The building is number seven Fitzalan Square, which is also known as Jew Lane, and has a guide price of £30,000. It will be auctioned online by Mark Jenkinson on July 13.
The auction brochure says: “Interesting city centre development opportunity. Three storey building with lapsed planning. Plans for two flats with total of five bedrooms - possibility of further storeys.”
There is private access, known at Jew Lane, off Fitzalan Square.
The auction guide adds: “Offered at a low reserve to ensure sale. Sold as seen complete with contents.
“The property is located on a passageway known as Jew Lane that links Commercial Street with Fitzalan Square close to HLW Keeble Hawson Solicitors and Cooplands Bakers.
“The property is in a very poor state of repair and considered hazardous.”
For details call 0114 276 0151 or visit https://www.markjenkinson.co.uk/auctions/