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Retail Store with Three Rental Units

2407 W Indiana Ave, Midland, TX 79701

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For Sale

$325,000

SINGLE_FAMILY - Midland, TX

Type:Retail

Property size:

2,049 SF

Lot size:

0.13 Acres

Price / SF:

$158/SF

HighLights

Three rental units on one parcel offer excellent income potential.
Owner financing available.
Convenient location with easy access to downtown and the interstate.
Already surveyed and platted.
Unique investment opportunity.
Currently operating as an Antique store.

We can help!

Contact an agent

Cynthia Martinez

For Sale

$325,000

SINGLE_FAMILY - Midland, TX

Type:Retail

Property size:

2,049 SF

Lot size:

0.13 Acres

Price / SF:

$158/SF

Added:: Mar 26, 2026
Days on Market:: 95
Last Refresh:: Jun 28 at 4:06 am

Property Features for 2407 W Indiana Ave

General Information

Property type: Residential
Property subtype: Retail
Standard status: Active
Size: 2,049 SF
Lot size: 0.13 Acres

Taxes and HOA fees

Tax Description: Acres: 0.134, BLK: J, LOT: 004A, ADDN: GARRETT PLACE SEC 7
Tax Annual Amount: 3015

Building Details

Year built: 1965

We can help!

Contact an agent

Cynthia Martinez

Listing agent Cynthia Martinez License #TREC 0703055

Listing office Keller Williams 4920 N Midkiff Rd, Midland, TX

Listing date Mar 26, 2026

MLS# 50093819

Copyright © 2026 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.

HighLights

Three rental units on one parcel offer excellent income potential.
Owner financing available.
Convenient location with easy access to downtown and the interstate.
Already surveyed and platted.
Unique investment opportunity.
Currently operating as an Antique store.

Overview

This property is currently operating as an antique store and includes three rental units on a single parcel. The site has been surveyed and platted, which can support planning for renovation and reconfiguration. Lot size is listed at 0.134 acres, and the property is reported at 2,049 square feet.

The property is located at 2407 W Indiana Ave in Midland, Texas, and is described as having convenient access to both downtown and the interstate. Zoning is listed as RR per COM web, and the listing notes that buyers should verify the zone and any restrictions.

For investors and buyers looking for a multi-unit retail setup, the presence of three rental units on one parcel may offer flexibility for future leasing or repositioning. Owner financing is noted as available, and showings can be scheduled to review the current layout and operating use as an antique store. Buyer due diligence is advised to confirm zoning and restrictions before proceeding with renovation plans.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$30.7k	$15.00
− Vacancy	−$2.2k	−$1.05
EGI	$28.6k	$13.95
− OpEx	−$8.6k	−$4.19
NOI	$20.0k	$9.76

2,049 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$285.8K

$250.1K – $333.5K (±1% cap)

NOI $20,008 @ 7.0% cap · market cap 6.16%

Second Best

—

no second resolved use

Theoretical Best

Office A

$483.3K

$422.9K – $563.9K (±1% cap)

NOI $33,833 @ 7.0% cap · market cap 10.41%

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

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Similar Places Nearby

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Floristería — 2712 Kessler Ave, Midland, TX 79701
1800 flowers — 907 Andrews Hwy, Midland, TX 79701
Flowerland — 413 Andrews Hwy, Midland, TX 79701
Blooming Rose — 1705 W Wall St, Midland, TX 79701

Location Insight

Map
Local Demand

City: Midland
County: Midland
State: Texas
Longitude: -102.1006516
Latitude: 31.9902883

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For sale
Storefront properties
TX
Midland
79701
2407 W Indiana Ave

What type of property is this?

Storefront property - Operating as an antique store with three rental units on one surveyed, platted parcel.

Where is this storefront property located?

The property is located at 2407 W Indiana Ave Midland, TX.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Three rental units on one parcel offer excellent income potential.; Owner financing available.; Convenient location with easy access to downtown and the interstate.

2407 W Indiana Ave, Midland, TX 79701

SINGLE_FAMILY - Midland, TX

Property Features for 2407 W Indiana Ave

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Executive Office Warehouse Facility

Highly Visible Midland Office Building

Industrial Facility with Roll-Up Doors

Industrial Facility with Overhead Cranes

Flexible Office and Wellness Property

Flexible Office and Suite Property

Midland Commercial Property on 2.85 Acres

Midland Commercial Property on Corner

Multi-Building Industrial Flex Complex

Midland Industrial Asset on Acreage

Iconic Building in High-Traffic Area

Office Building with Acreage

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