Sale and Redevelopment of City Owned Property Services

The City of Madison, Illinois is seeking proposals for the sale and redevelopment of a city-owned commercial building. The agency aims to transition this 6,960 square foot property back into active, productive use. The property features an approximately 3,000 square foot first-floor restaurant space equipped with a full kitchen and bar, as well as a second-story space configured as a fully built-out, open-concept office unit with an office, conference room, and kitchenette. The scope of work requires the selected contractor to manage the sale and redevelopment process for this specific municipal asset. The agency requires all performance of the work to occur offsite at the contractor's own office location. Eligible bidders must be onshore organizations based exclusively in the United States. The agency is looking for proposals to determine the budget and financial structure for this project. Bidders must submit all questions regarding this opportunity no later than June 28, 2026. The agency will evaluate proposals based on the submitted plans for the sale and redevelopment of the described commercial property.