The Municipal Museum closed in 1997 and the entire collection was moved to the Maryland Historical Society.

[8] Extensive reviews by John Neal of the museum's annual exhibitions in 1822 and 1823 are some of the earliest published works of American art criticism.

[10] In 1829, the museum building was sold due to financial difficulties and the exhibits were moved to a newly constructed building on the northwest corner of North Calvert Street and East Baltimore Street, one block south of the Battle Monument Square and the Baltimore City Courthouse.

[12] The renovation of the building was supervised by John Henry Scarff, a Baltimore-born architect, painter, and archaeologist, who later worked closely on policies governing looted art and damaged monuments during and after World War II.

[5] The building underwent a major two-year renovation starting in 1978 and was reopened in 1981 as the Peale Museum.

[5][16] BCLM folded in 1997 and the entire Peale Museum collection was moved to the Maryland Historical Society, now called the Maryland Center for History and Culture, leaving the original building on North Holliday Street vacant until it was reopened for periodic public programs and events in 2017.

[17] The restoration project was completed in 2022 and "the Peale", "Baltimore’s Community Museum" opened in August 2022.