This is a charming 'setting' book which describes not only Arcanum College but the township that has grown up to serve the needs of both mages and visiting adventurers. It could prove an ideal base for a party, or at least somewhere to visit to obtain jobs and supplies.
The work is replete with vivid descriptions of the people and places to be found in the township of Cordicstown (but could use a proofreading, there are some muddled sentences and unclear bits). Visiting adventurers can find just about anything that they need here, and there are several locations where those in need of adventures go to hire them. There are also establishments catering to the needs of wizards, especially students at the college. These include a wand-maker and a store that specialising in providing familiars - there's a delightful pen-picture of second year students lining up across the road from the shop to cast their spells, curious as to what creature will come out to bond with them!
Both the town and college are mapped out, and there are a few photos as well, supposedly of the nearby Keep (in the grounds of which stand the college) and the town streets.
It's all quite delightful, well worth a visit if you are in the area.