Village of Coal Valley, Illinois
Request for Proposals
DEVELOPMENT OF NEW COMMERCIAL RETAIL FACILITY ON CERTAIN VACANT PROPERTY
PURPOSE. The Village of Coal Valley, Illinois (the “Village”) is requesting proposals from qualified buyers interested in acquiring vacant Village-owned Commercial Property within the Village of Coal Valley and upon which new commercial retail facilities shall be constructed thereon. This Request for Proposals (“RFP”) invites all qualified buyers to submit proposals and offers to buy all or a portion of said Commercial Property in accordance with the requirements described in this RFP.
PROJECT DESCRIPTION. The Village has acquired a tract consisting of approximately .40 acres of land located at 112 W. 1st Ave., Coal Valley, Illinois, which is identified as PIN 17-23-100-012 (the “Commercial Property”), and as depicted below. Said Commercial Property is on the north end of the Village and assigned to Rock Island County real estate tax code 12003T2, which is within the Coal Valley Route 6 Tax Increment Financing (TIF II) District Redevelopment Project Area. The Village hereby presents public disclosure of the availability of all or a portion of the Commercial Property for sale by the Village pursuant to 65 ILCS 5/11-74.4 et. seq. (the “TIF Act”). The Commercial Property has access to Village water and sanitary sewer.
The Illinois Tax Increment Allocation Redevelopment Act (65 ILCS 5/11-74.4 et. seq.) authorizes the conveyance of municipal-owned real estate in a manner and at such price as the municipality determines is reasonable and necessary to achieve the objectives of the TIF II Redevelopment Plan and Projects (65 ILCS 5/11-74.4-4). The TIF Act further provides that said conveyance must be made after approval of an ordinance by the corporate authorities and after public disclosure of the terms of such disposition and all proposals received in response to the Village’s Request for Proposals.
Therefore, the Village is seeking qualified buyers to purchase all or a portion of said Commercial Property for the construction of new commercial facilities, which must fully comply with all applicable Village codes, ordinances, and subdivision covenants. The Village shall initially give preference to proposals for the acquisition of the Commercial Property, on which commercial retail facility(ies) employing 10 or more full-time employees shall be constructed. The Village will consider providing TIF II assistance to qualified buyers upon acceptance of a proposal submitted in response to this RFP. TIF II District Applications are available upon request from the Village, and all TIF II assistance, if any, is subject to approval of a written redevelopment agreement that is approved by Village ordinance.
The Village of Coal Valley is not responsible for providing any environmental documentation, survey work, topography information, or soil conditions reports it does not already possess. All due diligence, regarding the existing condition of the Commercial Property, will be the sole responsibility of the buyer at their own expense.
PROPOSAL SUBMISSION. All respondents to this RFP are required to follow the requirements described below. The contents of the submittal must be clear, concise, and complete. Acceptance of a proposal submitted in response to this RFP, if any, and subsequent conveyance of all or a portion of the Commercial Property shall be subject to the approval of the Coal Valley Village Board. The Village reserves the right to publish the availability of the Commercial Property again following the close of this RFP. Please note the following:
- Proposals shall be in writing and contain: a cover letter describing the proposed use of the Commercial Property, an offered price for a specified square footage or acreage of the Commercial Property to be purchased, the proposed terms of acquisition, a description of the type of commercial development to be constructed and a general design for the development, the estimated square footage of the facility(ies) that are to be constructed on the Commercial Property, the approximate total project cost as relates to proposed land and building improvements, the number of full time employees to be employed at this site, and any other information relevant to the proposed project. Proposals shall include an estimated timeline for construction and completion of the project.
- Proposals are to be submitted on or before 10:00 a.m. on Friday, November 13th as follows:
- in printed, hardcopy form to the Village of Coal Valley in a sealed envelope on or before the delivery deadline at Coal Valley Village Hall, 900 1st Street, Coal Valley, IL 61240. Village Hall office hours are M-Th, 8:00 a.m. to 4:30 p.m. and Fri 7:00 a.m. to 3:30 p.m.; or
- submitted in digital (pdf) format as an attachment to an email to Penny Mullen at the Village of Coal Valley at [email protected].
- The Village will review all proposals beginning at 10:00 a.m. on Friday, November 13th, 2026, and will consider proposals submitted in response to this RFP at its regularly scheduled Village Board Meeting on Wednesday, November 18th, 2026. By submission of its proposal, the Respondent to this RFP shall thereby consent to the disclosure of its proposal to Village personnel and advisors for the purpose of evaluation; and the Village reserves the right to request additional information.
- The Village of Coal Valley further reserves the right to accept or reject any and all proposals submitted, either in whole or in part, with or without cause, to waive any informalities, elect to conduct interviews of buyers, developers, and investors, and to negotiate the terms of a redevelopment agreement as may be deemed necessary pursuant to the TIF Act.
This RFP has been published on the Village of Coal Valley’s website at https://www.coalvalleyil.org and in hardcopy form at Village Hall by order of the Village of Coal Valley, Illinois.
Ms. Elissa Bundy, Village Clerk
October 28, 2026