Homes for sale - 5320 MERWIN Street, Detroit, MI 48210

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Chris Hubel

chris@chrishubel.com +1(248) 568-6030

$ 2,500,000

Est. payment -/mo

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5320 MERWIN Street Detroit, MI 48210

9,429 SqFt

UPDATED:

09/04/2024 09:39 PM

Key Details

Property Type Commercial

Sub Type Business And Real Estate

Listing Status Active

Purchase Type For Sale

Square Footage 9,429 sqft

Price per Sqft $265

Subdivision Sheahan & Navin Sub (Plats)

MLS Listing ID 20240065848

Originating Board Realcomp II Ltd

Year Built 1931

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 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

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

Listed by Hassan Shukr of Own It Realty