The City is considering the sale/development of 201 West Hydraulic Street, Yorkville (PIN #: 02-32-287-007)
The property is zoned as B-2 Retail Commerce Business District, which is intended primarily for commercial and professional office uses. The property is located within the “Hydraulic Street District” of the Downtown Overlay District. The Hydraulic Street District is a pedestrian-centered area with storefront style buildings focused on retail and services uses on the ground story, and residential and/or office uses on the upper stories. This property is also located in the Yorkville Downtown TIF 1 District, which is set to expire in 2029 but may be extended at some point in the future; any development plan or purchase offer should accept the risk involving the fact that the City cannot unilaterally extend the TIF past 2029. Currently, the property is used as a recreational programming space.
To be considered, please submit your proposal no later than 4:00 pm on Tuesday, September 13, 2022. Proposals may be submitted to, United City of Yorkville, 800 Game Farm Road, Yorkville, IL 60560, Attn: Bart Olson, City Administrator. Submissions will be opened at a meeting of the City Council of the United City of Yorkville, on Tuesday, September 13, 2022 at 7:00 pm.
Requests for proposals may be obtained at the City Hall address above or by download from the City’s website at https://www.yorkville.il.us/822/Old-Post-Office-Information-201-W-Hydrau. The City Council reserves the right to accept or reject any and all proposals, to waive technicalities and to accept or reject any item of any proposal.