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  5. ›RFP26R-4: 4624 Johnson Ave, 627 Hoffman St, 1045-47 Morris…

City of Hammond·Indiana

RFP26R-4: 4624 Johnson Ave, 627 Hoffman St, 1045-47 Morris St, 1049 Morris St, 147 Hohman Ave, AND 7236 Grand Ave

Closes 7/7/2026$100k – $500kRequest for Proposal
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Description

The City of Hammond Redevelopment Commission is offering several municipal parcels for private purchase and redevelopment. Interested parties must submit sealed redevelopment proposals that describe intended uses, improvement plans, environmental remediation (if needed), and provide a 5 % deposit of the parcel’s minimum sales price. The sale is contingent upon the buyer obtaining all required approvals, completing any necessary remediation, and finalizing the purchase within 90 days of signing the agreement. • Minimum parcel prices range from $5,500 to $15,650; a 5 % deposit is required with each proposal. • Proposals must include detailed development plans, financial capability evidence, and compliance with restrictive covenants. • The city will provide insurable title and grant site‑access for due‑diligence inspections.

Attached files

Contact

Anne Taylor(Contact for Site Access / Questions)

(219) 853-6508

Key dates

Opened
6/22/2026
Closes
7/7/2026

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
531390
Solicitation №
RFP26R-4

Budget estimate

$100,000 – $500,000

The purchase prices are modest (max $15,650), but the real value comes from redeveloping the sites. Assuming a modest mixed‑use or commercial project, redevelopment costs could range from $200k‑$500k, with potential sale or rental income yielding a profit of $100k‑$500k for the developer. Therefore, a realistic earnings estimate for the client would be between $100,000 and $500,000, depending on the scale, market conditions, and speed of execution.

AI estimate from the solicitation

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