Merchant-turned-real-estate-developer Richard Lockey built this three-story commercial building in partnership with Jacob Leiser in 1891. The brick structure features two first-floor storefronts with a central entrance providing access to the upper floor apartments. A rounded arch at the parapet bears the inscription “L & L,” with the first “L” written backwards. A photograph of the building, circa 1895, reveals the economic slowdown Helena experienced during the 1890s—a sign in the window indicates the building is for sale at less than cost.