One of Elm Avenue’s signature historic buildings is available for sale on the McLennan County courthouse steps after plans by a sculptor and an East Waco entrepreneur fell through.

The two-story edifice at 600 Elm Ave., built in the late 1800s as S.H. Clinton Farm Implements and Hardware, will be part of a regularly scheduled sheriff’s sale at 10 a.m. Aug. 4 in front of the courthouse. The building will be open for a tour at 10 a.m. Saturday.

Lula Jane’s Bakery owner Nancy Grayson and Dallas artist Dan Brook bought the blighted building in 2013 in a tax sale for $5,117 and made plans for an art studio and gallery complex.

Grayson said those plans didn’t work out because the partners had “different goals.”

The auctions on the courthouse steps are usually the result of foreclosures or tax sales, but that’s not the case here, Grayson said.

“We just need to dissolve the partnership,” she said. “It’s a great way to let the public bid on a historic property on Elm Street.”

Grayson said she doesn’t plan to be at the sale to bid on the property.

She said an engineer found the 10,000-square-foot building was structurally sound, though an interior mezzanine not original to the building would need to be removed.

“It has all the original woodwork inside,” she said. “It’s just beautiful.”

The brick building, which served much of the 20th century as a furniture store, is one of the largest and most architecturally notable structures on Elm Avenue.

The Texas Historical Commission last year used the building as the subject for a rendering of how old buildings could be restored through the Texas Main Street program.

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