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  5. ›RFP26C-1: 6538-6542 Calumet Ave

City of Hammond·Indiana

RFP26C-1: 6538-6542 Calumet Ave

Closes 1/20/2026$150k – $500kRequest for Proposal
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Description

The City of Hammond Redevelopment Commission is selling a five‑lot parcel (6538‑6542 Calumet Ave) for private redevelopment. Interested parties must submit a sealed redevelopment proposal, two original copies plus ten copies, and a 5 % security deposit ($7,750) by the Jan 20 2026 deadline. The successful bidder will enter a purchase agreement, complete any required environmental remediation, and develop the site according to the City’s conditions, including a restrictive covenant in favor of the City. The sale must close within 90 days of agreement execution. • Minimum sale price: $155,000; 5 % deposit required. • Buyer must provide detailed development plans, proposed use, and demonstrate financial capacity and experience. • City will furnish insurable title and grant inspection rights; buyer bears environmental cleanup and all redevelopment costs. • Evaluation criteria focus on cost, quality, schedule, financial resources, experience, and compatibility with surrounding area. • No ongoing vendor payments; the transaction is a one‑time land sale with subsequent development responsibilities.

Attached files

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

Contact

Anne Taylor

(219) 853-6508

Key dates

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

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
531390
Solicitation №
RFP26C-1

Budget estimate

$150,000 – $500,000

No direct contract payment is specified; the financial upside comes from the developer’s profit on the redevelopment. Assuming a modest development cost of $2‑3 million (including site work, construction, and remediation) and a marketable end‑value of $2.5‑4 million, profit margins could range from 10 % to 25 %. This yields an estimated earnings range of roughly $150,000 to $500,000 for the developer, depending on project scale, financing terms, and market conditions.

AI estimate from the solicitation

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