[1] The building was designed by Henry Duesbury in the Italianate style, built in ashlar stone at a cost of £7,100 and was officially opened on 27 September 1848.

The main frontage featured a wide set of steps leading up to three round-headed alcoves, each containing a doorway surmounted by a fanlight-shaped carving and a series of coffered panels, and flanked by short Doric order pilasters supporting architraves with keystones.

At roof level, there was a central date stone and a square tower, which was flanked by statues sculpted by John Bell depicting agriculture and commerce, and which was surmounted by a octagonal dome and finial.

[5] The use of the building as a corn exchange declined significantly in the wake of the Great Depression of British Agriculture in the late 19th century.

[11] In April 2023, after Newark and Sherwood District Council approved a new premises licence, the owner initiated a major programme of refurbishment works, to enable the nightclub to re-open under the brand "Club X" in summer 2023.