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  5. ›RFP25R-7: 1031-33 Cleveland St, 1020-22 Ames, 1046-48 Moss…

City of Hammond·Indiana

RFP25R-7: 1031-33 Cleveland St, 1020-22 Ames, 1046-48 Moss St, 7232 Grand, 7536-38 Columbia Ave, 918 Michigan St, 1134-36 Conkey St, 915-17 Michigan St, & 919-21 Michigan St

Closes 10/21/2025$50k – $200kRequest for Proposal
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Description

The City of Hammond Redevelopment Commission is selling nine parcels of real‑estate in Hammond, Indiana, and is soliciting private‑sector redevelopment proposals. Interested developers must submit sealed proposals that include detailed improvement plans, pay a 5 % cash‑deposit based on each parcel’s minimum sale price, and agree to close the purchase within 90 days of signing the agreement and begin construction within 90 days of acquisition. The solicitation evaluates bidders on cost, schedule, reputation, experience, financial resources, and compatibility with surrounding properties.

Attached files

Contact

Anne Taylor(Contact for Site Access / Questions)

(219) 853-6508

Key dates

Opened
9/26/2025
Closes
10/21/2025

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
531390
Solicitation №
RFP25R-7

Budget estimate

$50,000 – $200,000

The minimum sale price for all nine parcels totals roughly $81,500. Development costs for modest mixed‑use or residential projects in this area typically range from $500,000 to $1,000,000. Assuming a developer profit margin of 10‑20 % after construction, financing, and overhead, the expected earnings could fall between $50,000 and $200,000. Factors influencing the budget include the final purchase price (which may exceed the minimum), the scale and intensity of the proposed improvements, and market demand for the resulting housing or commercial space.

AI estimate from the solicitation

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