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Commercial Land for Sale in Sterling, Illinois

91 Palmyra Rd, Sterling, IL 61081

$750,000
15.6 acres
Active sale
Est $4,410/mo

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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Sq feet

Location

Street address
91 Palmyra Rd
Zip code
61081
Community
Sterling
Elevation
712 feet
Coordinates
41.8394, -89.6136

Directions

From IL RT. 2 go North on Mound Hill and left on Palmyra

Property details

Acreage
15.58 acres
Zoning
COMMR
MLS #
MRED 12762196
Posted

Property taxes

2025
$3,557

Parcels

  • 16070620000700

Details and features

Listing

Type
Commercial Sale

Structure

Stories
1
Water
Well
Sewer
Septic Tank
Cooling
Central Air

Property utilities

CategoryTypeStatus
GasNatural GasAvailable

Listing history

DateEventPriceChangeSource
Sept 17, 2026New listing$750,000—MRED
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This 15.58-acre property is located at 91 Palmyra Rd in Sterling, IL 61081. The property is available for sale, priced at $750,000. It has a structure.

Listed by RE/MAX Sauk Valley, (815) 625-3722

Checked 1 hour agoUpdated

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