Large quality commercial building. Drawings show about 6991 sq.ft. on each of 2 floors plus basement finish. Totally renovated to meet federal government standards. Elevator. Security systems can be assumed. Wired for computers and LAN room climate controlled. Solar panels on roof generate about $6,000/year. Buyer will need to obtain approval to assume contract. Current tenants are the owner, Community Living Elgin, and Employment Services Elgin and Family Service Thames Valley. Yearly gross rents about $175,000 (solar not included). For financial statement of income and expenses, please sign Confidentiality Statement. The owner is a non-profit organization and is exempt from paying realty taxes. Based on the assessments and 2019 commercial mill rates, the taxes for 2019 would be $28,191.56. Seller wishes to vacate their space of about 4200 sq.ft. on closing but might consider staying on for a short term lease.
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