It opened on May 25, 1925, with 1,000 seats, and hosted live drama, silent films, and vaudeville performances.
In the late 1990s, the theater was used for second-run films, and more recently, as a small concert hall for rock and roll bands.
However, Wheaton rejected a plan to allocate $19.3 million to finance the renovation and the theater's debts.
The theater will feature a donated Morton organ from the 1920s, originally from one of the Loew's Wonder Theatres.
This article about a property in DuPage County, Illinois on the National Register of Historic Places is a stub.