The City of Windsor Heritage Committee has voted to try to save the former Canadian Linen Supply Company building despite a recommendation from city planners that it be torn down.
The city took ownership of the building on Caron Avenue in November 2012 after the owners defaulted on their taxes.
The structure, which was built in 1904, has fallen into disrepair, but is listed on the heritage registry so planners needed to ask the committee for permission before demolition.
Councillor Chris Holt first made a motion to give the building heritage designation, but later changed his motion after committee chair Bill Marra convinced him let city council find a buyer to refurbish the building for commercial use.
Holt said the building has an "innate economic development potential that could "draw young, innovative entrepreneurs."
City council will be asked to try to market the building using provincial and municipal incentives such as Community Improvement Plans and Brownfield redevelopment funding.
"Let's go out there. Let's revisit the marketing," said chairman Bill Marra, adding that the last time the city tried to find a buyer was two years ago.
"Clearly the real estate market has changed," Marra explained, pointing to the Power Building on Devonshire Road that is currently the site of a large refurbishing project.
The committee is recommending the city take at least six months to try to sell the building for $1.