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Commercial Real Estate Appraisal

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State & Local

Response Deadline01/05/2027, 10:00:00 PM UTC

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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This subcontract involves providing professional commercial real estate appraisal services for Ivy Tech Community College of Indiana. The selected contractor will be responsible for performing valuations of land and improvements for private purchasers of the college's real estate assets, specifically focusing on campus and commercial properties located in Peru, Indiana. The scope of work includes conducting detailed market analyses, comparing similar properties, and valuing building contents to produce a final Certified Appraisal Report. The opportunity was posted on November 6, 2026, with a response deadline of January 5, 2027. Classified under NAICS code 531390, this project requires specialized expertise in commercial appraisal to ensure accurate asset valuation for the institution. Interested parties can find further details through the Ivy Tech Community College of Indiana public procurement portal.

General Info

Commercial real estate appraisal services for Ivy Tech Community College properties in Peru, Indiana.

Agency

Ivy Tech Community College of Indiana

NAICS

531390 - Other Activities Related to Real Estate

Place of Performance

Not specified

Set-Aside

NONE

Documents

This scope was carved out of KOFAC-27-001.

The full solicitation package (2 documents), including the RFP, is on the prime solicitation, not on this scope.

View the prime solicitation

RFQ #KOFAC-27-001 - Request for Proposal for the Sale of Ivy Tech Community College's Peru Property

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Timeline

PostedNov 6

subcontract

Response DeadlineJan 5

Submission deadline

Response Deadline

01/05/2027, 10:00:00 PM UTCin 2 months

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Organization & Contact Information

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AgencyIvy Tech Community College of Indiana

ContactsNo contacts available

OfficeN/A

Organization / AgencyIvy Tech Community College of Indiana

Office AddressN/A

ContactsNo contact information available

Full Description

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Performs professional valuation of land and improvements for private purchasers of Ivy Tech Community College of Indiana real estate assets. Conducts market analysis, comparison of similar campus/commercial properties in Peru, IN, and valuation of building contents. Delivers a Certified Appraisal Report.

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RFQ #KOFAC-27-001 - Request for Proposal for the Sale of Ivy Tech Community College's Peru Property

Solicitation # KOFAC-27-001

Ivy Tech Community College of Indiana is soliciting proposals for the sale of its former Peru Campus properties, located at 425 W Main St. and 366 W 3rd St., Peru, IN 46970. This sale of surplus property includes all parcels identified in Exhibit A and B. Interested parties are invited to attend property tours and information sessions held on November 9th and December 10th from 4:00 PM to 6:00 PM EST at the 425 W Main St. location. All proposals must be submitted via a Letter of Intent (Exhibit C) by January 5, 2027, at 5:00 PM EST, delivered either electronically or by mail to Ethan Manning. To be considered, proposals must include a description of the intended use of the property and its projected benefit to the community, as the future use of the site is a key evaluation factor. Additionally, applicants must provide recent financial statements to demonstrate financial stability and indicate if they wish to acquire any building contents. Upon the mutual execution of a Letter of Intent, the purchaser has five business days to submit a formal purchase agreement. A deposit of 25,000 dollars in earnest money is required within five days of the execution of said purchase agreement.

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