Commercial

407 Main Street North, Ituna, SK - Ituna Movie Theater

Pick up location: 407 Main Street North, Ituna, SK

Auction: REAL ESTATE - ITUNA MOVIE THEATER - 407 MAIN STREET N

Lot: 1506

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Close Date

Fri Nov. 28, 2025 1:00 pm CST

Opening Bid: 10000 CAD

0 bids

Item Quantity: 1

Condition: THIS AUCTION REQUIRES PRE-REGISTRATION

Serial Number: LOT 29 BLOCK 12 PLAN 101265162, LOT 13 BLOCK 12 PLAN AF1276

Subject to a $2,000.00 Buyers Fee.
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Listing Details

Features and Specifications

Other Description: Key Facts
Location: Ituna, Saskatchewan
Property Type: Commercial / Theatre & Event Venue
Building Size: Approx. 3,040 Sq. Ft.
Lot Size: 0.112 Acres (Approx. 4,875 Sq. Ft.)
Seating Capacity: 128 Seats
Year Built: 1946
Zoning: Commercial
Business Type: Cash-Based, Turnkey Operation (Currently Operating)
Projection System: Modern Digital / Streaming Ready
Website: www.itunatheatre.com
Property Overview
Located in the heart of Ituna, Saskatchewan, this unique property offers the rare opportunity to own and operate a historic small-town movie theatre, the only theatre serving Ituna and the surrounding area. First established in 1946, the Ituna Theatre has long been a cherished part of the community, showing regular films, hosting birthday parties, seminars, and local events. The business operates as a cash-based enterprise and includes all necessary projection and sound equipment for continued operation.
 
Building & Site Details
The main structure measures approximately 32 feet wide by 96 feet deep, with an overall area of roughly 3,040 square feet as per SAMA records. The building sits on a 0.11-acre commercial lot at 407 Main Street North, within the Town of Ituna. Exterior finishes include a painted stucco and metal-clad façade, with the sides and rear of the building featuring unpainted stucco and exposed concrete block. The roof is primarily metal-clad, with one section covered in asphalt shingles. Some chipping and weathering is visible on the front façade, showing previous paint layers beneath.
 
Condition Summary: The building is rated in Fair overall condition, with a sound structure and visible wear to the front stucco and paint. The roof and siding appear serviceable, and the building remains fully functional for current use as an operating theatre.
 
Interior Description
Inside, the theatre features a single auditorium with seating for approximately 128 patrons. The main theatre room measures about 30 feet wide by 64 feet deep, complemented by an 11-foot-deep stage area. The projection booth, located above the concession stand, measures roughly 11 by 12 feet. The concession area serves classic movie treats such as candy and popcorn, with debit and credit payment systems available. The building includes basic heating and wall-mounted air conditioning, and operates as a single-level structure with a small mezzanine storage area above the booth.
 
Business Opportunity
The Ituna Theatre is a currently operating, fully functional business with an established customer base and strong local support. This turnkey operation includes a modern digital projector and streaming system, full Dolby surround sound setup, screen, seating, concession equipment, and branding rights to the theatre’s historic name. The business also provides potential for expansion through live events, gaming nights, or film festivals. With no competition in the area, it presents an excellent opportunity for entrepreneurs, families, or newcomers seeking to invest in a small-town community with stable local support.
 
Training can be provided to the new owner, and all operating instructions, including the automated show schedule system, movie playlist setup, and contacts for film distributors, poster suppliers, and service representatives — will be included in the sale. The projector and sound equipment were professionally serviced three weeks ago and are reported to be in good working condition.
 
Learn more or view show schedules at www.itunatheatre.com.
 
Legal & Assessment Information
Civic Address: 407 Main Street North, Ituna, SK
Legal Description: Lot 13 & 29, Block 12, Plan AF1276
Zoning: Commercial (as per Town of Ituna)
Assessed Value (2025): $43,600 (Improvements $42,900 + Land $700)
Lot Size: 0.11 Acres (approx. 4,875 sq. ft.)
Year Built: 1946
Total Building Area: 3,040 sq. ft.
Roll Number: ITUNA-505014000
 
Additional Information
The sale includes all existing theatre and concession equipment, business name, and associated licenses. The operation may also qualify buyers for immigration or small business programs such as the Saskatchewan Immigrant Nominee Program (SINP), buyers should consult an immigration advisor for details.
 
 

Lot Overview

Terms and Conditions: Auction will close on Friday, November 28, 2025. 1. Upon close of auction the highest bidder will be required to pay a non-refundable deposit with certified funds to McDougall Auctioneers of 10% plus the Buyer's Fee and applicable taxes within 24 hours. If you are the highest bidder, your refundable deposit will automatically be applied to and become part of your non-refundable deposit.
2. Remainder of funds to be paid into trust with your lawyer within 21 business days of acceptance of sale.
3. The Purchaser shall be responsible for the costs of its solicitor and for the costs of registration of the appropriate transfer document(s), and any mortgage costs it might incur.
4. Possession to occur within 21 business days of the close of the auction.
5. All auction items are sold buyer beware and as is where is.
6. Subject to a $2000 Buyers Fee.
7. Sold free and clear of all liens and encumbrances.
8. Offers may be subject to the approval of appropriate parties.
9. Offers may be presented on the property while the auction is ongoing. Should an offer be accepted. the auction sale will be ended and registered bidders will be notified.
10. This Auction is Reserved.

THIS AUCTION SALE REQUIRES PRE-REGISTRATION!! A refundable deposit of $5,000 is required to participate in this sale. Please allow a minimum of 24 hours to be registered.
NO FINAL DAY REGISTRATIONS WILL BE PERMITTED.
Please contact our Real Estate office to start the registration process. Prior to contacting our office, please ensure you have your bidding account for mcdougallauction.com completed and set up.
Our Real Estate Office is available by phone or email, Monday to Friday, 8 AM to 4:30 PM. Phone 306-271-1505. Email: realestate@mcdauction.com
Refundable deposit will be returned within 5 business days to unsuccessful bidders. You may also provide us a copy of a void cheque so that we can return the deposit more quickly.
If you are the highest bidder, your refundable deposit will automatically be applied to and become part of your non-refundable deposit.


For More Information Regarding This Sale, Please Contact:
Cory Hall at 306-541-4409 or 306-271-1505.

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Terms

TERMS & CONDITIONS - Cash, Debit, Certified Cheque, Corporate Creditor Or Online Payments. (2.4% Convenience Fee On Credit Card Transactions) -Buyer's Fee of $2000 per Lot. - Subject To Additions & Deletions.

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