Sale of Galesburg Lab Property (IFB)

The State of Illinois, through the Department of Central Management Services (CMS), is seeking bids for the sale of the Galesburg Laboratory property located at 2100 South Lake Storey Road in Galesburg, Illinois. The property encompasses 4.32 acres and includes a 40,500 square foot laboratory facility built in 1976, featuring specialized areas such as an autopsy room, clinical pathology lab, virology lab, and various office and support spaces. The Invitation for Bids (IFB) for this property is solicited under bid number B-44469, with bids due on January 16, 2025 at 2:00 PM CDT. A pre-bid conference is scheduled for December 11, 2024 at 2:00 PM CDT via Webex, with an optional walk-through inspection planned for December 17, 2024. The property is being sold on an "AS-IS," "WHERE-IS," and "WITH ALL FAULTS" basis, with a minimum bid requirement of $305,000 and an earnest money deposit of 10% of the bid amount or $30,500, whichever is greater. The property recently underwent environmental remediation following a diesel fuel leak, which has been cleared by the Illinois Environmental Protection Agency, and is believed to be zoned as an "I" Institutional District under City of Galesburg jurisdiction.

Potential bidders must complete the Illinois Procurement Gateway (IPG) Active Registered Vendor Disclosure form and submit a comprehensive vendor disclosure document that includes information about ownership, tax identification, and compliance with state regulations. No specific set-aside designations or restrictions for disadvantaged enterprises are explicitly mentioned in the documentation. The anticipated selection is scheduled for March 2025, with a Purchase and Sale Agreement (PSA) execution planned for April 2025. Bidders are required to complete a detailed disclosure statement identifying all owners, beneficiaries, and parties entitled to receive more than 7% of distributable income from the property. The state will provide a base owner's title insurance policy, while the purchaser will be responsible for transfer taxes, recording fees, and most closing costs. While no incumbent vendors are identified, the property's recent environmental remediation and specialized laboratory infrastructure may require additional due diligence from potential buyers. The total property value is set at a minimum of $305,000, with the expectation that competitive bids may exceed this baseline amount.