Ivy Tech Community College Workday #KOFAC-27-001

Sale of Two Former Ivy Tech Peru Campus Properties

Ivy Tech Community College of Indiana is seeking proposals to sell two former campus properties in Peru, Indiana. - Buyer: Ivy Tech Community College of Indiana. - Properties offered: - 425 W Main St., Peru, Indiana — one property with land and improvements. - 366 W 3rd St., Peru, Indiana — one property with land and improvements. - Proposal information requested: Proposed purchase price, intended use, expected community benefit, and whether the purchaser wants building contents included; proposals should also include recent financial statements demonstrating financial stability. - Notable terms: The College may request a best and final offer. The selected purchaser must sign a formal purchase agreement and provide $25,000 in earnest money within five days after signing. - Named broker/contact: Ethan Manning of Oldfather Realty. No manufacturers or product vendors are identified.

Description

Ivy Tech Community College of Indiana is accepting proposals to purchase its former Peru Campus properties at 425 W Main St. and 366 W 3rd St., Peru, Indiana. Proposals must be submitted by January 5, 2027, at 5:00 PM EST, using the Letter of Intent, and should describe the intended use and its benefit to the community, identify any desired building contents, and include recent financial statements. The College may request a Best and Final Offer, and the successful bidder must enter into a purchase agreement and provide $25,000 in earnest money within five days of its execution. Property tours and information sessions are listed for November 9 and December 10, from 4:00 PM to 6:00 PM EST, at 425 W Main St.

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