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  1. Bid Banana
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  4. ›Real Estate Development
  5. ›RFP26C-7: 6204-6208 Kennedy Ave

City of Hammond·Indiana

RFP26C-7: 6204-6208 Kennedy Ave

Closes 4/21/2026$150k – $500kRequest for Proposal
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Description

The City of Hammond Redevelopment Commission is selling three contiguous parcels on Kennedy Avenue (6204‑6208) for a total minimum price of $197,000 and is seeking private‑sector redevelopment proposals that meet the city’s planning, environmental, and financial criteria. Interested parties must submit a sealed proposal with a 5 % deposit by the deadline and will be evaluated on development quality, schedule, experience, and financial capacity. The sale will close within 120 days of a executed purchase agreement, and the buyer assumes responsibility for any environmental remediation. • Three parcels (6204, 6206, 6208 Kennedy Ave) offered as a single bundle for $197k. • Submission deadline: 4 p.m., 21 April 2026; proposals must include a $9,850 deposit. • Buyer must provide development plans, secure financing, and handle remediation and permitting; city will provide title insurance and existing leases.

Attached files

Contact

Anne Taylor(Parcel Inspection Contact)

(219) 853-6508

Key dates

Opened
3/27/2026
Closes
4/21/2026

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
531390
Solicitation №
RFP26C-7

Budget estimate

$150,000 – $500,000

The solicitation does not specify a fee for consulting services; instead the “payment” is the purchase price of $197,000 and the subsequent profit from developing the site. Assuming a typical developer’s profit margin of 15‑25% on a modest mixed‑use project costing $1–2 million, the expected earnings could range from roughly $150,000 to $500,000. Factors influencing the budget include the extent of environmental remediation required, the cost of construction, market demand, and the developer’s ability to secure financing.

AI estimate from the solicitation

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