Champakesvara Siva Temple is located Ambika Sahi in the Old Town area of Bhubaneswar. It is 157 metres west of Parasuramesvara on the right side of the Kotitirthesvara lane leading to Bindu sagara. It is a laterite temple. Local people believe that the enshrined Siva lingam is patalaphuta and the precinct is the abode of nagas(champa naga) after whom the deity is named as Champakesvara. The local people also believe that the temple precinct which is a den for the snakes do not harm any body.
The door jambs are later addition, which are plain. There is no navagraha architrave. The pabhaga is devoid of sculptural embellishment. The jangha is separated by a single moulding bandhana. The jangha is decorated with simple pilaster designs. The baranda is also left plain .At the base of the gandi in the raha paga there are three miniature rekha deul and the central one is higher than the rest two. The gandi is plain except miniature rekha deul and bhumi amlas in the kanika paga. Four bhumi amlas are found in the kanika paga. The raha paga of the gandi on all the four sides have udyota simha.
Laterite temple, which was originally a panchayatana precinct as evident from the ruins of shrines in the western corners of the precinct. In one of these subsidiary shrines, there is a four armed broken image of Kartika in standing position. The lower left arm is broken and the upper left arm rests over a cock, which is upheld by a diminutive woman. There is an ancient well in front of the temple, which measures 1.30 metres square with a depth of 5.25 metres.