Large quality commercial building. Totally renovated to meet federal government standards. Elevator. Security systems can be assumed. Wired for computers & LAN room climate controlled. Solar panels on roof generate about $6,000/year. Buyer will need to obtain approval to assume contract. Tenant,Employment Services Elgin occupies 4471 sq ft of first & second floor of 400 Talbot as of April 1, 2020 for 3 years (plus 3 board rooms in basement). Tenant,Family Service Thames Valley,occupies small office of second floor at 406-408 Talbot.The owner,Community Living Elgin, occupies 406-408 Talbot (& board room/shared baths in 400 Talbot). The owner is a non-profit organization and exempt from paying realty taxes. 2021 assessment for 400 Talbot is $415,000; and 406-408 Talbot is $343,000 X commercial mill rate for 2020, the taxes would be $28,439.00. Seller wishes to vacate their space on closing but might consider staying on for a short term lease. (id:15472)