The Century Theatre was opened February 27, 1922 and was still open in 1950.
Source: Marnie S. Plucienik
During my youth, that building housed the Woolworths dime store. After Woolworths closed, the building was vacant for many years and several no-go businesses were located there. Currently, a home fashions/gift shop called Suite Dreams is located there. Also in that pic, you can look down the block and see the top floor of the Beckwith Building, which housed the theater as well as a bank, barber shop, and offices for the Round Oak Stove Co. Not shown in the foreground, what would be directly to the right of the Century Theater, was another theater called the Chief. Since that theater closed, the building has housed a series of banks, currently Fifth Third Bank.