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91 Palmyra Road

Sterling, IL 61081
  • $750,000
  • STATUS: Active
  • MLS #: 12762196
UPDATED: 59 min ago
$750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:
Lee
Area:

School Ratings & Info

Description

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.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Captivate Real Estate Group | eXp Realty LLC.

Based on information submitted to the MLS GRID as of 2026-10-06T19:13:04.51 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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91 Palmyra Road Sterling, IL 61081

  • Price: $750,000
  • Status: Active
  • On Site: Days
  • Updated: 59 min ago
  • MLS #: 12762196
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Sterling
County:
Lee
Area:
Sterling
Property Description
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.
Exterior Features

Frontage Type County Road Lot Size 10.0-24.99 Acres Outdoor Parking Over 100 Spaces Waterfront YN No

Interior Features

Cooling Central Air Heat Ventilation Forced AirGas

Property Features

Additional Parcels YN No Adjusted Net Income 0 Adjusted Net Income Year 2025 Annual Rent For Real Estate 0 Building Area Total 2400 Business Age 11+ Years Business Type Food & BeverageVideoOther Corporate Limits Unincorporated Current Use Commercial Gross Profit Year 2025 Gross Sales Annual 0 Gross Sales Annual Year 2025 Mls Actual Status Active Operating Expense 0 Property Offered For Sale Only Real Estate Included Yes Sale Price Includes LandBuildingBusinessEquipmentOwner Will Train Sewer Septic Tank Tax Annual Amount 3557 Tax Year 2025 Type Bus / Bus w/Real Est Type Of Lease None Utilities Electric to SiteNatural Gas Available Water Source Well Zoning COMMR

Listing courtesy of © 2026 Midwest Real Estate Data LLC as distributed by MLS GRID.
Listing provided courtesy of RE/MAX Sauk Valley: 815-625-3722.



© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Captivate Real Estate Group | eXp Realty LLC.

Based on information submitted to the MLS GRID as of 2026-10-06T19:13:04.51 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Captivate Real Estate Group | eXp Realty LLC
939 W North Ave Suite 750
Chicago IL, 60642