The Prague Historical Museum is housed in the former Parks Brothers Funeral Home, built in 1937.

The Museum has an extensive collection of artifacts and documents which tell the history of the Prague area from the Land Run in 1891 to the present day. Prague became an instant town in 1902, and the Fort Smith and Western Railroad's first train pulled into Prague in 1903.

The collection includes exhibits of Czech Heritage, Native Americans, Early Business, a Doll Collection, and a Military Room containing the original flag taken from a particularly famous German bunker. The original state curtain from Prague's Bohemian Hall and costumes from previous Kolache Festival royalty are also exhibited.

Olinka Hrdy is a local artist of national recognition who studied and worked with Frank Lloyd Wright. A gallery wall is devoted to Olinka.

"Hands-On" binders invite the visitor to read and view copies of photos and articles that relate to the Prague area, including information of schools cemeteries, and adjoining towns.