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5320 MERWIN Street Detroit, MI 48210 2169
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Key Details
Sold Price $2,100,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 9,429 sqft
Price per Sqft $222
Subdivision Mi
MLS Listing ID 60336721
Sold Date 11/13/24
Annual Tax Amount $5,390
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 147.00 x 100.00
Property Description
Available for sale for the first time in 93 years, this commercial property at McGraw & Wyoming offers a rare opportunity to own a piece of Detroit's rich history. This iconic building, home to Warholak Tire since 1931, spans approximately 10,000 square feet and sits on a large 0.63-acre lot. With its prime location & 43,000+ VPD the property provides excellent visibility, signage, and immediate access to I-94 & major thoroughfares. The building exudes vintage charm, featuring original signage, memorabilia, and a well-maintained structure that reflects its long-standing heritage. Inside, you'll find a functional layout with a spacious service area, brand new doors and windows, front office space, upper level office & a 6,000 sq.ft storage area with ample clearance & two overhead doors—ideal for tire inventory or other automotive supplies. Additionally, the property includes a secure, fenced yard that can be used for storage or additional parking, offering flexibility for a range of business operations. Its location, bordering Dearborn and just minutes from downtown Detroit, enhances its value, making it an ideal spot for businesses looking to serve both the city and surrounding areas. Whether you aim to continue the automotive legacy or pursue a new venture, this landmark property offers unlimited potential. Don’t miss the opportunity to invest in a truly unique piece of Detroit history. Please do not approach employees.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Roof Type Asphalt,Rubber
Building
Foundation Slab
Water Public Water
Structure Type Block
Others
Ownership Private
Assessment Amount $100
Energy Description Natural Gas
Acceptable Financing Land Contract
Listing Terms Land Contract
Financing Cash,Conventional
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