This theater seems to have been built in the 1930's. It was still operating in the 1940's and was used for community events in the 1950's. It was put up for sale by 1965 but there is not much known beyond that. This house was possibly known as Maple Rapids Theater or Maple Theater also.
As for the exact location, it was probably on Maple or Main St. given the layout of this town. There are a few buildings that are possible candidates for the old theater but more research will be needed to nail it down.