This building first opened as the First State Bank in 1913 and was known as the “McClelland Building” after the bank’s president – William S. McClelland. Located in a prominent location in downtown, this building exhibits typical downtown development with commercial on the ground floor and residential on the upper floors. The most notable thing about the Grand Magnolia Inn is its Italianate style of architecture, which is not very common in the south. The structure has wonderful brickwork and is perhaps the most ornate building in the downtown area.The Grand Magnolia Inn is a contributing structure in the Eustis Historic Commercial District which is listed on the National Register of Historic Places.