Austin Indiana

RFP: 85 E. Main Street, Austin, IN

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REQUEST FOR PROPOSALS

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

Click Here to print/Download RFP

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.

EventDate
RFP IssuedMay 27, 2026
Proposal DeadlineJune 18, 2026 – Noon
Proposal ReviewJune 24, 2026 – 8:00 AM
Developer InterviewsIf Needed
Selection RecommendationTBD

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 $00Land Computations
$00$00$00$00Calculated Acreage0.21
$108,300$113,200$115,500$116,600Actual 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 HeightC/I Building C 01 C/I Building C 01 0Pre. Use Pre. Framing Pre. FinishGeneral Office
                                        SB               B                  1                  U              
Wall Type1(190)1(372)
Heating1942sqft3880sqft
A/C1942sqft 
Sprinkler  

Text Box: Base Rate                Plumbing RES/CI                                    Roofing                   

GOVERNMENT OWNED PROPERTIES 003/ 7200999-003     2/2

                             Floor/Use Computations                             

Pricing Key

UseGeneral OfficeTheater
Use Area1942 sqft3880 sqft
Area Not In Use0 sqft0 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           

Text Box: Water Heaters 0 0 0 0Low Prof            Ext Sheat         Insulatio

Frame Adj Dock Floor

Text Box: Wall Height AdjAdj Base Rate

Add Fixtures        0       0       0       0

SteelGP HGSR

AluSR PPS

Int Liner Sand Pnl

Text Box: Interior FinishSub Total(rate)

                                           Exterior Features                                           Description                               Area         Value

Stoop, Masonry                                                           96

Partitions

Text Box: Unit FinishText Box: SprinklerText Box: HeatingA/C

Text Box: S.F. Price              Special Features              Description           Value

               Other Plumbing               Description Value

                                    Building Computations                                    Sub-Total (all floors)                            Garages

Text Box: FireplacesRacquetball/Squash

Lighting GCK Adj.

Text Box: Exterior FeaturesPlumbing Special Features

Sub-Total (building)

Text Box: Other PlumbingText Box: Quality (Grade)Text Box: Theater BalconyLocation Mutiplier

Sub-Total

Text Box: Total (use)Text Box: Repl. Cost NEwText Box: Unit CostElevated Floor

                                                                                                                                                Summary Of Improvements                                                                                                                                               

 ResStory Year  EffEffCoBaseAdj  Norm Remain Abn  Improv
DescriptionEligiblHeightConstructionGrade Built YearAgendRateLCM RateSizeRCNDep  Value ObsPC  NbhdMrktValue