REQUEST FOR PROPOSALS

ISSUED BY:                          City of Austin Redevelopment Commission 80 W. Main Street

Austin, Indiana 47102

PROPOSAL DEADLINE:  June 18, 2026 – 12:00 p.m. (Noon)

I.          INTRODUCTION.

1. The City of Austin Redevelopment Commission (“Commission”) is seeking proposals from qualified developers, investors, or development teams for the purchase and redevelopment of property owned by the Commission located at: 85

E. Main Street, Austin, Indiana 47102.

• The Commission desires redevelopment that contributes to the continued revitalization of downtown Austin, encourages economic activity, enhances the tax base, and promotes long-term community investment.
  • The Commission invites creative and financially feasible proposals that demonstrate quality development and compatibility with the surrounding area.

II.          PROPERTY INFORMATION.

1. Property Address: 85 E. Main Street, Austin, Indiana 47102

• Ownership: The property is owned by the City of Austin Redevelopment Commission.
  • Existing Conditions: The property is being offered in its current “as-is” condition.

Interested parties are encouraged to conduct independent inspections and due diligence.

• Zoning and Land Use: Developers are responsible for verifying zoning classifications, permitted uses, utility availability, development requirements, and any necessary approvals with the City of Austin.

III.          DEVELOPMENT GOALS.

1. The Commission seeks redevelopment proposals that may include, but are not limited to:
   1. Commercial or retail development;

1. Mixed-use development;

1. Residential or upper-story residential uses;

1. Office or professional space;

• Hospitality or tourism-related uses;

• Restaurant or entertainment uses;

• Adaptive reuse concepts;

• Other compatible downtown redevelopment projects.

• Preference may be given to proposals that:

1. Enhance downtown activity;

1. Increase property values and tax revenues;

1. Improve aesthetics and streetscape;

1. Create jobs or housing opportunities;

• Demonstrate financial capability and project readiness;
  • Preserve or enhance community character.
• SUBMISSION REQUIREMENTS. Proposals should include the following information:
  • Developer Information:

1. Name of developer/entity;
   1. Primary contact person;

1. Address, phone number, and email;

1. Organizational structure and ownership

• Development Concept:

1. Narrative description of proposed project;

1. Proposed uses;

1. Preliminary site or building plans, if available;

1. Proposed timeline for completion.

• Financial Information:

1. Proposed purchase price or financial terms;

1. Evidence of financial capability;

1. Estimated project investment amount;

1. Financing sources, if known.

• Experience and Qualifications:

1. Description of similar completed projects;

1. References;

1. Development team members, if applicable.

• Requested Assistance: Identify any incentives, assistance, tax abatements, TIF participation, grants, or other public support being requested.

V.          EVALUATION CRITERIA.

1. Proposals may be evaluated based upon:
   1. Overall quality and compatibility of development;

1. Financial feasibility;
   1. Developer experience and qualifications;

1. Economic impact to the City;

• Project timeline and readiness;

• Long-term benefit to the community;

• Compliance with redevelopment objectives.

• The Commission reserves the right to request additional information or interviews with proposers.

VI.          SUBMISSION INSTRUCTIONS.

1. All proposals must be submitted in sealed envelopes clearly marked: “Proposal for Redevelopment of 85 E. Main Street”.
   1. Proposals must be received no later than: June 18, 2026, before12:00 p.m. (Noon)

• Submit proposals to: City of Austin Redevelopment Commission, c/o Clerk-Treasurer, 80 W. Main Street, Austin, Indiana 47102.

VII.          SCHEDULE.

Event	Date
RFP Issued	May 27, 2026
Proposal Deadline	June 18, 2026 – Noon
Proposal Review	June 24, 2026 – 8:00 AM
Developer Interviews	If Needed
Selection Recommendation	TBD

The Commission reserves the right to modify this schedule.

VIII.          CONDITIONS AND RESERVATIONS.

1. The Commission reserves the right to:

1. Reject any or all proposals;

1. Waive informalities or irregularities;

1. Request additional information;

1. Negotiate with one or more proposers;

• Terminate or modify the RFP process at any time;

• Accept the proposal deemed in the best interests of the City.

• Issuance of this RFP does not obligate the Commission to sell the property or enter into any agreement.

IX.          PROPERTY INSPECTIONS AND QUESTIONS.

1. Interested parties may contact the Commission to arrange site visits or request additional information.
   1. Contact: City of Austin Redevelopment Commission, c/o Clerk-Treasurer, 80 W. Main Street, Austin, Indiana 47102. Phone: (812) 794-2877.

