5550 E Carleton Road Palmyra, MI $ 239,900
5550 E Carleton Road
$ 239,900
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5550 E Carleton Road

Palmyra, MI, 49268
$ 239,900
Baths1.0

Monthly Estimate*

$ 1,515

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Studio

Lots and Land for sale in Palmyra, MI

for $239,900 with 1 full bath. The lot size is 4.92.

Endless Potential on nearly 5 Acres: Commercial-Grade Building plus Private Apartment and Stocked Pond! Discover a rare and versatile property offering the perfect blend of commercial utility, residential comfort, and outdoor serenity. At the heart of the property is a massive 45x72 building, featuring over 2,400 sq ft of premium commercial space. This main facility is fully equipped for business, hobbies, or storage, boasting 2-phase power, a convenient half bath, and a powerful 5-ton AC cooling system powered by dual units. Attached yet private, you will find an apartment with separate HVAC, perfect for an owner-operator or rental income. Enjoy the beautifully fenced pond stocked with bluegill and catfish. Additional highlights include an RV 30-amp hookup with a concrete pad, several mulberry trees, artesian well and municipal sewer. Whether you are looking to launch a business, establish a homestead or secure a unique live-work investment, this property delivers it all.

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Lots and Land Active

Price

$ 239,900

Bedrooms

Studio

Full Bath

1

Property Type

Lots and Land

Taxes

$ 3,331

Style

Commercial Land

Lot Size

4.92

Town/City

Palmyra

County/Region

Lenawee

MLS | Web ID

26046661

Features
General
Sewer Public Sewer
Utilities Natural Gas Connected Electricity Connected
Possession Close Of Escrow Subject To Tenant Rights
Township Palmyra Twp
Property Subtype Commercial Land
Tax Year 2025
Current Use Residential Commercial
Waterfront Features Pond
County Lenawee
Property Type Land
Status Active
City Palmyra
Body of Water Private Pond
High School District Blissfield
Lot Size Units Acres
Lot Size Square Feet 184259.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 3331.15
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 64448
Legal Description LD BEG AT S 1/4 POST SEC 16 RUNN TH N 399.75 FT TH S 72 40'E 982.12 FT TH S 73 48'W 349.22 FT TO S LI SD SEC TH S 89 04'W 599.34 FT TO POB-4.92 ACRES EX W 200 FT SEC 16
Senior Community None
New Construction None
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Exterior
Water Source Well
Lot Size Area 4.92
Spa N
Lot Dimensions 982x349x399
Lot Size Acres 4.92
Waterfront Y/N Y
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
View True
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Interior
Total Baths 1
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Internal Only
Street Number 1 5550
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* Excluded Features
List By
Cornerstone Real Estate

Broker

jeff@therisingteam.com

Email

Affordability Calculator

$1,792
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,515
Monthly Property Taxes
$278
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5323342 Elementary School
5323343 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/3/2026$239,900 Listed Price

Map


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5550 E Carleton Road, Palmyra, MI, 49268 is a Lots and Land for sale at $239,900 with a lot size of 4.92. 5550 E Carleton Road is a studio with 1.0 baths. The property's zip code is 49268 which is in Palmyra, MI