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 physical structure features an approximately 3,000 square foot first-floor restaurant space equipped with a full kitchen and bar, while the second story consists of a fully built-out, open-concept office unit containing an office, a conference room, and a kitchenette. The scope of work requires the selected contractor to manage the sale and redevelopment process of this specific municipal property. The agency permits the contractor to perform all administrative and planning work offsite at the contractor's own office location. The agency limits eligibility to onshore organizations based in the United States. The buyer has not disclosed a set budget and is currently looking for proposals to determine the financial structure of the project. Bidders must submit all questions regarding this opportunity no later than June 28, 2026.