Multi-Tenant Mixed-Use
2509 W ILLINOIS AVE, Midland, TX 79701
For Sale
Contact for pricing
Established tenants occupy a commercial property configured for multiple occupants.
Property SizeContact for details
Days on Market12
Property Features for 2509 W ILLINOIS AVE
General Information
Standard status
Property subtype
Additional Details
Cap Rate
Building Details
Tenancy
Listing Agency:
Invest Texas Real Estate
Listed By:
Lance White · License TX #0720055
(432) 777-7022
Source:
Crexi
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 10 at 8:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Invest Texas Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use commercial property accommodates multiple tenants and has established tenancy. The reported cap rate is 10.38%. The property is located at 2509 W Illinois Ave in Midland, Texas.
Key Highlights
- 10.38% cap rate
- Multi‑tenant commercial property
- Established tenant base
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,318
Businesses Nearby
141k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 85%
Shops & Services 12%
Groceries 3%
Electronics 1%
Chick-fil-A
Dining
39,978 visits/mo
0.2 miles
Whataburger
Dining
23,665 visits/mo
0.5 miles
7 Brew Coffee
Dining
15,156 visits/mo
0.2 miles
Taco Villa
Dining
14,167 visits/mo
0.2 miles
Burger King
Dining
11,868 visits/mo
0.4 miles
Demographics for 79701, TX
29,748
Population
11,393
Households
2.6
Avg Household Size
33
Median Age
19%
College-Educated
73%
High-School Grad
12.1 sq mi
ZIP Area
2,459
Density / Sq Mi
$57,679
Median Household Income
$36,213
Median Earnings
$1,336
Median Rent
$204,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Established tenants occupy a commercial property configured for multiple occupants.
Where is this mixed-use property located?
The property is located at 2509 W ILLINOIS AVE Midland, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 10.38% cap rate; Multi‑tenant commercial property; Established tenant base
