501 Lutz Rd

Bloomington, IL 61704

$11,900,000
Price
96
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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an aerial view of a house
a view of street with parked cars
a bathroom with a sink and a mirror
a building with a couple of windows
a bathroom with a sink and a mirror
an aerial view of a house
a roof view
an aerial view of a house with yard and sitting area

Description

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....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.
  1. Listed by Carrie Tinucci-Troll • CORE 3 Commercial Real Estate
    P: (331)-452-6860 C: (331)-452-6860 carrie.troll@svn.com
  2. Listed by Mark Fetzer • CORE 3 Commercial Real Estate
    P: (309)-808-2125 mfetzer@core3pm.com

Property Details for 501 Lutz Road

Area
Bloomington
Zoning
MULTI
LISTING UPDATED: 03/04/2026 12:06 AM

Property Details for 501 Lutz Road

StatusActive
MLS #12578316
Days on Market24
Taxes$142 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built2026
Lot Size3.80 AC / 165,528 SF
CountyMcLean County
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Location

Listing Courtesy of CORE 3 Commercial Real Estate
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Building Information for 501 Lutz Road

Stories2Residences56Year Built2026Building Size-Lot Size3.80 AC / 165,528 SF

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$57,764 per month

30 year fixed, 6.11% Interest

Principal and Interest

$57,752

Property Taxes

$12

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 501 Lutz Road

General Information
Addtl Parking Information
  • Outdoor Parking: 51-100 Spaces
Location and General Information
  • Information: No Sign on Property,None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Forced Air,Gas
  • Num of Baths: 0.0
Property/Lot Information
  • Built Before 1978: No
  • Approximate Age: New Construction
  • Multi-Family Type: Garden Complex
  • Lot Size Source: County Records
  • Lot Dimensions: 395 x 337 x 102 x 200 x 94 x 200 x 185 x 354
  • Stories: 2
  • Building Area Total: 63266
  • Conversion: N
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 9
  • Deconversion: N
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 56
Income & Expenses
  • Electric Expense: $9,600.00
  • Fuel Expense: $.00
  • Gross Income: $1,126,320.00
  • Insurance Expense: $27,500.00
  • Maintenance Expense: $29,000.00
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Other Expense Source: Owner Projection
  • Repairs-Decor Expense Source: Owner Projection
  • Total Monthly Income: 98800
  • Net Operating Income: $729,729.00
  • Operating Expense: $396,591.00
  • Other Expense: $18,000.00
  • Trash Expense: $9,000.00
  • Water Sewer Expense: $6,900.00
Unit 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 16
Unit 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 40
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 501 Lutz Road

DateEvent & SourcePriceAppreciation
Feb 26, 2026

Listed (Active)

MRED #12578316

$11,900,000—
DateEvent & SourcePrice
02/26/2026

Listed (Active)

MRED #12578316

$11,900,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 501 Lutz Road

Taxable ValueLand$1,759Additions-Total$1,759
Tax Record2024$142 ($12 / month)
Home Facts
Lot Size165,964 SqFtStyleFarmsCountyMCLEANAPN21-17-451-007

Schools near 501 Lutz Road

This home is within Mclean County Community Unit School District 5.
Rating
School
Type
Grades
Distance
Cedar Ridge Elementary School
Public - K to 5
Evans Junior High School
Public - 6 to 8
Normal Community High School
Public - 9 to 12
Ybmc Charter School
Charter - 11 to 12
Rating
School
Distance
Cedar Ridge Elementary School
PublicK to 5

Evans Junior High School
Public6 to 8

Normal Community High School
Public9 to 12

Ybmc Charter School
Charter11 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 501 Lutz Road, Bloomington, IL 61704

501 Lutz Road is a multi-family home for sale in Bloomington, IL 61704. This property was listed for sale on February 26, 2026 by CORE 3 Commercial Real Estate, it's currently listed at $11,900,000. This listing's school district is Mclean County Community Unit School District 5. Nearby schools include Cedar Ridge Elementary School, Evans Junior High School and Normal Community High School. 501 Lutz Road is a 96-bed, 0-bath, multi-family home built in 2026.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CORE 3 Commercial Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 03/04/2026 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.