In 1912, the construction of the church in the ancient Russian style began, designed by architect S. M. Serebrovsky and financed by merchant Vasily Nikitich Salishchev. Two years later, on the feast of the Protection of the Holy Virgin, the southern chapel, belonging to the Old Believers of the Danilov Pomorian agreement, was consecrated. This chapel appeared as a separate part and was adorned with a dome topped with a cross. In 1914, on the Annunciation of the Holy Virgin, the main church, which belonged to the Old Believers of the Belokrinitsky agreement, was consecrated.

The church building, executed in the ancient Russian style, included three chapels and a tall four-tiered iconostasis with ancient images and a large chandelier. There were also two other buildings on the premises in the same style: one housing the prosphora and boiler room, and the other, a chapel-baptistry.

In 1938, the church was closed, its interior space was divided into rooms, and the bell tower was dismantled. During the Great Patriotic War, due to the building's sturdiness, it housed the city defense committee. Currently, the building is home to 'Tulgor svet'. Despite numerous requests from the Orthodox Old Believer community of Tula, the church has not been returned to the faithful.