501 Lutz rd - Multi-Family FOR SALE


Bloomington, IL 61704
$11,900,000 USD
309-590-7900
501 Lutz rd, Bloomington, IL for Sale
$11,900,000 USD
Multi-Family - FOR SALE
1/9
null | 6.13% Cap Rate

501 Lutz rd
Bloomington, IL 61704


OVERVIEW

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 have 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.

FOR SALE DETAILS

PRICE

$11,900,000 USD

PRICE/SF

$188 USD /SF

# OF UNITS

56

PRICE/UNIT

$212,500

CAP RATE

6.13%

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Vista at Wittenberg

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.8 AC

LAND SF

165,696 SF

ZONING

R-2

APN/PARCEL ID

21-17-451-007

ASK ABOUT THIS PROPERTY

309-590-7900

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309-590-7900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.