The Lombard Building is a seven storey office building, including basement, constructed in 1889 for Balfour, Elliott & Co. The building is constructed of load bearing brick with a stuccoed facade. Internally there is structural use of iron. In 1926 an electric lift was installed adjacent to the original hydraulic lift.

It is one of the last city buildings to be constructed before the effects of the eighteen nineties economic depression largely halted building for a number of years. It is architecturally significant as a late expression of so-called boom style design, freely incorporating disparate classical elements into a building unashamedly expressing the aspirations and success of its owners. It is an example of the Victorian skyscraper and, in terms of height, simultaneously demonstrates the liberating effect of the lift and the limiting effect of load bearing brick construction.

The architect was Reed, Henderson & Smart and the builder was H Lockington of Carlton.