The Elk Grove Theatre originally opened in 1972 as a 500-seat single screen Jerry Lewis theatre. After a few years of operation, the theatre was closed, and for many years it was used for storage. Its condition deteriorated, leaving an empty building without seats, screen or projection equipment. 

In 1986 an Elk Grove Village resident called WGN radio personality Roy Leonard to complain that there were no theatres operating in the village and couldn't Classic Cinemas come and take over their closed theatre. Classic  A long-term lease for the theatre was signed in October, 1986. There was a substantial amount of work to be done, but having already accomplished many theatre reconstructions, Classic Cinemas rose to the challenge. Work included creating two auditoriums from the old one, installing new screens and seats, expanding the projection booth, building an all-new concession counter, installing a new marquee, and painting the interior and exterior of the building. The Elk Grove Theatre re-opened April 17, 1987. 

Ten years later, on July 30, 1997, as a part of the redevelopment of the Elk Grove Village Town Center, Classic Cinemas bought the theatre. Less than one month later, construction began with the goals of adding four more auditoriums and creating a theatre with the latest amenities. The theatre reopened in April 1998.

Today, the theatre features a soaring lobby, complete with chandeliers, which is overlooked by the party room. Each of its six auditoriums has a state-of-the-art sound system with Dolby Digital and SDDS sound processing and HPS 4000 Digital Surround Sound. Each auditorium also has comfortable seating including loveseats and plenty of legroom as well as listening systems for the hearing impaired. In 2003, the lobby concession area was expanded by 50 percent with all new Corian countertops and a self-serve beverage station to enhance customer service.

The Elk Grove Theatre is the first in the country to install the Kodak Digital Cinema System. The System provides a much sharper screen image than conventional 35mm film and maintains pristine picture clarity whether the first showing or the 1000th. It produces nearly twice the screen quality of current systems.

 In 2007 the Elk Grove Theatre expanded to include two new auditoriums with big screens, stadium seating, digital sound and two new, handicapped-accessible party rooms!