Because of its importance to local history, the depot was listed on the National Register of Historic Places in 1983.

After a legal battle over the property's title, the depot building and approximately 0.5 acres (0.20 ha) of land surrounding it were conveyed to a private owner.

[1] The Lakeview Depot is significant because it is an intact example of early 20th century railroad station architecture in eastern Oregon.

Because of its architectural interest and the important role it played in the commercial development of Lakeview, the Nevada–California–Oregon Railway Passenger Station was listed on the National Register of Historic Places on 22 August 1983.

[1][9][10] The historic Nevada–California–Oregon passenger station is located on the western edge of Lakeview, facing a T-intersection.

The depot's main entrance faces east, looking out across a small parking lot and directly up Center Street.

[1] The Lakeview Depot was designed by Frederick J. DeLongchamps, a well known regional architect with offices in San Francisco and Reno.

The depot is a two-story Mission Revival style structure with some Prairie School architectural influences.

The structure has wide overhanging eaves supported by large triangular brackets set in pairs.

The banks of windows under the overhanging eaves and a prominent belt course of masonry high on the exterior walls are typical of the Prairie School architecture.

These exterior features are all common characteristics of railroad passenger stations constructed during the period just prior to World War I.

[1] The depot's exterior is unaltered from its original design and the interior is structurally intact except for a false ceiling installed in the passenger waiting room.

Beginning in 1978, private owners replaced damaged window frames and rotted floorboards in the waiting room.

The interior doors, window trim, staircase, and exposed ceiling beams have been stripped and refinished to restore their original form and treatment.