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  5. ›City Market Operation

Indianapolis Dept of Metropolitan Develpmnt·Indiana

City Market Operation

Closes 11/21/2025$500k – $2MRequest for Expression of Interest
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Description

The City of Indianapolis is seeking expressions of interest for the operation of the City Market, a historic landmark in downtown Indianapolis. The city is looking for a new, economically sustainable vision for the market, which has been underutilized in recent years. The City Market is a 130-year-old facility that has been a hub for food, commerce, and community gathering. The city is seeking operators who can contribute to making the City Market a vibrant and inclusive community hub. Some potential uses for the space include prepared food vendors, specialty retail, fresh produce, breweries, wineries, distilleries, cultural and arts spaces, shared commercial kitchen facilities, and event spaces. Some key points to consider: • The City Market is a historic landmark and any proposed use must honor and preserve its historic significance. • The city is looking for operators who can demonstrate a clear understanding of the market's potential and a viable plan for its operation. • The city is seeking operators who can contribute to making the City Market a vibrant and inclusive community hub. • The city is looking for operators who can demonstrate a commitment to supporting local businesses and vendors. • The city is seeking operators who can provide a unique and diverse range of products and services.

Attached files

Contact

[email protected]

Key dates

Opened
10/10/2025
Questions due
10/31/2025
Closes
11/21/2025

Last updated

Details

Type
Request for Expression of Interest
Industry
Food and Beverage Services
NAICS
722000
Solicitation №
RFI-13DMD-2025-1

Budget estimate

$500,000 – $2,000,000

The potential budget for this opportunity is difficult to estimate, as it depends on the specific proposal and the city's budget for the project. However, based on the scope of the project, which includes the operation of a historic market with multiple vendors and amenities, a rough estimate for the annual budget could be in the range of $500,000 to $2 million. This estimate is based on the assumption that the city will be providing funding for the operation and maintenance of the market, as well as potentially providing incentives for vendors and operators. The actual budget could be higher or lower, depending on the specifics of the proposal and the city's budget.

AI estimate from the solicitation

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