Listing provided courtesy of CORE 3 Commercial Real EstateMREDas Distributed by MLSGrid- MLS# 12578316
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Request Info501 Lutz RoadBloomington, IL 61704
Commercial · 63,266 Sq. ft. | 3.80 Acres$11,900,000
Active
501 Lutz Road Overview
- Time on Site:
- 124 days
- Visits:
- 1
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.
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501 Lutz Road Facts & Features
- Type Commercial
- Sq. ft. 63,266
- Price/Sq.ft. $188
- Lot 3.80 Acres
Details
General
Income/Expenses
- Other Expense: 18000
- Electric Expense: 9600
- Fuel Expense: 0
- Gross Income: 1126320
- Insurance Expense: 27500
- Maintenance Expense: 29000
- Net Operating Income: 729729
- Operating Expense: 396591
- Trash Expense: 9000
- Water Sewer Expense: 6900
Building Information
- Year Built: 2026
Location/Region
- County Or Parish: McLean
- MLS Area Major: Bloomington
Tax Information
- Tax Annual Amount: $142.00
- Tax Year: 2024
General Information
- Parcel Number: 2117451007
- Property Type: Commercial Sale
- Zoning: MULTI
Interior
Building Interior
- Building Area Total: 63266
General Information
- Stories: 2
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Acres: 3.8
- Lot Size Dimensions: 395 x 337 x 102 x 200 x 94 x 200 x 185 x 354
General Information
- Number Of Units Total: 56
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Beds Total: 1
- Units Total: 16
Unit 2 Details
- Unit Type: Unit 2
- Beds Total: 2
- Units Total: 40
Unit 3 Details
- Unit Type: Unit 3
- Beds Total: 0
- Units Total: 0
Unit 4 Details
- Unit Type: Unit 4
- Beds Total: 0
- Units Total: 0
Unit 5 Details
- Unit Type: Unit 5
- Beds Total: 0
- Units Total: 0
Unit 6 Details
- Unit Type: Unit 6
- Beds Total: 0
- Units Total: 0
Unit 7 Details
- Unit Type: Unit 7
- Beds Total: 0
- Units Total: 0
501 Lutz Road Neighborhood
Community
61704 (Bloomington) Demographics
36
Median Age
1,988
Population Density (per sq. mile)
65%
College Educated
$86,383
Estimated Median Income
9,720
Estimated Total Home Owners
5,114
Estimated Total Renters
66% / 34%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.501 Lutz Road Monthly Cost
501 Lutz Road Market Data
Based on the last 30 days in this zip code
$416,098
Average List Price
$129
Average Price per Square Foot
41
Properties Sold
44
Average Days on Market
71
Properties for Sale
501 Lutz Road History
| Date | Value | Agent |
|---|---|---|
| 3/3/2026Source: MRED | Active |
|
| 2/26/2026Source: MRED | February 26, 2026 |