[3] The building was designed by Henry Rowe in the Italianate style, built by Joseph Wood in red brick with stone dressings at a cost of £5,000 and was completed in 1849.

The doorway and the date stone above were flanked by pairs of full-height Tuscan order columns in antis supporting an entablature, a cornice and a panel inscribed with the words "Corn Exchange"; the panel was flanked by pairs of pedestals decorated by carvings of wheatsheaves.

The architectural historian, Nikolaus Pevsner, was impressed with the design describing it as "a mighty job, only five bays, but with truly colossal pairs of Tuscan columns in antis".

[7][8] The use of the Angel Street building as a corn exchange declined significantly in the wake of the Great Depression of British Agriculture in the late 19th century.

[13] In 2021, Worcester City Council acquired the vacant building and subsequently announced plans prepared by architects, Burrell Foley Fischer, to develop the corn exchange as the foyer to an arts centre, the main auditorium for the which would be in the adjacent Scala Theatre building.