Commercial Real Estate and Local Government and Development/Redevelopment and Winona and Government & Economic Development and Real Estate & Retail

No buyers surfacing for former Winona Hospital

March 15, 2010

The city of Indianapolis’ plans to sell the former Winona Hospital for redevelopment is failing to attract interest from potential buyers.

As of late Monday morning, no bids had been submitted, according to John Bartholomew, spokesman for the Metropolitan Development Commission. MDC is set to begin reviewing bids at its Wednesday meeting.  

On Feb. 3, MDC approved a resolution to publicly list the property for $667,500.

The 317-bed hospital at Meridian and 32nd streets, which opened in 1956, closed in 2004 after owners declared bankruptcy. In October, it was listed—along with its unpaid tax bill of nearly $1 million—in the Marion County Treasurer’s tax sale.

But the opportunity to obtain the property’s tax lien attracted no bidders either. The city has written off Winona’s back taxes and is now attempting to attract a buyer who can rehabilitate the property.

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