The Wells Chevrolet Building is significant under Spokane Register of Historic Places Category A in the Commerce and Transportation Areas of Significance for its association with the evolution of the automobile and automobile-related business in Spokane. It is a contributing resource in the West Downtown Historic Transportation Corridor National Register Historic District. As a showroom and service facility for the sale of Chevrolet automobiles, Wells Chevrolet still retains many features that relate to its past automobile-related use. The building is also significant under Category C as a well-detailed brick commercial building that was built for the sales and service of automobiles. Originally designed by architect C. Ferris White for the 1913 building and Arthur Cowley for the 1926 second floor addition. Although altered slightly over the years, the building continues to retain its essential character and place in the continuum of the automobile commerce of the downtown. Uniquely, the Wells complex— showroom and service building (also listed on the Spokane Register) occupy a full block and the alley creating a unified street front on Adams.

Management Agreement