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Midland Reporter Telegram 201 E Illinois Ave 30,396 SF Office Building Midland, TX 79701 $5,373,010 CAD ($176.77 CAD/SF)
Investment Highlights
- Approximately 30,396 SF facility with open floor plan ideal for redevelopment.
- Sturdy industrial construction supporting multiple adaptive reuse possibilities.
- Situated on 1.98 acres in a prime downtown Midland location with direct roadway access.
- On-site parking availability enhances operational convenience for future users.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
30,396 SF
Building Class
C
Year Built
1960
Price
$5,373,010 CAD
Price Per SF
$176.77 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
15,198 SF
Building FAR
0.35
Lot Size
1.98 AC
Zoning
C & CB - Commercial
Parking
145 Spaces (4.77 Spaces per 1,000 SF Leased)
Amenities
- Signage
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R000035-111 | Improvements Assessment | $2,408,685 CAD |
| Land Assessment | $121,263 CAD | Total Assessment | $2,529,948 CAD |
Property Taxes
Parcel Number
R000035-111
Land Assessment
$121,263 CAD
Improvements Assessment
$2,408,685 CAD
Total Assessment
$2,529,948 CAD
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Midland Reporter Telegram | 201 E Illinois Ave
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