
Commercial Land for Sale in Sterling, Illinois
91 Palmyra Rd, Sterling, IL 61081
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.
Location
- Street address
- 91 Palmyra Rd
- County
- Lee County
- Zip code
- 61081
- Community
- Sterling
- Elevation
- 712 feet
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
| Category | Type | Status |
|---|---|---|
| Gas | Natural Gas | Available |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 17, 2026 | New listing | $750,000 | — | MRED |










































