Sounds like you’re just running the back end, and it’s using the public front end linked to your local back end by default.
If you want to use port 12470 it says that is https so you’d need to type that in instead of http in your browser.
If you wanted to run the whole thing locally, it mentions disabling CORS, and then you’d probably need to set up the web front end: https://github.com/Stremio/stremio-web
Yes I’m waiting until it’s ready for the average user before I recommend it to anyone.