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  5. ›Request for Proposals: Lease of Surplus Property, Project…

City of Watertown·South Dakota

Request for Proposals: Lease of Surplus Property, Project No. 2623D

Closes 10/21/2026$50k – $150kRequest for Proposal
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Description

The City of Watertown, South Dakota, is seeking proposals to lease an approximately 2.91‑acre surplus parcel located near 7th St W and 26th Ave N. The land includes a small permanent structure and may be used only for hay production and equipment storage. The lease term is five years with options to renew for two additional five‑year periods. Proposals must be submitted electronically via Virtual BID by 4:00 p.m. on October 21, 2026. All solicitation documents, addenda, and notices are hosted on the Virtual BID website; interested parties must register as plan holders. The award will be made after the bid opening at City Hall. • 2.91‑acre parcel with existing structure • Permitted uses: hay production, equipment storage only • Initial lease term: 5 years, renewable twice for additional 5‑year terms • Submission method: electronic via Virtual BID • Deadline: 10/21/2026 4:00 PM • Contact: Engineer Luke Ammann, City of Watertown Engineering Division

Attached files

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

Contact

Luke Ammann(Engineer II)

Key dates

Opened
10/8/2026
Closes
10/21/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Construction
NAICS
531130
Solicitation №
2026-0017

Budget estimate

$50,000 – $150,000

No explicit lease payment amount is provided. Based on comparable municipal surplus land leases in small Midwestern cities, annual rent for a 2.9‑acre parcel with limited use (hay production/equipment storage) typically ranges from $10,000 to $30,000 per year. Over the initial 5‑year term, total revenue to the City could be roughly $50,000–$150,000, with potential additional revenue if the two renewal terms are exercised. This estimate assumes modest market rates for agricultural‑type land in the Watertown area.

AI estimate from the solicitation

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