Dr. W.B. Reeves built this seven-hundred-seat theater in 1941 for $100,000.00. His medical practice was located on the second floor. In 1937, Reeves had built the three-hundred-seat Elk Theater before he realized the community could support a larger movie house. In the 1940s, he also ran the town's two other theaters, the State and the Lyric. Reeves sold his namesake theater in 1973, and the new owners enclosed the balcony to create a second screening room. Originally, the first floor had two stores flanking a central foyer. The facade retains its vertical modernistic styling, and features enameled metal panels and casement windows.