The Peabody Insurance Company planned to construct a new four-story building at 1126 and 1128 Market Street in Wheeling, West Virginia, adjacent to Schenk's block. The construction contract was awarded to Wood Bros. The Romanesque-style building was to be 50 by 110 feet, with an estimated cost of $50,000. The front elevation would feature an arched entrance, and the first story and a half would be granite, while the upper stories would be high-quality pressed brick with terra cotta trimmings.
The Peabody Insurance Company was to occupy some rooms on the second floor, while the rest would be leased as offices. The ground floor would house two large retail stores, and the upper floors would contain various modern, well-equipped offices.
The building was expected to be completed by April 1893 and be one of the finest office buildings in Wheeling upon completion.
The Mutual Savings Bank purchased the Peabody Building in January 1900 and began operations on the first floor in June 1901. The building was later demolished. Until recently, a CVS drug store occupied the site. (https://tinyurl.com/4jxyzhah) (https://tinyurl.com/4eed3dk8) (https://tinyurl.com/yckcjpxc) (https://tinyurl.com/yesjf2cp