The summer stone church of the Assumption of the Mother of God, with five domes and a warm chapel of Paraskeva Friday, decorated in the style of traditional Yaroslavl architecture, was built with the funds of parishioners in 1753. In 1872, at the request of the church elder, merchant Ivan Dmitrievich Kanatiev, a winter church with chapels of Paraskeva Friday and Nicholas the Wonderworker was added to the northern side of the church. The project for this church was developed by provincial architect Iosaf Filippovich Yarovitsky.

On the holiday of All Saints, celebrated on the following Sunday after Trinity, a procession began from the Assumption Church. Two icons and banners were brought from each church in Norsky. To the ringing of bells from all the churches in Norsky, the procession moved along the embankment, then ascended to the Church of Archangel Michael and returned back to the Assumption Church. A prayer service was held at each church. These processions continued until 1917.

After the October Revolution, like many churches in Norsky, the Assumption Church lost its bells and domes with crosses, although the dome of the bell tower remained, slightly tilted. The church was completely devastated. In 1930, a club was established in its premises: a stage was built in the summer church altar, a cinema was located here, and dances were held in the Paraskeva chapel. During the Great Patriotic War, women anti-aircraft gunners who defended the railway bridge over the Volga lived in the former church building. Later, polyethylene bags were produced within the walls of the church for the soot factory and the 'Paris Commune' factory. A dining room was located in the annex. For several years, the boarded-up church stood empty.

In 1998, the church, which had survived many trials, was transferred to the Russian Orthodox Church. During the restoration, miraculous images of saints appeared on the vaults of the church. In 2005, an icon of the Merciful Savior, cherished by parishioners, was transferred to the church, and an icon of the Optina Elders with relics of their remains was received from Optina Monastery. On April 28, 2006, a copy of the ancient shroud, gifted by merchant Ugryumov two centuries ago, returned to the church. In recent years, the church has been fully restored: the drums with domes have been restored, the roof has been renewed, the interior has been tidied up, and the adjacent territory has been cleared.