Indianola Civicplus #North Howard Commercial Real Estate Broker RFQ

City of Indianola Solicits Commercial Real Estate Broker Services for Downtown Property Sale

This opportunity involves the City of Indianola, Iowa seeking a qualified commercial real estate broker or firm to market and sell city-owned property at 110 N Howard Street in downtown Indianola. - Government Buyer: - City of Indianola, Iowa (local government) - Scope of Services: - Professional commercial real estate broker services for marketing and selling a city-owned property - Property details: 0.39 acres, 16,776 sq ft, three commercial units - Broker responsibilities include: - Developing and executing marketing strategies - Listing the property and preparing marketing materials - Conducting outreach, property tours, and managing offers - Supporting buyer due diligence and transaction processes - Providing regular updates to city officials - Notable Requirements: - Broker must be licensed and experienced in commercial real estate - Familiarity with Iowa Code 364.7 (municipal property sales) required - Compliance with downtown design standards for any exterior changes - Buyer must be a taxable entity - Broker cannot perform the property appraisal (independent MAI appraisal will be obtained) - Insurance required; commission paid only upon successful sale - Known property conditions include asbestos in certain areas and informal occupancy by local organizations - No OEMs or product vendors are involved, as this is a service procurement - Selection is based on qualifications, experience, and marketing approach

Description

The City of Indianola, Iowa is requesting Statements of Qualifications from licensed commercial real estate brokers or firms to provide professional services for marketing and selling City-owned property located at 110 N Howard Street in downtown Indianola. The procurement is qualifications-based, focusing on the broker's experience, marketing approach, and knowledge of municipal property sale requirements. The selected broker will develop marketing strategies, manage offers, support transaction processes, and provide regular updates to city officials. Proposals are due by July 22, 2026, at 2:00 PM.

View original listing