Solicitation of Bids and Proposals for the Sale and Development of Property at 1313-1351 175th Street

LEGAL NOTICE

VILLAGE OF HOMEWOOD

SOLICITATION OF ALTERNATE BIDS AND PROPOSALS FOR THE SALE AND DEVELOPMENT OF PROPERTY IN A TAX INCREMENT REDEVELOPMENT PROJECT AREA

Notice is hereby given that the Village of Homewood is soliciting bids and proposals for the sale and development of the following described municipally-owned property in the Northeast Redevelopment Project Area:

Lots 1, 2, 3 and Outlot “D” in Block 4, all in Prairie Lakes Business Center, being a Planned Unit Development in the Northwest 1/4, the Northeast ¼ and the North ½ of the Southeast ¼ of Section 32, Township 36 North, Range 14, East of the Third Principal Meridian, in Cook County, Illinois.

Lot 1 in Industrial Subdivision Unit No. 2, being a Subdivision in the Northwest ¼ of Section 32, Township 36 North, Range 14 East of the Third Principal Meridian, according to the plat thereof recorded April 28, 1982, as Document No. 26214942 in Cook County, Illinois.

That part of vacated Throop Street lying East of Lot 1 in Industrial Subdivision Unit No. 2 for a measurement of 60 x 300 feet as depicted on the plat attached thereto, pursuant to ordinance M-1764 recorded December 2, 2008, as document 0833729009.

Lot 1 in Industrial Subdivision Unit No. 1, Being a Subdivision in the Northwest ¼ of Section 32, Township 36 North, Range 14 East of the Third Principal Meridian, According to the Plat Thereof Recorded April 28, 1982 as Document No. 26214942, in Cook County, Illinois.

Permanent Index Number:          29-32-101-068-0000

29-32-101-067-0000

29-32-101-066-0000

29-32-101-076-0000

29-32-101-047-0000

29-32-101-048-0000

Common Address:                          1313-1351 175th Street

Homewood, IL 60430

The property consists of approximately 4 acres of vacant land and an adjacent 1.275 acre parcel improved with a two-story office building. The property is zoned M-1 limited manufacturing. The proposal calls for selling the property for $1, rehabilitating the existing office building, and constructing a light manufacturing facility on the adjacent property.

Copies of the proposal are available for public review in the Village Clerk’s office at the Homewood Village Hall, 2020 Chestnut Road, Monday through Friday, 8:00 a.m. to 5:00 p.m., and on the village website: village.homewood.il.us.

Alternate proposals must be received at the Village Clerk’s office in the Homewood Village Hall, 2020 Chestnut Road, Homewood, Illinois, by 5:00 p.m. on Tuesday, February 24, 2026. All such proposals will be presented at the Village Board meeting beginning at 7:00 p.m. on February 24, 2026.

Proposals shall include:

a. Description of planned use(s).

b. Timeline of construction period.

c. Proposed site plan/design.

d. Estimated date of completion of improvements.

e. Estimated date of occupancy and estimated date of commencing new business operations.

f. Description of incentives requested by the Developer, if any.

Persons with questions may contact the Director of Economic & Community

Development, Angela Mesaros, at (708) 206-3387.

Village Clerk

Village of Homewood

Date: February 11, 2026