The restaurant is located at a corner of the Vanaturu kael street bordering the Vana turg square to the north.
The building is part of the cultural heritage of Tallinn and consists of three old storerooms.
In the latter half of the 17th century, the building served as a storeroom for foreign products sold on the market.
The restaurant Olde Hansa with 300 customer places was opened in the building in 1997, becoming one of the most famous tourist destinations in Tallinn.
Original recipes of the Hanseatic time were used, without ingredients introduced to Europe in the 15th century or later.