The historic Astra Theatre first opened in 1936 and operated as a family-owned movie theater for the next 66 years. Despite reconfiguring the theatre in the mid-1980s to create a duplex cinema, the pressure to compete with larger multiplex cinemas too great. On September 12, 2002, the Astra Theatre closed its doors.

Over the next 12 years or so, a number of parties came forward with an interest in purchasing the theater, but, given the massive cost of infrastructure and renovation improvements, none were successful and the building remained vacant until December 2, 2015, when Next Act, Inc., purchased and took possession of the building.

After fundraising efforts that included a $400,000 historic preservation grant from the Indiana Office of Community and Rural Affairs, the Astra went through a complete renovation from May 2017 to April 2018. The renovation, totaling nearly $1.7 million, replaced all major infrastructure (electric to and throughout the building