$25 Sq Ft Net
FOR LEASE

Commercial/Retail

Lot: 120 x 219.93 ft
2025 Taxes: $22,848.92

985 Talbot St
St. Thomas, ON N5P 1E9 | Elgin

Prime 3,433 sq. ft. commercial building located in the heart of downtown St. Thomas, positioned along the east end of Talbot Street in a high-traffic corridor. Previously operated as a pizza restaurant and convenience store, the property has been fully renovated within the past three years, including significant upgrades to heating, electrical, plumbing, washrooms, air conditioning, and flooring.The front portion of the building, approximately 2,000 sq. ft., is ideally configured for restaurant or food service use and includes an existing hood and kitchen area. A built-in wood-fired pizza oven may be available; however, it is not warranted by the landlord. Any equipment shown in marketing materials may not be included as part of the lease. This front section is fully barrier-free and features accessible washrooms.The rear portion offers approximately 1,400 sq. ft. of open-concept space, providing excellent flexibility for a variety of retail, service, or storage uses. The layout allows the premises to be leased as a single unit or demised into two separate spaces, subject to lease terms.Ideally located just one block from the Walmart Plaza site and one block from the busiest traffic intersection in the city, the property benefits from strong surrounding commercial activity. Nearby national tenants include McDonald's, KFC, the LCBO, and other well-established businesses, making this an exceptional retail opportunity.Offered on a net lease basis with a base rent of $25.00 per square foot. Tenants are responsible for common area costs, including realty taxes (currently $6.65 per sq. ft. or $22,848.92 annually), insurance (currently $1.11 per sq. ft. or $3,792.96 annually), as well as maintenance, snow removal, landscaping, and grass cutting. Floor plans are available upon request.
Share
Listed By ROYAL LEPAGE TRILAND REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12466634
Last Updated Jan 10, 2026
Property Summary
Property Type Commercial/Retail

More like this:
Use Hospitality/Food Related
PIN 351860105
Legal Description LOT 53 PLAN 79 YARMOUTH PART LOT 2-4, 51-52 PLAN 79 YARMOUTH PART 1 & 2 11R3442 S/T E295769 ST THOMS
Possession Date FLEXIBLE
Taxes (2025) $22,848.92
Directions/Cross Streets FIRST AVENUE
Neighbourhood St. Thomas
Area Elgin
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 120 x 219.93 ft
Air Conditioning Yes
Garage Type None
Parking Spaces 63
Heat Type Gas Forced Air Closed
Sewers Sanitary+Storm

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)