The Young Men’s Institute (YMI) Building was the dream of Asheville community leaders Isaac Dickson and Dr. Edward Stephens. Both approached George Vanderbilt to fund a community building to serve the Black community of Asheville. George Vanderbilt donated $10,000 to help build the space. It was designed by Richard Sharp Smith, the architect for the Biltmore and many other important buildings around the Western North Carolina area. It opened in 1893.

Modeled after the YMCA, the YMI provided services to the local community, such as teaching people to read, public speaking classes, and a meeting space. Additionally, the YMI held events that included notes, musicians, and speakers. It was a true hub of the community.

It is a contributing property to the local historic district.