The building, erected in 1911 according to the design of architect Kapitoliy Dulyn, originally served as a bread exchange. After the revolution, it housed the House of Communist Education, which later became the Bauman Children's Cultural Center.

In 1918 and 1920, meetings and rallies featuring V.I. Lenin were held here.

The cultural palace hosted theatrical and choreographic circles, as well as sewing, model aircraft, choral singing, and drawing clubs. Today, the building is home to the 'Modern' theater.