This building was designed in 1923-1924. The initial project was prepared by engineer Petras Steikunas, but later, after the construction had already started, civil engineer Edmundas Alfonsas Frykas redid the project. The building was commissioned by "Neo-Lithuania", an association of students at Kaunas University supported by the Nationalist Party. The building, which was opened in 1928, became the center of the fraternity's activities. It has an asymmetric composition and consists of two three-story rectangular volumes connected at an angle. The connecting part includes the main entrance, lobby, and main staircase. Inside the building, the premises were intended for the administration of the fraternity, a library, a dormitory, and a newspaper editorial office.

The building was designed in the historicist style and its exterior is characterized by decorativeness and splendor. On the outside, the main facade stands out, with columns, pilasters, arched openings, creating a classicist aesthetic. The same elements, only with a more restrained expression, prevail in the side parts of the building. The building's expressiveness is given by the broken cornice and the window openings of different shapes on each floor. Due to its ornate appearance, this building was a prominent landmark in Kaunas in the 1920s. Currently, Kaunas Children's and Schoolchildren's Leisure Center operates in the building. Although the appearance of the building has remained authentic, it is not maintained well enough and is slowly decaying.