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  5. ›RFP26R-6: 842 Michigan St, 836 Michigan St, and 5639 Sohl…

City of Hammond·Indiana

RFP26R-6: 842 Michigan St, 836 Michigan St, and 5639 Sohl Ave

Closes 3/17/2026$20k – $200kRequest for Proposal
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Description

The City of Hammond Redevelopment Commission is offering three small parcels of real estate for private redevelopment. Interested parties must submit a development proposal along with a 5 % cash‑check deposit by the receipt deadline. The sale price is nominal (minimum $2,200–$6,900 per parcel) but the successful bidder assumes responsibility for any required environmental remediation, obtains all necessary permits, and must close the transaction within 90 days of signing the Purchase Agreement. • Minimum sale prices: $6,900 for 842 Michigan St, $6,900 for 836 Michigan St, $2,200 for 5639 Sohl Ave. • Proposal deadline: March 17 2026 4:00 p.m. (local). • Required deposit: 5 % of the parcel’s minimum price, payable by certified or cashier’s check. • Buyer must secure title, handle remediation, and complete redevelopment within a stipulated 90‑day closing window. • Evaluation will consider development quality, schedule, financial resources, experience, and overall fit with city goals.

Attached files

Contact

Anne Taylor

(219) 853-6508

Key dates

Opened
7/1/2026
Closes
3/17/2026
Duration
90 days

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531210
Solicitation №
RFP26R-6

Budget estimate

$20,000 – $200,000

The only explicit monetary amounts are the nominal purchase prices ($2,200–$6,900) and the 5 % deposit ($110–$345). However, the real revenue for a developer comes from the redevelopment work, which could involve design, construction, and possibly lease‑up or sale of the improved property. Assuming modest renovation and modest profit margins, a typical developer might earn anywhere from $20,000 to $200,000 in fees and resale profit on these parcels. The wide range reflects variability in the scope of improvements, environmental remediation costs, and market conditions.

AI estimate from the solicitation

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