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  5. ›2026 Land Bank Property Sale

City of Coffeyville·Kansas

2026 Land Bank Property Sale

Closes 10/14/2026$4k – $50kInvitation for Bid
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Description

The City of Coffeyville’s Land Bank is offering a sealed‑bid sale of 35 surplus parcels throughout the city. Each parcel must be bid on individually using a separate bid form and sealed envelope. Minimum bids are $100 for most parcels, with a single parcel (707 S. Spring) requiring a $5,000 minimum. Bidders must have no delinquent taxes or code‑enforcement fees and must be current on all city obligations. Bids are due by 10:00 a.m. on 14 Oct 2026 and will be opened thereafter, reviewed by the Land Bank Board of Trustees, and recommended to the City Commission for final approval. • 35 individual property parcels located in Coffeyville, KS • Minimum bid $100 per parcel (one parcel $5,000) • Sealed‑bid process – one bid form per property, sealed envelope, mailed to City Clerk’s Office • Eligibility: no tax delinquencies, no outstanding city fees, current on all taxes/fees • Deadline: 10 Oct 2026, 10:00 a.m.; postmark does not control • No pre‑bid meeting or site‑visit requirement, but bidders are encouraged to inspect properties • Final award subject to Board of Trustees recommendation and City Commission approval

Attached files

Key dates

Opened
9/14/2026
Closes
10/14/2026

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531210
Solicitation №
291

Budget estimate

$3,500 – $50,000

The minimum total revenue from the sale is the sum of the $100 minimum bids for 34 parcels ($3,400) plus the $5,000 minimum for the 707 S. Spring parcel, yielding a floor of $8,400. In practice, competitive bidders often submit offers well above minimums, especially for parcels with development potential. Assuming an average bid of $500 for the 34 low‑minimum parcels and $10,000 for the higher‑minimum parcel, total proceeds could range from roughly $20,000 to $50,000. Therefore, a reasonable budget estimate is between $3,500 (if only minimums are met) and $50,000 (if market‑rate bids are achieved).

AI estimate from the solicitation

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