Renovated Freestanding Office
New
For Sale
$1,350,000
301 E Illinois Ave, Midland, TX 79705
Commercial Sale, Midland, TX
Property Size10,800 SF
Lot Size0.32 Acres
Price / SF$125
Days on Market3
Property Features for 301 E Illinois Ave
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
Original Town
Standard status
Active
Size
10,800 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
Acres: 0.321, BLK: 022, LOTS: 007 & 8, ADDN: ORIGINAL TOWN
Tax Annual Amount
2635
Legal Description
Acres: 0.321, BLK: 022, LOTS: 007 & 8, ADDN: ORIGINAL TOWN
Amenities
Lobby
assembly room
board room
private offices
full kitchen
storage
updated restrooms
Building Details
Year built
1978
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Andrea Thomas · License #0762340
(432) 349-8501
Added: Sep 9
Last Checked: Sep 11 at 12:06PM
MLS# 50098149
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.
Investment Insights
Based on property information with market context.
This freestanding office building contains 10,800 square feet on a 0.321-acre corner parcel at Weatherford and Illinois. The interior was renovated in 2023 with sealed concrete flooring, open black ceilings, new lighting, and a new rooftop HVAC system. The layout includes a lobby, assembly room, board room, private offices, full kitchen, storage areas, and updated restrooms. The property will be delivered vacant.
On-site striped parking is supplemented by curb parking along both streets. The building is identified as C-3, with use subject to verification. Constructed in 1978, the property is located near Centennial Park and the Omni and Locklin hotels.
On-site striped parking is supplemented by curb parking along both streets. The building is identified as C-3, with use subject to verification. Constructed in 1978, the property is located near Centennial Park and the Omni and Locklin hotels.
Key Highlights
- 10,800 SF freestanding office building on a 0.321‑acre corner parcel
- Renovated in 2023 with new lighting, rooftop HVAC, sealed concrete floors, and open black ceilings
- Includes lobby, assembly room, board room, private offices, kitchen, storage, and updated restrooms
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,267
Businesses Nearby
Explore this area
Business Placement
Demographics for 79705, TX
44,138
Population
20,021
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
91%
High-School Grad
79.4 sq mi
ZIP Area
556
Density / Sq Mi
$105,106
Median Household Income
$60,415
Median Earnings
$1,431
Median Rent
$329,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Vacant office property with boardroom, assembly space, kitchen, and updated restrooms.
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: 10,800 SF freestanding office building on a 0.321‑acre corner parcel; Renovated in 2023 with new lighting, rooftop HVAC, sealed concrete floors, and open black ceilings; Includes lobby, assembly room, board room, private offices, kitchen, storage, and updated restrooms
