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  5. ›RFP26C-8: 1301 Highland St (adjacent to Memorial Park)

City of Hammond·Indiana

RFP26C-8: 1301 Highland St (adjacent to Memorial Park)

Closes 4/21/2026$20k – $50kRequest for Proposal
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Description

The City of Hammond Redevelopment Commission is selling a group of 28 residential parcels (lots 10‑37 on Noble Avenue and Ray Avenue) adjacent to 1301 Highland St. Developers must submit a sealed “Redevelopment Proposal” that includes a development plan, a 5 % cash deposit, and required documentation. Successful bidders will purchase a lot at a minimum price ranging from $19,100 to $24,300, obtain title insurance, secure all city approvals, and construct a new single‑family residence within 18 months of executing the Purchase Agreement. The solicitation is open until 4:00 p.m. on April 21 2026.

Attached files

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

Contact

Anne Taylor(Parcel Inspection Contact)

(219) 853-6508

Key dates

Opened
3/27/2026
Closes
4/21/2026
Duration
18 months

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236115
Solicitation №
RFP26C-8

Budget estimate

$20,000 – $50,000

The buyer must cover the lot purchase price ($19‑24 K) plus construction costs for a new single‑family home. Assuming modest construction costs of $150‑250 K per home, a typical developer profit margin ranges from 10‑20 % of construction spend, yielding an expected profit of roughly $20‑50 K per project. Local permitting, design fees, and site‑prep could adjust this range, but a $20K‑$50K profit estimate is reasonable for a qualified developer.

AI estimate from the solicitation

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