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    200 W Illinois Ave Midland, TX 79701

    New
    For Sale
    $5,500,000

    Office Building - Midland, TX

    Property size:
    24,775 SF
    Lot size:
    0.48 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 200 W Illinois Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Covered, Paved or Surfaced
    Size
    24,775 SF
    Lot size
    0.48 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Electric

    Building Details

    Year built
    1948
    Architectural style
    Other

    The Real Estate Ranch LLC (432) 688-8200

    Listing agent Your Premier Real Estate Group The Real Estate Ranch LLC (432) 688-8200

    Listing date Dec 2, 2025

    MLS# 50087178 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

    Downtown Midland Office Building

    This three-story office building is located in downtown Midland, Texas. The property features inviting lobbies, an elevator, kitchenettes, and restrooms on each floor. The office spaces vary in size and some offer views of downtown. The property provides signage opportunities and is suitable for a range of professional offices, as well as potential creative ventures. The building includes an upstairs covered patio. The building is located on a 0.482-acre lot. The property contains 24,775 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    IRJ LAW, a PLLC Law Firm Verve Spa Studio Massage Therapist Tu Spiritist Center Guiding Heart Counseling ... Mental Health Service Permian Crude Transport Trucking Company

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.0729287
    Latitude
    31.9994856

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    FAQs

    What type of property is this?
    Office building - Three-story office building in downtown Midland, Texas.
    Where is this office building located?
    The property is located at 200 W Illinois Ave Midland, TX.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - Prime Downtown Honolulu Location; - Versatile Office Spaces Across Three Levels; - Kitchenettes & Restrooms on Each Floor
    (432) 688-8200
    Request Owner's contact information
    200 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
    200 W Illinois Ave Midland, TX 79701
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