The first building on this site was constructed in 1886 to house the real estate office of Monroe & Pile, and it was moved here from the corner of Myrtle and Colorado in 1909. In 1924, that building was moved again and the present building was constructed. Its first floor housed a modern market with separately owned businesses, including Bay Cities Mercantile Company selling meat, H. A. Chapin selling fruit, the Monrovia Bakery, and Piggly-Wiggly selling groceries, while the second floor contained offices. By 1935, the first-floor market had become the Pay'n Takit Store, and two years later Safeway Stores, Inc. was operating its Monrovia store here. By the 1940s, the market had moved to another location and the first floor had been divided into three storefronts, with long-time tenants including Van de Kamp's Bakery, Sherwin-Williams Paints, The Balling Baby Shop, and Park Way Shoe Repair. In 1984, the building was extensively renovated but retained its traditional exterior appearance.