Class A Office Tower in
For Lease
Contact for pricing
500 W Illinois Ave, Midland, TX 79701
Prime office space in Midland's Central Business District.
Space Size3,921 SF - 7,329 SF
Property Size182,062 SF
Lot Size0.96 Acres
Days on Market1481
Property Features for 500 W Illinois Ave
General Information
Standard status
Active
Size
3,921 SF - 7,329 SF
Class
A
Lot size
0.96 Acres
Property subtype
Office
Lease Type
Modified Gross
Building Details
Building Size
182,062 SF
Year Built
1983
Tenancy
Multiple
Spaces For Lease
at 500 W Illinois Ave Contact us- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 100
- Size
- 7,329 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 400
- Size
- 3,921 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 750
Listing Agency:
Moriah Real Estate Company, LLC
(432) 682-2510
Listed By:
John Elphick · License #0377074
Source:
Crexi
Added: Aug 11, 2022
Changed: Aug 21
Last Checked: Aug 28 at 9:57PM
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 Moriah Real Estate Company, LLC
Investment Insights
Based on property information with market context.
This 13-story, Class A, multi-tenant office tower is situated in the heart of Midland's Central Business District. The building contains 182,062 square feet of prime office space and includes an 8-story parking garage on a 0.96-acre lot. Originally constructed in 1984, the black glass and granite office building underwent a comprehensive renovation in 2019, enhancing its mechanical systems and aesthetic design. Office suites are available within the One Community Centre Building, located at the intersection of Illinois Avenue and Marienfeld Street. The location is just north of the Fasken Center and Wells Fargo, and to the east of the ConocoPhillips campus. The building is conveniently within walking distance of the Petroleum Club, Centennial Park, the Bush Convention Center, and a variety of downtown restaurants and retail shops.
Key Highlights
- Prime location in the heart of Midland's Central Business District at the intersection of Illinois Avenue and Marienfeld Street.
- Class A, 13‑story multi‑tenant office tower with 182,062 square feet of office space.
- Comprehensive renovation in 2019 enhancing mechanical systems and aesthetic design.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.53 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,027
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Prime office space in Midland's Central Business District.
Where is this office building located?
The property is located at 500 W Illinois Ave Midland, TX.
What is the lease rate?
The lease rate is $23.50 SF/Yr.
What are key features of this property?
This property features: Prime location in the heart of Midland's Central Business District at the intersection of Illinois Avenue and Marienfeld Street.; Class A, 13‑story multi‑tenant office tower with 182,062 square feet of office space.; Comprehensive renovation in 2019 enhancing mechanical systems and aesthetic design.
