Owned by Michigan-based Goodrich Quality Theatre, Applewood had switched in 2004 to showing films that had appeared six to eight weeks in first-run venues.
Also closing in Anderson is a furniture store that has been in business more than 50 years.
Graham's Furniture couldn't compete with big-box stores, owner Phil Graham told the newspaper. And, at age 54, Graham wants to try something new.
His father and the prior owner of the store, Charles Graham, died in January.