NOTICE OF SALE OF REAL ESTATE
4185 (Portion of), 4191, 4197, 4201 N. College
Ave., Indianapolis, IN, 46205
Notice is hereby given that the City of Indianapolis Department of Metropolitan Development (DMD), is seeking redevelopment proposals from qualified firms (‘Developers’) for the opportunity to purchase and develop the 42nd & College parcels, #8019034; 8064565 (Portion of); 8064566; 8064567 located at 4185, 4191,4197, and 4201 N. College Avenue, Indianapolis, IN 46205, further outlined in the Request for Proposals (‘RFP’) RFP-13DMD-2025-2, linked below.
Respondents must make a minimum purchase offer of $1,203,000.
All materials relative to this RFP addendum, including any additional addendums, are available for download directly from the City Purchasing Division at https://www.indy.gov/workflow/find-bid-opportunities. Any and all correspondence regarding this RFP, including questions and RFP submissions, should be directed to Piers Kirby, Administrator – Real Estate & Brownfield Redevelopment at piers.kirby@indy.gov
Proposals will be evaluated based upon:
· Alignment with the vision and requests outlined in RFP-13DMD-2025-2
· Description and character of the proposed project,
· Purchase price
· Economic and community development benefits from the purchaser’s uses, such as:
o number of affordable housing units to be created
o amount of construction investment
o number of permanent and temporary jobs created, and projected average hourly wages
· Bidder’s Experience and Qualifications with respect to transit-oriented development and housing creation
· Bidder’s demonstrated financial responsibility (financial statements, prior projects, etc.)
· Any other factors that will assure the commission that the sale, if made, will best serve the interest of the community, from the standpoint of both human and economic welfare.
LEGAL DESCRIPTIONS
NOTE: For purposes of the preparation of these descriptions, no surveys of the described real estate were performed, and no monuments were set. Legal descriptions are from the public assessor records.
2401 N. COLLEGE AVE., INDIANAPOLIS, IN, 46205
- Local Parcel: 8019034
- Legal Description: WOODCROFT L1 THROUGH L6
4185 N. COLLEGE AVE., INDIANAPOLIS, IN, 46205 [Northern ~1/3 of Existing Parcel]
- Local Parcel: 8064565
- Legal Description (Existing Parcel): HAMMONDS RESUB L46
- Legal Description (Area Being Offered): TO BE DETERMINED
4191 N. COLLEGE AVE., INDIANAPOLIS, IN, 46205
- Local Parcel: 8064566
- Legal Description: HAMMONDS RESUB L47
4191 N. COLLEGE AVE., INDIANAPOLIS, IN, 46205
- Local Parcel: 8064567
- Legal Description: HAMMONDS RESUB PT L48 BEG NE COR P.O.B. S58.2' W160' N38.05' NE26.59' E143.35' TO BEG
1. RFP packet may be downloaded directly from City Purchasing, at: https://www.indy.gov/workflow/find-bid-opportunities
2. Offers submitted by a trust (as defined in IC 30-4-1-1(a)) must identify each:
• Beneficiary of the trust; and
• Settler empowered to revoke or modify the trust.
All submissions to this RFP must be made by 12:00 noon local time on November 14, 2025. The Metropolitan Development Commission (MDC) will open proposals at their public meeting on November 19, 2025 at 1:00 PM local time.
INI 10/03, 10/17/2025 11672446 hspaxlp