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Levi and May Arkwright Hutton married in 1887 and worked in the Coeur d'Alene mining region at a time when miners were very poorly treated by mine owners. Levi worked as a railroad engineer and May operated a boarding house. Beginning in 1887, They invested money in Harry L. Day's Hercules Mine in the Coeur d'Alene Mountains near Burke, ID, a mine that practiced fairer treatment of its miners. The Huttons, Day, and August Paulsen were some of the main investors when the mine struck rich veins of lead and silver ore in 1901, making them all very wealthy. The Huttons chose to invest their money in this Spokane office building, erected in 1907; four floors were erected in 1907, the top floor of which served as a penthouse residence for the Huttons. Three more stories were added in 1910. Spokane architect John K. Dow (1861-1961), who practiced in the city from about 1889-1936, designed the building for the Huttons.

The important Spokane architectural firm of Whitehouse and Price occupied Office #715 in the Hutton Building in 1946.

The Spokane Teacher's Credit Union (STCU), moved into the Hutton Building in 2013, opening a bank branch on the first floor and moving its commercial lending department to the seventh floor. In 2014, STCU owned the building and had plans to remodel and sell business condominium spaces on the second, third, fourth and fifth floors, while renovating the sixth and seventh floors for its own use. On the seventh floor, STCU will renovate the commercial lending department and a meeting room for its board of directors.