At the end of the 19th century, the hotel 'Odessa' was located on the site of this building. In 1897, Minas Lukyanovich Shorshorov, a well-known merchant and public figure, acquired the estate. From 1899 to 1903, he carried out a reconstruction of the estate, and the 'Shorshorov Trading House' was established in the building. According to surveys, the courtyard building with a fence and a guardhouse was built later than the main building. By early 1917, Shorshorov's house was considered one of the most expensive in Tambov, with a value exceeding 180,000 rubles.

Minas Lukyanovich Shorshorov was a first-guild merchant from Ekaterinodar, descended from Russified Armenians. By the early 20th century, he owned trading warehouses in Ekaterinodar, Voronezh, and Tambov, as well as manufacturing stores in Ekaterinodar and Voronezh. The main office of his firm was located in Moscow. Shorshorov actively participated in the public life of Tambov, was an honorary trustee of the Tolmachev City School, and in 1913 was elected a member of the Tambov City Duma, serving on the finance commission.

On the first floor of the trading house, facing Gymnasium Street (now Kommunalnaya), there was a store selling manufactured goods, ready-made clothing, and furs. The other rooms on the first floor, facing Dolgaya Street (now K. Marx Street), were rented out to a shop owned by Swiss subject F.D. Rorbach, known for its variety of foreign goods. The second floor of the building was rented out to the 'European' hotel and the Tambov branch of the Volga-Kama Bank, which was the largest in Russia until 1908. Opposite the house, with funds from Shorshorov, a square with a fountain was laid out and gifted to the city.

After the October Revolution of 1917, the 'Income House of M.L. Shorshorov' was nationalized. Shorshorov and his family perished while emigrating to Western Europe. Subsequently, the building housed a local history museum, the agronomy faculty of Tambov University, an agricultural college, and trading institutions. In the 1930s, it was home to the District House of the Peasant.

During the Great Patriotic War, the building housed evacuation hospital No. 5355 with 700 beds, where Professor of Medicine Valentin Felixovich Voino-Yasenetsky, Archbishop of Tambov and Michurinsk Luka, operated. In 2011, a memorial plaque was installed on the building in his honor.

Today, this brick building has plastered facades painted in two colors. It features a complex volumetric-spatial composition and consists of a main L-shaped two-story volume and an adjoining service block. The silhouette of the building is adorned with four large domes. The service block was originally two stories but was raised to three stories during the Soviet era. A high brick fence encloses the inner courtyard, in the southwest corner of which there is a one-story guardhouse.

The architectural decor and stucco work are concentrated on the facades of the main building. The facades differ in the rhythm of divisions and the arrangement of details. The first floor is covered with banded rustication with wide jointing, and the large window and entrance openings are rectangular. The portals of the entrance openings are decorated with rusticated pilasters with cornices.