201 E Illinois Ave - Office FOR SALE


Midland, TX 79701- Downtown Midland
$3,800,000 USD
432-553-0277
201 E Illinois Ave, Midland, TX for Sale
$3,800,000 USD
Office - FOR SALE
1/86
null | Request Cap Rate

NEW


201 E Illinois Ave
Midland, TX 79701
Downtown Midland


HIGHLIGHTS

  • Approximately 30,396 SF facility with open floor plan ideal for redevelopment.
  • Situated on 1.98 acres in a prime downtown Midland location with direct roadway access.
  • Sturdy industrial construction supporting multiple adaptive reuse possibilities.
  • On-site parking availability enhances operational convenience for future users.

OVERVIEW

This property offers a rare and substantial redevelopment opportunity in the heart of Midland. The former Midland Reporter-Telegram building presents over 30,000 square feet of interior space on nearly two acres, providing an expansive footprint flexible for multiple adaptive uses. Its solid industrial construction delivers a dependable foundation suitable for office configurations, retail concepts, warehouse space, entertainment venues, or mixed-use development. Located on East Illinois Avenue, the site enjoys prime frontage within Midland’s central business district and seamless access to major thoroughfares. The combination of large contiguous square footage and ample on-site parking positions this asset as an attractive canvas for investors and developers seeking scale in a vibrant regional market. With historical significance and a commanding presence, the property represents both functional utility and an opportunity to incorporate modern design elements within an evolving urban setting. The Midland economy continues to thrive on energy, healthcare, and a growing services sector, further reinforcing demand for diversified commercial concepts.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Midland Reporter Telegram

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

145

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

C & CB

APN/PARCEL ID

R000035-111

ASK ABOUT THIS PROPERTY

Ashley IronsMaven Real Estate GroupMore Info
432-553-0277

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Ashley IronsMaven Real Estate GroupMore Info
432-553-0277

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.