SQUARE FEET2,400
MLS#12762196
STATUSActive
PROPERTY TYPECommercial - Investment
Property Description
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.
Property Features
Property Type: Commercial - Investment
Cooling: Central Air
Lot Size: 15.58 Acres
Stories: 1.0
Taxes: $3,557
Feature Descriptions
Current Use: Commercial
Frontage Type: County Road
HVAC: Forced Air, Gas
Lot Dimensions: 15.5 acres
Parcel#: 16070620000700
Parking: Over 100 Spaces
Utilities: Electric to Site, Natural Gas Available
Listed By / Shown By
Listed By
Agency Name: RE/MAX Sauk Valley
Agency Phone: 815-625-3722
Shown By
Agent Name: Robert Jones
Agent Phone: (815) 509-4248
Agency Title: Gambino Realtors
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91 Palmyra Road | MLS# 12762196
This commercial property located at 91 Palmyra Road, Sterling, IL 61081 is currently listed for sale with an asking price of $750,000. Search Sterling real estate on rjones.gogambino.com today.