Until 1697, there was the estate of the Sokovnin family at this location, and until 1814, the Yushkov estate was situated here. Pyotr Ivanovich Yushkov sold it to the Kolomna merchant Ivan Reztsov, after which it became the property of the Moscow Merchant Society. In 1875, this society erected the Shuyskoye Courtyard here.

The building of the Shuyskoye Courtyard is designed in the style of historicism and belonged to the Moscow Merchant Society, which rented it out for offices, warehouses, and shops. Rental conditions varied. Tenants usually occupied sections with a separate entrance on the first floor and a staircase leading to halls on the upper floors. Large Russian firms, primarily from the textile industry, had offices here. Sections No. 3 and 4, as well as the third floor above the Zimins, were rented by one of the oldest Moscow textile firms, 'I.V. Shchukin and Sons.' This family company traded fabrics in Kitai-Gorod since the late 18th century and opened its own weaving factory in the Rogozhskaya area in the 1840s. In the 1900s, the Shchukins added a fourth floor for their office above the entire building, the design of which was developed by the chief architect of the Moscow Merchant Society, Vladimir Sherwood.