The building is listed in the National Register of Historic Places as a contributing property in the Winchester Downtown Commercial District.

[4] The Kerr Building originally housed Eclipse Mills, but in later years it was home to J. J. Newberry's and The Corner Drug Store.

As a result of the deterioration, the Bluegrass Trust for Historic Preservation placed the Kerr Building on its "11th Hour" Most Endangered list.

In 2001, the building was purchased by Union Properties and Bailey Associates, who began refurbishing the building in August 2002, including repairing water damage, leaks in the roof, and worn storefronts.

[4] The wooden rooster on the roof of the building is said to have been placed there as the result of a bet involving the outcome of the 1932 presidential election.