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91 Palmyra Road, Sterling, IL

$750,000

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About 91 Palmyra Road

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.

Features of 91 Palmyra Road

MLS® # 12762196
Price $750,000
Bathrooms 0.00
Type Business Opportunity
Sub-Type Bus / Bus w/Real Est
Status Active

Community Information

Address 91 Palmyra Road
Area Sterling
City Sterling
County Lee
State IL
Zip Code 61081

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Additional Information

Days on Market 7
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX Sauk Valley

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Listing information last updated on October 2nd, 2026 at 9:38pm CDT.