City-Owned Property Market and Sell Services

The City of Lake Elmo, Minnesota, is seeking a qualified real estate broker to market and sell city-owned parcels. The agency needs to divest these properties, most of which are guided for business park development, requiring expertise in both commercial and industrial land sales. To solve this need, the selected broker must develop sales strategies, create marketing materials, and actively advertise the properties to potential buyers. The scope of work covers evaluating market research and data to determine recommended pricing, fielding inquiries regarding the properties, and analyzing offers to advise the city during negotiations. The broker must also coordinate real estate transaction documents with city staff, present all offers to the city council and commissions in a timely manner, and handle all standard activities associated with real estate transactions. Performance of these services will take place onsite in Lake Elmo. Eligibility is limited to onshore organizations based in the United States. The agency is looking for proposals to determine the budget and financial structure for these services. Bidders must submit any questions regarding this opportunity no later than May 29, 2026, and the final response can be submitted digitally via email or online.