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  5. ›RFP26R-2: 842 Michigan St, 836 Michigan St, and 5639 Sohl…

City of Hammond·Indiana

RFP26R-2: 842 Michigan St, 836 Michigan St, and 5639 Sohl Ave

Closes 3/17/2026$100k – $2MRequest for Proposal
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Description

The City of Hammond Redevelopment Commission is offering three parcels of land for private redevelopment. Interested developers must submit a sealed Redevelopment Proposal, including detailed plans for improvement, proposed use, and financial commitments. A 5 % deposit based on the minimum sales price is required with the proposal, and the buyer must close on the purchase within 90 days of signing the Purchase Agreement and assume responsibility for any needed environmental remediation.

Attached files

Contact

Anne Taylor(Site Access Contact)

(219) 853-6508

Key dates

Opened
2/23/2026
Closes
3/17/2026
Duration
90 days

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
531311
Solicitation №
RFP26R-2

Budget estimate

$100,000 – $2,000,000

No direct payment is specified because the opportunity is a land sale. The buyer’s “earnings” will come from the value added through redevelopment, which can vary widely. Assuming a modest mixed‑use project on the $6,900 parcels, a small developer might generate $100‑$250 k in profit after construction costs, while a larger developer with higher‑end construction could realize $1‑2 million in profit. The estimate reflects the range of possible development scales and market conditions.

AI estimate from the solicitation

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