The construction of the church began in the late 17th century and continued into the early 18th century. According to some sources, it was built in 1670. The building was made of stone, with altars dedicated to the Nativity of the Blessed Virgin Mary (main), the great martyrs Theodore Tyron and Paraskeva Friday (right), as well as Saint Nicholas the Wonderworker (left). The church was often referred to as Nikolskaya by the people. After the fire in 1697, the church was significantly rebuilt: a new bell tower appeared, extensions were added on both sides, and merchant I. F. Gorbunov built 12 church shops on the western part of the territory, the number of which increased in 1807 due to their profitability. The fire of 1811 severely damaged the bell tower, and the bells fell, breaking the vaults. Later, the bell tower was restored according to a new design. The church served as a parish church, and in 1912, a women's school was attached to it on Solyanaya Street. The parish included 136 houses, and the number of parishioners was 521. The clergy staff included a priest, a deacon, and a psalmist.

During the Soviet era, the church was completely destroyed, and a multi-story residential building was constructed in its place, which is now located at 10 Moskovskaya Street.