EXHIBIT “A”

–

72-03-36-420-017.000-003  10/09/2025

72-03-36-420-017.000-003                           AUSTIN REDEVELOPMENT COMMISSION         85 MAIN ST                                                      640, Exempt, Municipality

GOVERNMENT OWNED PROPERTIES 003/ 7200999-003      1/2

           General Information           Parcel Number

72-03-36-420-017.000-003

Parent Parcel Number

0068107143

Tax ID:

Routing Number Property Class 640

Exempt, Municipality

                      Ownership                     

AUSTIN REDEVELOPMENT COMMISSION

80 W MAIN ST AUSTIN, IN 47102

                           Legal                          

JOHN TRULOCK PT LOT 71 & PT LOT 72

                                                    Transfer Of Ownership                                                    Date                    Owner                                          Doc ID Code Book/Page Sale Price 10/18/2024 AUSTIN REDEVELOPMENT2024007472        $210,000

Notes

01/01/1900 Church, Methodist                                                                                        $00

EXEMPT

Year:

                         Valuation Records (work in progress values are not certified values and are subject to change)                        

          Location Information          County

2025

AA 01/01/2025

2024

AA 04/02/2024

2023

GEN REVAL 03/21/2023

2022

GEN REVAL 01/01/2022

Scott

Township

JENNINGS TOWNSHIP

District 003(Local )

School Corp

SCOTT COUNTY DISTRICT NO. 1

Neighborhood 7200999-003

GOVERNMENT OWNED PROPERTIES 003

Section/Plat

Location Address

85 MAIN ST

Indiana Cost Mod Indiana Cost Mod Indiana Cost Mod Indiana Cost Mod

$00		$13,600		$13,600		$13,600
$00		$00		$00		$00
$00		$00		$00		$00
$00		$13,600		$13,600		$13,600
$108,300		$99,600		$101,900		$103,000
$00		$00		$00		$00
$00		$00		$00		$00
$108,300		$99,600		$101,900		$103,000
$108,300		$113,200		$115,500		$116,600
$00		$00		$00		$00	Land Computations
$00	$00		$00		$00		Calculated Acreage	0.21
$108,300	$113,200		$115,500		$116,600		Actual Frontage

Assessment Year                         2026 Reason For Change                       AA As Of Date                          04/09/2026 Valuation Method  Indiana Cost Mod Equalization Factor Notice Required Land $00 Land Res(1) $00 Land Non Res(2) $00 Land Non Res(3) $00 Improvement $119,800 Imp Res(1) $00 Imp Non Res(2) $00 Imp Non Res(3) $119,800 Total $119,800 Total Res(1) $00 Total Non Res(2) $00 Total Non Res(3) $119,800

AUSTIN, IN 47102

                                                                                                Land Data                                                                                                  Developer Discount

Zoning

Land

Pricing  Soil

Act

Adj

Ext

Res Market

Type

Method ID

Front           Size     Factor          Rate

Rate

Value         Infl%

Elig% Factor           Value

11 80 0.2100 $00 $00 $00 81 Legal Drain NV   82 Public Roads NV 83 UT Towers NV 9 Homesite 91/92 Acres Total Acres Framland Farmland Value Measured Acreage Avg Farmland Value/Acre Value Of Farmland Calssified Total Farm / Classified Value Homesite(s) Value 91/92 Values Supp. Page Land Value CAP 1 Value

Subdivision Lot

AAMH Park

Characteristics Topography

Public Utilities Streets or Roads

Neighborhood Life Cycle Stage

NA

Printed Tuesday, June 2, 2026

Data Source                                            Collector                                                                          Appraiser

CAP 2 Value

Total Value

72-03-36-420-017.000-003                           AUSTIN REDEVELOPMENT COMMISSION         85 MAIN ST                                                      640, Exempt, Municipality

General Information
Occupancy Description Story Height	C/I Building C 01 C/I Building C 01 0	Pre. Use Pre. Framing Pre. Finish		General Office
SB               B                  1                  U
Wall Type	1(190)		1(372)
Heating	1942sqft		3880sqft
A/C	1942sqft
Sprinkler

                Plumbing RES/CI                                    Roofing                   

GOVERNMENT OWNED PROPERTIES 003/ 7200999-003     2/2

                             Floor/Use Computations                             

Pricing Key

Use	General Office	Theater
Use Area	1942 sqft	3880 sqft
Area Not In Use	0 sqft	0 sqft
Use %	100.0%	100.0%
Eff Perimiter
PAR
# of Units / AC
Avg Unit Size
Floor
Wall Height

Full Bath 0 0 0 0 Half Bath 0 0 2 0

#     TF       #     TF

Kitchen Sinks      0       0       0       0

Built Up             Tile                     Metal

Wood                 Asphalt             Slate Other

            GCK Adjustments           

Low Prof            Ext Sheat         Insulatio

Frame Adj Dock Floor

Adj Base Rate

Add Fixtures        0       0       0       0

SteelGP HGSR

AluSR PPS

Int Liner Sand Pnl

Sub Total(rate)

                                           Exterior Features                                           Description                               Area         Value

Stoop, Masonry                                                           96

Partitions

A/C

              Special Features              Description           Value

               Other Plumbing               Description Value

                                    Building Computations                                    Sub-Total (all floors)                            Garages

Racquetball/Squash

Lighting GCK Adj.

Plumbing Special Features

Sub-Total (building)

Location Mutiplier

Sub-Total

Elevated Floor

                                                                                                                                                Summary Of Improvements                                                                                                                                               

Res

Story

Year  Eff

Eff

Co

Base

Adj

Norm Remain Abn

Improv

Description

Eligibl

Height

Construction

Grade Built Year

Age

nd

Rate

LCM Rate

Size

RCN

Dep  Value Obs

PC  Nbhd

Mrkt

Value