Built in 1848 to the Neo-Jacobean designs of Thomas Penson and extended in 1879–80, it is one of the two dedicated indoor markets of Wrexham.

[5] The building's main exterior fronts Wrexham's High Street, with a coursed and squared yellow sandstone[4] façade, described by Edward Hubbard as a "unmistakeable and cheeful Jacobean style".

[3][5][8] The rear entrance, in a similar design to the General Market entrance built a year prior,[8] is segmentally arched, with inset stone shafts and foliate capital carrying the arch,[6] with a terracotta bull's head above it.

[6] There is a large room on the building's first floor which was used as a corn exchange, an inn, and additionally to host auction sales and meetings.

[12] In March 2014, a planning application was submitted to potentially refurbish the interior and exterior of the building, including removing vegetation, masonry cleaning, de-cluttering the façade, and redecorated the shop fronts with new signage.

[16] In May 2019, the council announced it was looking to secure funds from the National Lottery, with a bid asking for £1.5 million, for the re-development of the two markets prioritised.

[17] In February 2020, following a prolonged decrease in visitor numbers and an increase in empty stalls in the market and the adjacent General Market, it was reported that £2 million funding can be secured for the buildings' redevelopment from the Welsh Government, National Lottery and the council budget if the council backed plans to organise such funding.

[18][19][20] Chair of the taskforce, Councillor Paul Roberts, stated there was a lack of consistency of traders' opening times, reluctant to utilise Wrexham's Night-time economy, and an unattractive market layout to shoppers, with existing traders raising concerns on how any such work would impact their incomes.

[18][21] £2 million in funding was approved by the Welsh Government under its Transforming Towns initiative in March 2022 to the two markets.

The plans proposed a new attractive fronting to the building's High Street entrance, with a basement under it,[28] new access to upper floors, improve management of interior space, decoration and use of utilities, including toilets and bins, and roof repairs.