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Opened under the name of Broadway Theatre in 1924 but was soon taken over by Fox West Coast and renamed the Fox Theatre. The 1934 Golden Jubilee edition of the Post-Register says that when Fox Theatre defaulted on their lease, its manager resumed the lease and reopened it in 1934 under the name of the Rio Theatre. It had 866 seats.
It was later operated by DeMordaunt and Drennan and finally by Carmike Cinemas who closed it in January of 2001. By 2016 it was operated by an arts organisation with the seating capacity reduced to 136.
A barbershop still operates near the entrance of the building. A few blocks away is the Colonial Theatre and the Centre Twin, the oldest theater in Idaho Falls.
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