Solicitation of Bids and Proposals for Property Redevelopment at 18157 Dixie Highway

NOTICE OF PROPOSAL TO SELL PROPERTY AND SOLICITATION OF BIDS FOR PROPERTY AT 18157 DIXIE HIGHWAY IN HOMEWOOD, COOK COUNTY, ILLINOIS

The Village of Homewood solicits bids for the sale and development of real property at 18157 Dixie Highway in Homewood, Cook County, Illinois, described as follows:

Legal Description: The North 41.00 Feet (except the South 16.0 Feet of that Part lying Westof the East 147 Feet) of that Part of the West ½ of the Southeast ¼ of Seciton 31, Township 36 North, Range 14 East of the Third Principal Meridian, Bounded and Described as Follows:

Beginning at the Northeast Corner of Lot 1 in the Subdivision of Lot 6 in the County Clerk’s Division of the West ½ of the Southeast ¼ of Said Section according to the Plat Thereof Recorded October 21, 1927, as Document No. 9816722 in Book 253 of Plats, Page 2: Thence West Along the North Line of Said Lot 1, 297 Feet to the East Line of Dixie Highway, Thence North Along Said East Line of Dixie Highway 287.00 Feet; Thence East Parallel with the North Line of Lot 1 Aforesaid, 297.0 Feet; Thence South Parallel with West Line of the Southeast ¼ of Said Section 31, 287.0 Feet to the Point of Beginning, in Cook County, Illinois.

Parcel Identification No: 29-31-409-076-0000

Common Address: 18157 Dixie Highway, Homewood, IL 60430

The property is a 2,600 square-foot vacant single-story commercial building with approximately 15 parking spaces and access via Dixie Highway and a cross-access easement through property located at 18201-18209 Dixie Highway.

Any party/developer interested in acquiring the real estate shall submit a sealed proposal for acquisition to: Village Clerk, Homewood Village Hall, 2020 Chestnut Road, Homewood, Illinois, by NO LATER THAN 12:00 pm on Tuesday, July 28, 2026, during regular business hours (Monday - Friday 8:00 a.m. – 5:00 p.m.).

Proposals shall contain the purchase price and proposed acquisition terms. Proposals shall include:

a. A description of applicant’s planned use of the property;

b. A draft site plan or floor plan for the development, or a description of proposed physical improvements to the property;

c. A preliminary project budget, or pro forma for the development, including the source of funding for the property acquisition and improvements.

d. A description of any incentives sought by the applicant. NOTE: This property is not within a tax increment finance district.

e. An estimated date the redevelopment will be complete and open for business.

Questions regarding this notice shall be directed to the Village Manager’s Office of the Village of Homewood at (708) 206-3380 or nschumerth@homewoodil.gov.

The Village shall only accept cash offers. The Buyer shall be responsible for procuring a survey and for all closing costs. This property will be sold AS IS. The Village will convey title by special warranty deed. The Village of Homewood reserves the right to negotiate the terms of any proposed sale and may accept any proposal it determines to be in the Village’s best interest, or to reject all proposals.

Nakina Flores, Village Clerk