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    201 E Illinois Ave Midland, TX 79701

    For Sale
    $3,800,000

    Other Commercial - Midland, TX

    Property size:
    30,396 SF
    Lot size:
    1.98 Acres
    Days on Market:
    71
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 201 E Illinois Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Paved or Surfaced
    Size
    30,396 SF
    Lot size
    1.98 Acres

    Building Details

    Year built
    1960
    Floors in Building
    2
    Architectural style
    Other

    Maven Real Estate Group (432) 215-8085

    Listing agent Maven Real Estate Group (432) 215-8085

    Listing date Sep 26, 2025

    MLS# 50085598 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

    Former Newspaper Building in Midland

    This expansive property, formerly the Midland Reporter-Telegram building, presents a redevelopment or adaptive reuse opportunity. The building offers generous square footage and an open floor plan. Its solid industrial structure is suitable for creative office space, retail, warehouse conversion, an event venue, or mixed-use redevelopment. The property, situated on a 1.98-acre lot, provides ample parking and easy access to major thoroughfares in the heart of Midland. Encompassing 30396 square feet, this property is ready to be transformed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MRT Media Group Marketing Agency Digital Basin Hunting Area

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.0728914
    Latitude
    32.0001279

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    FAQs

    What type of property is this?
    Warehouse - Expansive property with redevelopment potential in the heart of Midland.
    Where is this warehouse located?
    The property is located at 201 E Illinois Ave Midland, TX.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: - Expansive square footage and open floor plan offer endless redevelopment potential.; - Solid industrial construction provides a strong foundation for various uses.; - Ample parking available.
    (432) 215-8085
    Request Owner's contact information
    201 E 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
    201 E Illinois Ave Midland, TX 79701
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