Bloomington, IN – The former AMC theater on the east side of Bloomington has been sold for $5,280,000, marking a significant shift for the nearly 8-acre property. The sale, finalized January 30th, comes after the theater closed its doors in September 2023, citing the facility’s age and increasing maintenance costs. The future of the site remains uncertain, but the new ownership signals potential redevelopment in a key commercial corridor.
The property, located at 1351 S. College Mall Road, sits northeast of the intersection of East Moores Pike and South College Mall Road/South Sare Road. The closure of the AMC 11 left a void in Bloomington’s entertainment landscape and the sale raises questions about what will replace the once-popular movie venue. The transaction highlights the evolving dynamics of the movie theater industry and the potential for repurposing large commercial spaces.
Details of the Sale
Curry Limited Partnership of Bloomington acquired the property from NNN REIT LB, formerly known as National Retail Properties LP, of Orlando. While the recent assessment valued the property at $1.6 million, the previous owner originally purchased it in 2007 for $6.3 million, according to property records. This sale price of nearly $5.3 million suggests continued interest in the location despite the challenges facing traditional movie theaters.
Who is Behind Curry Limited Partnership?
According to filings with the Indiana Secretary of State’s office, Curry Limited Partnership was established in 1998. Cary K. Curry serves as the registered agent and general partner, with a listed address at 2906 E. Buick Cadillac Boulevard – the location of Curry Auto Center, approximately a half-mile north of the former theater. Curry also chairs the board of Curry Auto. The partnership also owns the building that houses Morgenstern Books.
Future Plans Remain Undetermined
Joseph Curry, a limited partner in the Curry Limited Partnership, stated that the new owners have engaged in preliminary discussions regarding the property’s future. However, he emphasized, “At this time, We find no plans.” He added a brief, “Stay tuned,” suggesting that announcements regarding the property’s redevelopment will be forthcoming. The lack of immediate plans leaves the community speculating about potential uses for the sizable space.
The sale of the former AMC theater is part of a broader trend of adapting to the decline of mainstream film venues. As streaming services gain popularity and moviegoing habits change, theater owners are exploring alternative uses for their properties. This includes converting theaters into event spaces, entertainment centers, or even retail locations. The Bloomington property could follow a similar path, though the Curry Limited Partnership has not yet indicated its intentions.
The Bloomington area continues to spot shifts in its commercial landscape. The sale of this property, and the subsequent decisions regarding its future, will undoubtedly impact the local economy and the entertainment options available to residents. The location’s proximity to Indiana University and the city’s growing population create it a prime candidate for redevelopment.
As the Curry Limited Partnership considers its options, the community awaits further details about the future of the former AMC theater site. The property’s potential for revitalization offers an opportunity to enhance the east side of Bloomington and create a new destination for residents and visitors alike.
What do you believe should become of the former AMC theater property? Share your thoughts in the comments below, and be sure to share this article with your friends and neighbors.
