This small, one-story building has been covered with T-1-11 siding, except for the very top of the parapet wall (now stuccoed), where a curvilinear wall with a simple coping is exposed. The storefront level is recessed into the building, with the doors at the center and display windows flanking the doors. The windows and doors have been altered slightly since the 1948 remodel. Support posts at the corners and in the center of the building support the upper portion of the building. The T-1-11 above the storefront creates a wide flat surface: sign project perpendicularly from the siding. The building faces west on Main Street.

Statement of Significance: This building was constructed in c.1930 by Richard Petzold, whose family owned the property until the early 1950s. According to the 1983 survey, two of the first businesses in the building were the Mielke's Oregon City Cash Market and the Thrifty Drug Store (dates unknown). The Thrifty Drug store was listed at this address in the 1941, 1947, and 1953 city directories. An article in the Oregon City Enterprise in 1948 indicated that the drug store was being remodeled to twice the size of its original (possible removal of the wall between the two bays). The new facade was to include an application of modern blue structural glass, a recessed entrance with large windows, and a large neon sign. A 1957 photograph shows the building much as it was described in 1948. Its current configuration looks much the same, except for the application of the T-1-11, the reduction in window size, the installation of newer doors, and, of course, the removal of the signage since the drug store is long gone. It is possible that the 1948 finishes are intact under the T-1-11 siding. If this is the case, the building could be easily restored to its earlier appearance if the T-1-11 was removed and the windows and doors reinstalled. The building could be considered eligible as a contributing resource IF it were to be restored to the 1948 appearance; if not, it should be considered a non-contributing resource.