It is "one of the few remaining commercial buildings dating from the boom period following the Cripple Creek gold strike."

The building is on the National Register of Historic Places.

[1][3] David DeGraff, a California gold rush miner, had the building constructed in 1897.

The building was converted into an apartment house after World War II.

[4] The Colorado Springs Business Journal first began in the DeGraff Building in 1989.