Built in 1874 in the Italianate style, this structure features cast hoodmolds, a metal cornice, and an almost original second story. Although it appears to be one building, it was originally two, with the north half built by William N. Moon and his son and the south half built by James Phenney. Phenney, who immigrated from Ireland to Monroe County in 1856 and started his business in 1858, and Moon, who was in Albia prior to 1876, were both pioneer merchants. Constructed at the same time as the Perry-Townsend Opera Block, the three buildings share a common stairway that appears to be in the opera block but actually serves all three, and the shared use of the stairwell was placed in their deeds to prevent future disagreements. Over time, the first floors housed general, grocery, and dry goods stores, while the second floors were used at different times by a printing shop and a cigar manufacturer. From 1936 to 1957, the Albia Hy-Vee Grocery Store operated here before moving to a new building off the Square, a change that helped transform Albia's business community as modern supermarkets began replacing many small groceries, meat markets, and bakeries in the historic district.