This Solicitation opportunity from Illinois was posted on August 1, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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Sale of 800 Pratt Avenue

Closed

2025-RFP-057State & Local

Submission Closed08/22/2025, 12:00:00 AM UTC

Contract Overview

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

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NAICS: 531190

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Solicitation # BID-2026-0001

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Solicitation # RFB-785-2700000188-1

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Solicitation # 186-08-26

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POSTED

14 days ago

DEADLINE

in 14 days

AI Contract Overview

The Village of Schaumburg, Illinois, is seeking proposals for the sale of a 5.92-acre undeveloped property located at 800 Pratt Avenue, situated in the southwestern part of the village within the 390 West Gateway Industrial Park and inside a TIF District. Interested parties must submit their proposals through the Village's e-Procurement Portal, OpenGov, by August 22, 2025, at 1:00 pm; late submissions will not be considered. The Village aims to recover at least $3.9 million from the sale, aligning with its acquisition costs, and is open to offers within a range of $3.9 million to $5 million. The property is positioned near I-390 and is part of the Village’s economic development efforts. The solicitation, numbered 2025-RFP-057, is managed by the Illinois Economic Development agency, with Matt Frank serving as the primary contact. The project emphasizes transparency and competitiveness, with detailed information available on the Village’s procurement portal. The sale is part of the Village’s broader strategy to promote industrial growth and development within the designated TIF District, offering an opportunity for developers or investors interested in industrial or commercial projects in the region.

General Info

Agency

Illinois → Economic Development

NAICS

531190 - Lessors of Other Real Estate Property

Place of Performance

IL, USA

Set-Aside

NONE

Documents

No documents available

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Timeline

PhaseClosed

PostedAug 1

Solicitation

Response DeadlineAug 22

Deadline has passed

Submission Closed

08/22/2025, 12:00:00 AM UTC

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Organization & Contact Information

AgencyIllinois → Economic Development

Contacts1 person available

OfficeN/A

Organization / AgencyIllinois → Economic Development

Office AddressN/A

Contacts

Matt Frank

contact@example.gov

+1 (555) 000-0000

Full Description

The Village of Schaumburg, IL will accept proposals via the Village's e-Procurement Portal, OpenGov https://procurement.opengov.com/portal/villageofschaumburg for 2025-RFP-057, Sale of 800 Pratt Avenue to be received no later than Friday, August 22, 2025, 1:00 pm. Proposals submitted after the specified time will not be accepted.The subject property at 800 Pratt Avenue is located in the southwestern part of the Village of Schaumburg’s corporate limits, just north of I-390 in the 390 West Gateway Industrial Park. The property is 5.92 acres in size and completely undeveloped. The Village of Schaumburg is looking to get at least $3,900,000 for the property to recover the acquisition cost. The subject property is within a TIF District.