The Santa Fe Depot has been a focal point for Prescott since the early 1900s, whether in sending or receiving men back from war, greeting visiting dignitaries (including one President), or simply in conducting the daily business of the town. The surrounding area was also affected, spawning various railroad support facilities, worker's housing and other functions to serve the needs of the trains. With few exceptions, most of these are now gone, including the rails themselves. The Depot remains as the largest and most significant symbol of an era when roads were few and much of the livelihood of early Prescott depended upon what came and went through the portals of the Santa Fe Depot.
In 1988, the City of Prescott entered into a development agreement with the owners of the Depot who were also seeking to construct the Depot Marketplace. This agreement set the design standards for the future use and appearance of the building, including a signage code, which has made Depot Marketplace a vital, historically significant and commercially important retail and business center.
Located at the corner or Sheldon and Montezuma in downtown Prescott, just two blocks from the historic courthouse square, Depot Marketplace resides on one of the busiest intersections in the city. It is the only grocery anchored center in Downtown Prescott and serves the retail, dining, and service needs of the downtown residents and visitors year-round. Anchored by Sprouts, Walgreens and Staples, the bustling center also includes Starbucks, Chipotle, Cost Cutters, Massage Envy, Panda Express, Swirl-N-Top, Streets of New York, Cost Cutters, AAA and more.