Bloomington, IL 61704 501 Lutz Road
$11,900,000



4 more




Presented By: CORE 3 Commercial Real Estate
Home Details
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.
Presented By: CORE 3 Commercial Real Estate
General for 501 Lutz Road
Additional Parcels Y/NNo
CityBloomington
CountyMcLean
DirectionsThe 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.
Electric Expense9600
Fuel Expense
Gross Income1126320
Insurance Expense27500
MLS AreaBloomington
MaintenanceExpense29000
Net Operating Income729729
Number Of Units Total56
Operating Expense396591
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount142
Tax Year2024
Trash Expense9000
Water Sewer Expense6900
Year Built2026
ZoningMULTI
Exterior for 501 Lutz Road
Building Area Total63266
Lot Dimensions395 x 337 x 102 x 200 x 94 x 200 x 185 x 354
Lot Size Acres3.8
Additional Details
Price History

SQFT • 63,266