The location of Taman Villapark Banjarsari was originally used as a horseback riding area for Mangkunegaran soldiers. In 1913, the function of this area began to shift due to a new regulation issued by the Mangkunegaran government, as stated in the Rijksblad Mangkunegaran, January 15, 1918, No. 1 of 1918, Article No. 2, Clause 3. This regulation designated Villapark Banjarsari as an elite residential area for Dutch citizens. One of the efforts to support the development of this area included the creation of a green open space with a fountain (fontein) constructed at its center as a focal point.

After Indonesia's independence, the location became historically significant as the site of the Four Days and Four Nights Battle in Surakarta, which took place from August 7 to 10, 1949. This battle was part of the resistance against the second Dutch military aggression and an effort to defend the sovereignty of the Republic of Indonesia. The resistance was led by the Indonesian National Army (TNI) and the Student Army (Tentara Pelajar), under the leadership of Mayor Achmadi.

On April 1, 1975, the fountain structure in Taman Villapark Banjarsari was rebuilt as a memorial monument to honor the people of Solo who fell during the Four Days and Four Nights Battle in the struggle against Dutch aggression. The monument was inaugurated on November 10, 1976, by the Governor of Central Java, Soepardjo Roestam.

Due to the economic crisis in 1998, the park was transformed from a green open space into an area occupied by street vendors. It became rundown, with many vendors constructing semi-permanent stalls and neglecting sanitation.

The street vendors remained in Villapark Banjarsari until 2006, when the government successfully carried out the cultural parade “PKL Cultural Procession from the Banjarsari ’45 Monument to the Notoharjo Klithikan Market in Semanggi.” Following this relocation, the government began restoring the park to its original function as a green open space.