In accordance with Indiana Code 36-7-15.1, before offering for sale to the public any property owned by the Department of Metropolitan Development (DMD), appraisals from two (2) independent appraisers must be made. Next, an offering sheet showing the parcel to be offered and the offering price must be prepared. Then, a notice is published in The Indianapolis Star and the Indianapolis Business Journal indicating the general location of the parcel, applicable property, the offering price, closing date of the bid, and the designated time the Metropolitan Development Commission (MDC) will open and consider written offers for the purchase of the property.  (To be notified by email when new RFPs are published, subscribe to notifications through the home page).

At the time set in the notice, the MDC shall open and consider all offers received. For an offer to be considered, it must include a completed application and the application fee, if applicable. Offers may consist of consideration in the form of cash, other property, or a combination of cash and property. However, with respect to property other than cash, the offer must be accompanied by evidence of the property's fair market value that is satisfactory to the MDC. The MDC may reject any or all bids received or may make awards to the highest and best bidders.

A parcel that was not disposed of through the public bidding process is placed on this website and marketed to developers, not-for-profits, and the general public. Click here for a complete list of parcels currently available for sale.