The 1920's iconic and historic building of the Arcadia Theater is now available.

This 3 screen theater has one main screen and two smaller screens that were added later. The main screen auditorium has 396 Seats, One of the smaller screens has 92 seats and the other has 64. This building still has gorgeous features such as curved staircases, ornate mirrors, light fixtures and art deco decor and flair. The upper level balcony is accessible by stairs and there are bathrooms on upper level as well as lower.

There are seat covers for the seating. The front marquee sign lighting has been restored and is operational. While the 8, 000 +/- Sq Ft building needs work, it is an excellent opportunity to restore for a multitud of possibilities, such as, remaining a movie theater, converte d to a restaurant, banquet hall, community theater, office or so much more. Property being sold "AS IS WHERE IS"

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on 230 E Main St
in Olney, IL
Presented by Amy Bailey at
AMY LEE REALTY LLC.


Property MLS #11228051 from MyStateMLS

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+ Heating and Cooling

Cooling Features: Central AC
Heating Features: Forced Air, Heat AC Zones
Heating Fuel: Natural Gas

+ Interior Features

Flooring: Carpet, Vinyl

+ Land Info

Lot Size Acres: 0.2
Number of Lots: 1
Lot Size Square Feet: 8712

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Other Property Info

Annual Tax Amount: 700
Source Listing Status: Active
County: 17159
Availability Date: 2023-04-25
Tax Year: 2022
Source Property Type: Vacant Land
Parcel Number: 0634305001
Source System Name: C2C
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Year	Assessments Building + Land Total	Tax
2021	$4,253 + $4,080 $8,333	$703
2020	$10,000 + $9,090 $19,090	$1,628
2019	$20,200 + $9,090 $29,290	$2,522
2018	$20,200 + $9,090 $29,290	$2,486
2017	$30,000 + $9,000 $39,000	$3,290
2016	$66,459 + $9,488 $75,947	$6,486
2015	$63,903 + $9,123 $73,026	$6,294
2014	$62,650 + $8,944 $71,594	$6,026
2013	$60,240 + $8,600 $68,840	$5,675
2012	$57,371 + $8,190 $65,561	$5,384
2010	$57,950 + $9,373 $67,323	$5,451
2009	$56,814 + $9,189 $66,003	$5,299

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Price Changed 2024-02-28
$58,000
MyStateMLS

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Listed 2023-12-04
$63,000
MyStateMLS

+ Utilities

Sewer: Municipal
Water Source: Municipal

+ Building and Construction

Structure Type: Masonry - Brick
Year Remodeled: 2023

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East Richland High School is a public high school located approximately 0.7 miles away.
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East Richland Middle School is a public middle school located approximately 1.1 miles away.
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East Richland Elementary School is a public elementary school located approximately 1.5 miles away.
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St Joseph's Catholic Church is a private elementary and middle school located approximately 0.3 miles away.
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