Description:
Hailed as the NW's premiere office space (love that circa 1890-1910 Portland boosterism!), the Commerce Building (as it was called in later days) boasted the aforementioned banks, an auditorium, "the prestigious Commercial Club," a bowling alley, saloons, & a billiard room.
In 1906 NYLife sold the building to the Spokane Portland & Seattle Railroad. A few years later, deeming the Commerce Building "too old fashioned" the SP&S then its local offices to the newer American Bank Building (completed in 1913). In the shadow of the Great Depression, SP&S, citing the tax & maintenance costs, & claiming that a remodel would be "too expensive & impractical," had the building demolished in 1934. The lot was used, & is still used, as a parking lot.