The Emmitt-Greenbaum Building at 200 North Market Street in Waverly was built around 1878 by businessman and politician James Emmitt to replace his 1837 wooden warehouse. The brick three-story Italianate building featured five vertical cast iron belts of simulated stone, a projecting cornice, reeded pilasters, and a fortress-like fourteen-bay front, and a covered wooden stairway on its south side originally projected over the canal. Charles Louis Greenbaum purchased the building in 1912 and opened his department store, advertising it as "The Store with The Goods!" Over more than 140 years, the building was occupied by Emmitt Dry Goods, Jas. Hoffman's, Greenbaum's, Armbruster and Armbruster, Waverly Drugs, and the Bee Hive Tavern. After decades of deterioration, a structural collapse condemned the building, and its southwestern half was razed in 2021. The Waverly Canal Historic District, which grew up around the Ohio and Erie Canal, now today's U.S. Route 23, was listed on the National Register of Historic Places in 1978. It included commercial buildings and private residences such as the Pike County Courthouse, the United Church of Christ, the Emmitt House Hotel and Restaurant, the Grand Hotel, the Greenbaum Building, the Bissell Port, the James Emmitt House, and the Yahraus House. The district was considered significant for its direct ties to canal transportation and industries, its historic associations with Waverly's early residents, and its preservation as a cohesive 19th-century American business and residential area.