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  5. ›RFP26R-1: 6244 Hohman Ave, 6248 Hohman Ave, 6252 Hohman…

City of Hammond·Indiana

RFP26R-1: 6244 Hohman Ave, 6248 Hohman Ave, 6252 Hohman Ave, 935 Conkey St, and 7038 Carolina Ct

Closes 2/3/2026$500k – $2MRequest for Proposal
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Description

The City of Hammond Redevelopment Commission is selling five parcels of land and soliciting sealed redevelopment proposals from private developers. Interested parties must submit a detailed redevelopment plan, a 5 % cash or certified‑check deposit based on the parcel’s minimum sales price, and demonstrate the ability to close the purchase and begin construction within 90 days of acquisition. The award will be made to the “highest and best” proposal that meets the city’s evaluation criteria, which include cost, schedule, experience, financial resources, and compatibility with the surrounding neighborhood. • Five parcels available (addresses: 6244, 6248, 6252 Hohman Ave; 935 Conkey St; 7038 Carolina Ct) with minimum sales prices ranging from $10,500 to $13,150. • Proposal deadline: 4:00 p.m. on February 3 2026; proposals opened at 4:30 p.m. the same day. • Required deposit: 5 % of the parcel’s minimum price (e.g., $620 for a $12,400 parcel). • Successful bidder must close the sale within 90 days and commence construction within 90 days of closing. • Evaluation factors: development quality, schedule adherence, reputation, relevant experience, financial capacity, and site‑plan compatibility.

Attached files

Contact

Anne Taylor(Contact Person)

(219) 853-6508

Key dates

Opened
1/9/2026
Closes
2/3/2026

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
531390
Solicitation №
RFP26R-1

Budget estimate

$500,000 – $2,000,000

The minimum sales prices for the parcels range from $10,500 to $13,150, but the purpose is to redevelop them into higher‑value residential or mixed‑use projects. Assuming a modest increase in value (e.g., 5–10 times the purchase price) after construction, a developer could generate profit in the mid‑hundreds of thousands to a few million dollars. Therefore, a realistic earnings estimate for the client, after accounting for construction costs, permits, and other fees, would be roughly $500,000 to $2,000,000. Factors influencing this range include the final design, market demand, construction cost overruns, and the ability to secure financing.

AI estimate from the solicitation

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