The 620-seat grandstand at Gala Fairydean FC's Netherdale home was hailed as Britain's answer to Europe's expressive approach to stadium design when it was first unveiled almost 42 years ago.
However, the decision has surprised local groups, including heritage bodies, which have compared the building to Eastern-bloc architecture.
They are also shocked that the cantilevered concrete structure has been given official protection when older buildings in the area were left unprotected and later demolished to make way for new shops.
But the Scottish Executive agency's head of listing, Deborah Mays, is adamant that the stand is worth saving. She said: 'Gala Fairydean's stadium is a unique building.
'The way that the concrete has been used for visual effect is striking and shows how Womersley had injected imagination into the design of what had previously been a solely functional structure.'
The stand, which includes an 'integrated' turnstile, was built for just £25,000 - raised by the club through a public lottery.