Added ending voiceover info (hearing this at a remote FedEx Office location, the voice at the end clearly sounded like Mr. Reynolds, and besides, a YouTuber who saw this clip on that site, name of Ryan Zwolinski [to whom the hat tip], apprised us of this).
AMNews and SMC; One of Inn and Around's incarnations was also a club called the Grand Bandstand around 1984 or so. On Sunday evenings, it was open to all ages for a few hours (I'm guessing between 5-10pm) and didn't serve alcohol during that time frame. I went there a few times when I was a youngster.
Fuzzy: I wish you found another Kenny Rogers mail order record album TV commercial from the same early 1980's time for the 2 record set "Gold Dust and Gold Mine" featuring songs from the Kenny Rogers First Edition era.
The other big question: Which station produced this ad? If WBBM, then its cuts from one slide to another differed significantly from the clunky "fade-out--fade-in" transitions for which New York sister WCBS Channel 2 was famous for decades, from the '50's well to the '80's. But then, practically every Chicago station, I.I.N.M., had RCA TK-27 film chains through which we all saw these slides (and films), and a few by this time may've even gotten the newer TK-28's.