About This Home
This 0-bedroom, 0-bathroom commercial at 91 Palmyra Road in Sterling, IL is listed for $750,000. on a 15.58 acres lot.
Key Features
- 15.58 acre lot
Property Details
Amenities
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.
Monthly Cost Estimate
$4,011/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
91 Palmyra Road
Sterling, IL 61081
Property Details
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 91 Palmyra Road is listed at $750,000. The estimated monthly payment is $4,011 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 15.58 acre lot.
This property is listed by Myles Kukowski and can be reached at (815) 625-3722.
