Franklin is looking for someone to buy the historic former city hall and is asking for more than $200,000.
The former city hall, 55 W. Madison St., has been vacant since 2009 when Franklin city offices moved to their current location on East Monroe Street. The former city hall building was constructed in 1936 and was a post office before being used by city government.
The Franklin Redevelopment Commission, which owns and is trying to sell the building, is also trying to get a federal historic designation for the former city hall that could allow a future owner to get grants to help preserve and maintain the building.
The redevelopment commission set an asking price of $212,500 for the nearly 9,000-square-foot building. Board members have said they will consider any proposal for the building but would look to select a buyer willing to preserve the historic features and also use it in a way that would benefit the downtown.
A city inspector found asbestos in the building, meaning anyone doing renovation work or improvements will be required to follow state regulations for handling the material.
Offers to the city board are due May 16.