The stone church of St. Basil the Great in the settlement of Ivica, Korochan district, was built in 1854, although the parish's metric books date back to 1849, suggesting the existence of an earlier wooden church.

The parish was small and included only Ivica, where just over a thousand people lived. The feast day was celebrated on January 14 according to the Gregorian calendar, as reported by Pavel Subbotin, head of the Belgorod region archives management. According to him, by the early 20th century, the local rural community had built a wooden house for the priest, and a church school opened in the watchman's lodge. The church had an arable land plot, and the clergy received a small salary.

In the late 19th century census, Ivica in the Nechaevskaya volost of the Korochan district had 1,123 residents, of whom 20 were literate men. The village also had seven industrial establishments, a shop, and a tavern.

After the revolution, services continued in the church until the early 1930s, but then ceased due to the struggle of church factions, famine, and repressions by the Soviet authorities. In 1936, the Korochan district council decided to dismantle the church but awaited approval from the regional authorities. In 1937, the decision to close the church was confirmed, but the building was not completely dismantled before the war, and it partially survived to this day. During the war, the Germans opened the church for services, but after the occupation, it was closed again. After the war, the building was used to store grain.

In the 1990s, when the population of Ivica decreased to less than 500 people, the dilapidated church was reopened for services. In 2019, when the church celebrated its 170th anniversary, its long-awaited restoration was completed.