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  5. ›Purchase of Property – Missouri State University

Missouri State University·Missouri

Purchase of Property – Missouri State University

Closes 5/29/2026$160k – $210kRequest for Information
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Description

Missouri State University’s Board of Governors is seeking a qualified individual or entity to purchase a two‑story, 568 GSF building located at 308 Pennsylvania Avenue, West Plains, MO. Bidders must submit a notarized price quote that meets or exceeds the minimum acceptable bid of $160,000, demonstrate financial capacity to complete the purchase, and provide a Certificate of Liability Insurance as a self‑insured contractor. Site inspections can be scheduled through the university by May 22 2026, and all bids must be received by May 29 2026, 3 p.m. The university may follow the RFI with an RFQ, RFP, or direct negotiation, culminating in a Purchase Agreement subject to Board approval. • Minimum bid: $160,000 (appraised value) – bidders must prove ability to close the transaction. • Required documentation: notarized bid, liability insurance certificate, and optional client references. • Inspection scheduling deadline: May 22 2026; no mandatory pre‑bid meeting. • Final bid deadline: May 29 2026, 3 p.m.; after which the university will evaluate offers and proceed to a purchase agreement.

Attached files

Contact

John Banion(Primary Buyer)

[email protected]

(417) 836-5356

Key dates

Opened
4/27/2026
Site visit
5/22/2026
Closes
5/29/2026

Last updated

Details

Type
Request for Information
Industry
Real Estate
NAICS
531210
Solicitation №
RFI-8471-29

Budget estimate

$160,000 – $210,000

The contract’s monetary value is anchored by the minimum bid of $160,000, which represents the purchase price the university expects. Since the opportunity does not involve service work, the “earnings” for the winning bidder are essentially the property acquisition itself. Assuming a typical investor seeks a 10‑30 % upside after acquisition (through resale, redevelopment, or leasing), the potential financial gain could range from roughly $16,000 to $48,000 above the purchase price. Therefore, the overall budget (property value plus potential upside) might be estimated between $160,000 and $210,000. Factors influencing this range include negotiation leverage, property condition, zoning allowances, and market demand in the West Plains area.

AI estimate from the solicitation

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