501 Lutz Road Bloomington, IL ^$ 11,900,000

501 Lutz Road

^$ 11,900,000

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Recently Listed New Construction

501 Lutz Road

Bloomington, IL, 61704

^$ 11,900,000

Bedrooms3 Baths0.0 Sq 63,266

Monthly Estimate*

^$ 73,270

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501 Lutz Road, Bloomington, IL 61704 - Image 2

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Multi-Family Home for sale in Bloomington, IL

for $11,900,000 with 3 bedrooms. This 63,266 square foot home was built in 2026 on a lot size of 3.8.

Introducing an exciting new multifamily community coming to Bloomington, new construction in 2026 - The Vista at Wittenberg, located at 501 Lutz Road. Thoughtfully planned, all development and site work has already been completed, providing a streamlined path to construction and delivery. This 56-unit development will offer a balanced mix of modern living spaces, including 16 spacious 1-bedroom units and 40 well-designed 2-bedroom units, ideal for residents seeking convenience, comfort, and style. Interior features of the units include LVT flooring, granite countertops and upscale appliances, along with a designated in-home office space. The Vista at Wittenberg development offers an attractive opportunity for future residents and multifamily investors alike. Disclaimer: All photos and floor plans are conceptual renderings. Actual building design, finishes, and layouts may differ.

Multi-Family Active

Price

^$ 11,900,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 142

Style

Lot Size

3.8

Year Built

2026

Town/City

Bloomington

County/Region

McLean

MLS | Web ID

12578316

Features

General

Zoning MULTI

Year Built 2026

Stories Count 2

Tax Year 2024

Gross Income 1126320

County McLean

Net Operating Income 729729

Operating Expense 396591

Insurance Expense 27500

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 29000

Status New

Directions The proposed multifamily complex will be located at the intersection of Lutz and S. Morris Ave just south of W. Hamilton Road. The complex will sit across from Prairie Vista Golf Course.

City Bloomington

Number Of Units Total 56

MLS Area Bloomington

Tax Annual Amount 142

Electric Expense 9600

Fuel Expense 0

Trash Expense 9000

Water Sewer Expense 6900

Additional Parcels Y/N N

Standard Status Active

Exterior

Building Area Total 63266

Lot Dimensions 395 x 337 x 102 x 200 x 94 x 200 x 185 x 354

Lot Size Acres 3.8

* Excluded Features

List By

Core 3 Commercial Real Estate

Broker

carrie.troll@svn.com

Affordability Calculator

$73,282

Per Month

Monthly Principal & Interest: $73,270
Monthly Property Taxes: $12
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Bloomington, IL

Average List Price ^$693,396

Percent of Sale Price 94%

About Bloomington, IL

78,214 Population

20% Since 2002

^$64,924 Median Income

36.67 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/26/2026	$11,900,000		Listed Price

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501 Lutz Road, Bloomington, IL, 61704 is a Multi-Family Home for sale at $11,900,000 with 63,266 sqft and a lot size of 3.8. 501 Lutz Road has 3 bedrooms, 0.0 baths, and was built in 2026. The property's zip code is 61704 which is in Bloomington, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 2/28/2026.

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501 Lutz Road

Multi-Family Home for sale in Bloomington, IL

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