The main feature of the square is the former city hall, Ratusha, which today serves as the building of the Museum of regional studies.
[1] The northern row of buildings was the only one that never changed its owner and stayed as part of the square even through the Soviet times.
Couple of hundred meters to the north of the square is located the city's market and the Central Department Store, known as TsUM.
To the north-east are located the Potocki Palace (Military Hospital) and the Municipal/Regional Administration Building (Bilyi Dim).
The eastern row of buildings at the Market Square "cuts" the Melnychuk Street that starting from the square stretches straight towards the Hrushevsky Street and running past the Oblast/City administration building, the Bily Dim (White House).