91 Palmyra Road Sterling, IL $ 750,000
91 Palmyra Road
$ 750,000
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91 Palmyra Road

Sterling, IL, 61081
$ 750,000
Bedrooms-- Baths-- Sq 2,400

Monthly Estimate*

$ 4,736

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Commercial Property for sale in Sterling, IL

for $750,000. This 2,400 square foot building was built on a lot size of 15.58.

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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Commercial Active

Price

$ 750,000

Property Type

Commercial

Taxes

$ 3,557

Style

Food & Beverage,Video

Lot Size

15.58

Town/City

Sterling

County/Region

Whiteside

MLS | Web ID

12762196

Features
General
Sewer Septic Tank
Cooling Central Air
Utilities Electric to Site Natural Gas Available
Possession Closing
Zoning COMMR
Stories Count 1
Tax Year 2025
Current Use Commercial
Business Type Food & Beverage Video Other
County Lee
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Status New
Directions From IL RT. 2 go North on Mound Hill and left on Palmyra
City Sterling
MLS Area Sterling
Lot Size Square Feet 678665
Tax Annual Amount 3557
Additional Parcels Y/N N
Standard Status Active
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Exterior
Water Source Well
Building Area Total 2400
Lot Dimensions 15.5 acres
Frontage Type County Road
Waterfront Y/N N
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* Excluded Features
List By
Re/Max Sauk Valley

Broker

myles@gotheextramyles.com

Email

Affordability Calculator

$5,032
Per Month
94%
6%
0%
Monthly Principal & Interest
$4,736
Monthly Property Taxes
$296
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/17/2026$750,000 Listed Price

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91 Palmyra Road, Sterling, IL, 61081 is a Commercial Property for sale at $750,000 with 2,400 sqft and a lot size of 15.58. The property's zip code is 61081 which is in Sterling, IL