Detroit, MI 48210 2169,5320 MERWIN Street
Detroit, MI 48210 2169,5320 MERWIN Street
Detroit, MI 48210 2169,5320 MERWIN Street
38
$2,100,000
$2,500,000
16.0%
Est.Price: ?

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9,429 SqFt

5320 MERWIN Street Detroit, MI 48210 2169

Est. payment /mo
SOLD DATE : 11/13/2024

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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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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by Own It Realty
Bought with Own It Realty

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agent

Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

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