Today it forms part of the Strøget pedestrian zone, and is often described as the most central square in Copenhagen.

[1] Second only to Gammeltorv, it is also one of the oldest, taking its name from the Amager farmers who in the Middle Ages came into town to sell their produce at the site.

Now the square is a central junction in the heart of Copenhagen, dominated by its Stork Fountain and a number of buildings, the oldest of which dates back to 1616.

In opposite directions, Strøget extends towards Kongens Nytorv and the City Hall Square, the two largest squares in Copenhagen, to the northwest Købmagergade leads to Nørreport, the busiest railway station in Denmark, and to the southeast Højbro Plads connects to Slotsholmen across Højbro Bridge, and from there onwards to Christianshavn and Amager on the other side of the harbour.

In the same time, Amagertorv continued to be the premier marketplace of the city, and from 28 July 1684 all sale of fresh produce was to take place in the square.

The gateway is flanked by two cannon barrels used to protect the gate from entering carts.

The windows have mullions executed as small Hermes figures carrying Ionic capitals.

The building is from 1798-00 where it replaced a house designed by Caspar Frederik Harsdorff which was destroyed in the Great Fire of 1795.

The current building was built for the pharmacy in 1907–1908 to a design by Victor Nyebøllle and Chr.

Amagertorv is used as a location in the films Ud i den kolde sne (1934), Manden på Svanegården [da] (1972), Romantik på Sengekanten [da] (1973) and Mafiaen – det er osse mig (1974).