91 Palmyra Rd

Sterling, IL 61081
  • $750,000

    Price
  • 2,400

    SqFt
  • 15.58

    Acre

About the Listing 93115 - 930571,930476

A rare opportunity to own a true piece of Illinois history! The historic Midway Drive-In Theater in Sterling has been entertaining generations since 1950 and is home to Illinois' oldest standing drive-in movie screen. This iconic single-screen venue features a massive 90-foot screen and parking capacity for approximately 500 vehicles, creating an authentic outdoor movie experience unlike any other. The 15.5 acre property includes the classic retro "spaceship" ticket booth, full-service 50's style concesion stand/diner, digital projection capabilities and the infrastructure necessary to continue operating this established entertainment destination. The Midway has embraced the nostalgia of the classic American drive-in while continuing to offer first-run movies, double features and special events. The concesion operation offers a variety of popular movie and diner favorites, adding an additional revenue component to the business. This is a rare opportunity for an owner/operator, investor, entrepreneur or entertainment-minded buyer to acquire an established business and an iconic property with decades of history, recognition, and a loyal following. Opportunities of this nature rarely become available. Qualified buyers are encouraged to inquire for additional information regarding the property, business, equipment and included assets.

Listing Highlights for 91 Palmyra Rd

Status Active
Days on Site 27
Property Type Business Opportunity
MLS ® 12762196
Year Built
Total Square Footage 2,400
Lot/Acreage 15.58
County Lee

Interior Details

  • Appliances:
  • Air Cond: Central Air
  • Heating: Forced Air,Gas
  • Fireplaces:
  • Floor:
  • Basement:
  • Other:
  • Water: Well

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 15.5 acres
  • Zoning: COMMR
  • Roof:
  • Others:
  • Sewer: Septic Tank
  • Parking Features: Over 100 Spaces

Financial Details

  • Tax Amount: $3,557
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 16070620000700
  • Tax Year: 2025

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Listing Location

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91 Palmyra Rd Sterling, IL 61081

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Originating MLS: mred

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Puneet "Pete" Kapoor - CPA, ABR, PSA, SRS, CIPS, ACP

CPA, SRS, PSA, CIPS, ACP, GROUP LEAD, REALTOR | PRINCIPAL CO-OWNER | The Sterling Group Global | Keller Williams Infinity

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