The original station (opened in 1840 by the Midland Counties Railway, which was shortly to join the North Midland Railway and the Birmingham and Derby Junction Railway to form the Midland Railway) was sited a little further south.
The present station was built in 1872 when the track was quadrupled and has retained much of its characteristically Midland Railway architecture, apart from the fact that its canopies have been cut back. The station is grade II listed.
It became known as "Loughborough Midland" when Loughborough had three stations; Loughborough Derby Road (London and North Western Railway - station now closed) and Loughborough Central (Great Central Railway now used by the Great Central Railway (preserved)).
The cache is a small container, that has a log book, and can take coins and small TB's. Beware of muggles obviously. You should be able to find it quickly enough to avoid the £7.00 daily car park charge.
NB - This cache has now been adopted by 'The Meandering Mammas'