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Commercial Land for Sale in Sterling, Illinois

91 Palmyra Rd, Sterling, IL 61081

$750,000
15.6 acres
Active sale
ago
Est $4,128/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.

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$750,000MRED
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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 2 hours agoUpdated Source

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