The two-story brick building is located at the intersection of streets and was constructed in the early 20th century for the branch of one of the oldest private banks in Russia, the Voronezh Commercial Bank, which began its operations in 1873. From 1903 to 1914, the Borisoglebsk branch was managed by P.N. Anosov.

The western facade of the building faces the former Novosobornaya Square, while the northern facade stretches along Soviet Street. The building is connected to the neighboring house on Lenin Street (No. 84a) by two parallel brick fences, which form two courtyards: an outer one for entrance and an inner, service one. The architecture of the facades, executed in eclectic style, incorporates elements of the Renaissance.

The building has a rectangular shape and is elongated from west to east. It is complicated by two small risalits located at the stairwell areas: one in the southeast corner and the other with rounded corners in the center of the western facade. The northwest part of the building, where the main entrance to the bank was located, is designed as a five-sided volume with an attic. An entrance vestibule is attached to the southern fence.

The facades facing the streets are plastered and decorated with rusticated pilasters, above which rise parapet columns. Between the floors and under the windows are profiled shelves. The five-sided corner volume lacks relief decorations, except for the rustication on the second floor. The window openings between the pilasters are arranged so that above the wide window of the first floor with a rounded arch and decorative keystone, there are two windows on the second floor with fan rustication above semicircular arches. Below all windows, there are panels. The facades are completed with an ornate parapet grille between the columns and attics. The gates of the outer fence are designed as a triumphal arch with wide rustication, similar to the building's facades.

The facades facing the courtyard lack decorative elements, except for the crowning and inter-floor cornices, as well as the crenellated window aprons on the second floor. The openings on the first floor are rectangular, except for two windows of the operating hall, which are similar to the large windows of the street facades. The windows on the second floor are arched. Above the southern entrance, a rounded metal canopy on decorative brackets has been preserved.

The layout of the building is typical for bank buildings of the early 20th century. Transverse load-bearing walls divide the interior space into three parts: the western, ceremonial part with two halls and a central staircase; the middle part, with a large operating hall (reconfigured), illuminated from the north and south; and the eastern part, with service rooms and a southern staircase. In the manager's office, a large Dutch stove has been preserved. Only the ornate metal railings of the stairs have survived from the original interior finishes. A spacious basement with rooms for storing money is located beneath the building.