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5320 MERWIN Street Detroit, MI 48210
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Key Details
Sold Price $2,100,000
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 9,429 sqft
Price per Sqft $222
Subdivision Sheahan & Navin Sub (Plats)
MLS Listing ID 20240065848
Sold Date 11/13/24
Year Built 1931
Annual Tax Amount $5,390
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 147.00 x 100.00
Property Sub-Type Business And Real Estate
Source Realcomp II Ltd
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 Det South Of Grand River
Zoning Commercial
Direction East of Wyoming - South Side of McGraw
Interior
Hot Water Natural Gas
Heating Forced Air
Heat Source Natural Gas
Exterior
Utilities Available Security Alarm
Roof Type Asphalt,Rubber
Road Frontage Paved
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 2 Story
Additional Building Garage
Structure Type Block/Concrete/Masonry
Schools
School District Detroit
Others
Tax ID W20I011057C72
Ownership Short Sale - No,Private Owned
Assessment Amount $100
Acceptable Financing Cash, Conventional, Owner May Carry(Purchase Money Mortgage), Warranty Deed
Rebuilt Year 2024
Listing Terms Cash, Conventional, Owner May Carry(Purchase Money Mortgage), Warranty Deed
Financing Cash,Conventional,Owner May Carry(Purchase Money Mortgage),Warranty Deed
Special Listing Condition Full Service
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