The name of the market in the second half of the nineteenth century was Hunyadi. The space of the market was bigger, a part of it, the northern market is today called Avram Iancu, and the southern Cipariu Market.
Stefan cel Mare Square include
- National Theatre and the Romanian Opera in Cluj, the most representative building of this market (the building can be seen better from Avram Iancu Square)
- County School Inspectorate, the former House of Teachers
- Palace of Justice
- Building of the Fourth Army Command to Transylvania, known as the Old Barracks, St. George
- Opera Park (landscaped park since 1885)
Stefan cel Mare Square from Cluj Napoca, is situated in the continuation of Avram Iancu Square and starts from the building of the Romanian National Theatre and Opera House, continues with Opera Park up to the Cluj County School Inspectorate building.