Designed by William M. Rice, the 1916 courthouse, in the Classical Revival style, dominates the town site and continues to function as the center of government for county residents today. Defining features of the building include an arched doorway and a triangular pediment supported by Doric-order columns.

Lipscomb County has participated in the Texas Historic Courthouse Preservation Program since its beginning, working with THC architects and staff to evaluate the courthouse. The courthouse was awarded an emergency grant in 2014 and a full restoration grant in 2018.

On September 11, 2021 the THC, County Judge Mickey Simpson, and residents of Lipscomb County rededicated and officially opened their fully restored courthouse to the public. The restoration provided new mechanical, electrical, and plumbing systems, new security features, and a new elevator to help those with disabilities better navigate and access the courthouse.

The courthouse is designated as a Recorded Texas Historic Landmark and State Antiquities Landmark.