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    Bloomington, IL Apartment Buildings for Sale

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    Normal, IL Heyworth, IL Carlock, IL
    New Multifamily Community in Bloomington
    Updated: Jan 27
    New Multifamily Community in Bloomington

    501 Lutz Rd, Bloomington, IL 61704

    $11,900,000
    63,266 sqft
    New construction (2026) multifamily community.
    56 units: mix of 1‑bedroom (16) and 2‑bedroom (40) units.
    All development and site work already completed.
    Interior features: LVT flooring, granite countertops, upscale appliances.
    Designated in‑home office space in each unit.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Bloomington, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Pekin Multifamily Property Near Lake
    Pekin Multifamily Property Near Lake

    740 E SHORE Drive, Pekin, IL 61554

    $674,900
    0.64 AC lot

    Well-maintained 8-unit apartment building near Lake Arlann.

    View details
    East Peoria Mixed-Use Investment
    East Peoria Mixed-Use Investment

    220 & 222 MEADOW Avenue, East Peoria, IL 61611

    $280,000

    Mixed-use property with residential and commercial income potential.

    View details
    Mixed-Use Building Near Morton
    Mixed-Use Building Near Morton

    3409 MEADOW Avenue, East Peoria, IL 61611

    $314,900
    0.70 AC lot

    Multi-use building with commercial spaces and apartments near Morton.

    View details
    Pekin Commercial Building with Apartments
    Pekin Commercial Building with Apartments

    101 N PARKWAY Drive, Pekin, IL 61554

    $494,900

    Versatile commercial building with apartments in Pekin, Illinois.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details
    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

    View details
    Norman Land For Luxury Condos
    Norman Land For Luxury Condos

    801 NW 36th Avenue, Norman, OK 73072

    $285,000
    0.74 AC lot

    Prime Norman land suitable for luxury condos development.

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    Off-Market Properties in Bloomington, IL

    Consider similar Off-Market properties in Bloomington, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    403 Bronco Dr
    Residential income properties

    403 Bronco Dr, Bloomington, IL 61704

    Value Estimation by Request
    4,800 sqft · 0.19 AC lot
    View details

    Bloomington, IL Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Bloomington, IL on our real estate platform. These investment opportunities span a total of 63,266 square feet of properties for sale, with an estimated market value of $11,900,000.

    Sale prices for two-family homes in Bloomington, IL start at $11,900,000, averaging $11,900,000, and reaching up to $11,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 85K
    Population Growth (5Y) -0.4%
    Median Household Income $81,768
    College Educated 25.4%

    High-Yield Neighborhoods for Investment

    Identify Bloomington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61704 $11.9M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in McLean County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Bloomington fall within the 100,000+ square foot range.

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