of award; land sale to close within 120 days thereafter • Design goals: pedestrian‑friendly streetscape, architectural consistency with brick/stone/glass façade, mixed‑use (commercial + residential) uses, compliance with C‑3 zoning and Opportunity‑Zone incentives • Evaluation criteria: 12‑point rubric covering responsiveness, bid amount, experience, design quality, project‑manager qualifications, financial capacity, insurance, prior similar projects, “wow” factor, etc.

Attached files

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

Contact

Anne Taylor(Executive Director of Planning & Development)

(219) 853-6508

Key dates

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

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
531210
Solicitation №
RFP26C-2

Budget estimate

$200,000 – $2,000,000

The RFP does not specify a consulting fee; the developer’s revenue will derive from the eventual sale, lease, or operation of the completed mixed‑use building. Assuming a typical development profit margin of 15‑30 % on a project cost of $5‑10 million (construction, soft costs, financing), the developer could realize net earnings ranging from roughly $750,000 to $3,000,000. A conservative estimate for a mid‑size mixed‑use project would be $200,000‑$2,000,000 in profit after accounting for land cost, construction expenses, and market risk.

AI estimate from the solicitation

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