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  5. ›Public Notice - Offer of Real Estate 8-18-2026

City of Terre Haute Department of Redevelopment·Indiana

Public Notice - Offer of Real Estate 8-18-2026

Closes 9/16/2026$500k – $1MRequest for Proposal
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Description

The Terre Haute Department of Redevelopment is offering three parcels of land for sale, requiring a minimum purchase price of $535,500 and a mandatory $10 million investment in improvements within one year of transfer. Offers must be sealed and submitted by September 16, 2026, and will be evaluated on factors such as the size and character of proposed improvements, ability to complete the work promptly, and overall community benefit. The real estate will be conveyed “as‑is” and the successful bidder must provide security and may be subject to a repurchase clause if improvements are not substantially completed.

Attached files

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

Contact

Jordan Marvel

[email protected]

Key dates

Opened
8/12/2026
Closes
9/16/2026
Duration
12 months

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236210

Budget estimate

$500,000 – $1,000,000

The solicitation does not specify a contractor fee, but a developer would typically earn a development fee ranging from 5% to 10% of the total construction budget. With a required $10 M investment, the fee could be roughly $500,000–$1,000,000, plus any additional profit from the resale or lease of the completed project. Factors influencing the budget include the scope and complexity of the improvements, market conditions in Terre Haute, and the developer’s financing structure.

AI estimate from the solicitation

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