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Renovated Freestanding Office Building
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301 E ILLINOIS AVE, Midland, TX 79701

Flexible downtown office property with private offices, meeting space, updated restrooms, and paved on-site parking.

Property Size10,800 SF
Lot Size0.32 Acres
Price / SF$125
Days on Market7

Property Features for 301 E ILLINOIS AVE

General Information

Standard status Active
Size 10,800 SF
Lot size 0.32 Acres
Property subtype Office
Zoning C-3

Additional Details

Asking Price $1,350,000
Road Access Yes

Building Details

Year Renovated 2023
Buildings 1
Building Size 10,800 SF
Listing Agency: The Real Estate Ranch
Listed By: Thomas Johnston · License #TX 542176
Source: Crexi
Added: Sep 2 Changed: Sep 7 Last Checked: Sep 7 at 9:27AM

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 The Real Estate Ranch

Investment Insights

Based on property information with market context.

This freestanding office building at 301 E Illinois Ave in Midland was fully renovated in 2023 and offers 10,800 SF on a 14,000 SF site. The interior includes a lobby beneath arched storefront windows, an open assembly room, conference and board room, private offices with interior vision windows, a full kitchen and break room, storage rooms, and updated restrooms. Improvements include sealed concrete floors, painted walls, open ceilings, new lighting, and new rooftop HVAC units.

The property occupies the corner of Weatherford and Illinois in downtown Midland's Original Town and is positioned near Centennial Park, the Omni Midland, the Locklin by Tapestry Hilton, and nearby energy, banking, and professional-services offices. Paved, striped parking is located on site, with additional curb parking permitted along both streets.

The building is delivered vacant and may be occupied as a whole or divided for separate users. It is zoned C-3 / Central Business District, with permitted uses subject to verification with the City of Midland.

Key Highlights

  • Fully renovated in 2023 with 10,800 SF of office space
  • 14,000 SF site at the corner of Weatherford and Illinois
  • Private offices, open assembly room, conference room, kitchen, storage, and updated restrooms

Property Analytics

Current Use

Thriving United Charitable Organization

Suggested Use

Top Pick Dental Office Pharmacy Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,267
Businesses Nearby

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

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Flexible downtown office property with private offices, meeting space, updated restrooms, and paved on-site parking.
Where is this office building located?
The property is located at 301 E ILLINOIS AVE Midland, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Fully renovated in 2023 with 10,800 SF of office space; 14,000 SF site at the corner of Weatherford and Illinois; Private offices, open assembly room, conference room, kitchen, storage, and updated restrooms
(512) 970-1610 Call to check price and availability
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