Built-in 1781, during the period of Peshwa rule in the Deccan, the Vyankatesh Balaji Temple is a typical Peshwa-style temple, with its arched nagarkhana gateway, Mangalore tiled roofing, and a high domed roof. Inside, there is a courtyard and dharamshala, still occupied by the family of the pujaris who maintain the temple. The layout of the site is asymmetric, and the gateway is placed off-center due to this peculiar arrangement.
The northeast lane to Banganga Tank has a contemporary wall mural created by award-winning installation artist Shilo Shiv Suleman in 2021. Titled Pyaas, it draws attention to the origin myth of the Banganga Tank. The theme alludes to the role of women and the importance of water in the daily life and livelihoods of the local residents at Walkeshwar.