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    1501 W Illinois Ave Midland, TX 79701

    For Sale
    $450,000

    Office Building - Midland, TX

    Property size:
    2,593 SF
    Lot size:
    0.34 Acres
    Days on Market:
    74
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 1501 W Illinois Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Covered, Paved or Surfaced
    Size
    2,593 SF
    Lot size
    0.34 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Electric

    Building Details

    Year built
    1960
    Architectural style
    Other

    Lanier Real Estate (432) 349-1144 [email protected]

    Listing agent Bill Lanier, (agt), Crs Gri, Abr (432) 349-1144

    Listing date Sep 29, 2025

    MLS# 50085653 Listing URL

    Copyright © 2025 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Midland Office Building For Sale

    This office building, located in Midland, Texas, presents an investment opportunity with drive-up parking. The 2,593 square foot property is situated on a 0.335-acre lot and is conveniently located near downtown Midland. The property is suitable for a landman, attorney, or accounting group. The owner offers a build-to-suit option for creating a customized professional office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bill Jackson Realtors Real Estate Consultant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.0909947
    Latitude
    31.9972111

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    FAQs

    What type of property is this?
    Office building - Office building near downtown Midland, ideal for professional services.
    Where is this office building located?
    The property is located at 1501 W Illinois Ave Midland, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Prime investment opportunity for professional office space.; - Conveniently located near downtown Midland.; - Includes drive-up parking with covered and paved/surfaced options.
    (432) 349-1144
    Request Owner's contact information
    1501 W Illinois Ave Midland, TX 79701
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    Midland, TX 79701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1501 W Illinois Ave Midland, TX 79701
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