5550 E Carleton Road Palmyra, MI $ 245,000
5550 E Carleton Road
$ 245,000
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5550 E Carleton Road

Palmyra, MI, 49268
$ 245,000
Bedrooms-- Baths1.0

Monthly Estimate*

$ 1,509

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Commercial Property for sale in Palmyra, MI

for $245,000 with 1 full bath. This building was built in 1975 on a lot size of 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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Commercial Active

Price

$ 245,000

Full Bath

1

Property Type

Commercial

Taxes

$ 3,331

Style

Industrial

Lot Size

4.92

Year Built

1975

Town/City

Palmyra

County/Region

Lenawee

MLS | Web ID

26028290

Features
General
Heating Forced Air
Cooling Central Air
Utilities Natural Gas Connected Electricity Connected
Possession Close Of Escrow Subject To Tenant Rights
Year Built 1975
Township Palmyra Twp
Property Subtype Industrial
Tax Year 2025
Business Type Auto Service Professional Service Distribution Storage Recreation Manufacturing
Waterfront Features Pond
County Lenawee
New Construction N
Property Type Commercial Sale
Full Baths 1
Status Active
Directions corner of 223 and Carleton
City Palmyra
Body of Water Private Pond
High School District Blissfield
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 214315.0
Listing Terms Conventional Cash
Land Lease Y/N N
Tax Annual Amount 3331.15
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered 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 RU NN TH N 399.75 FT TH S 72 40'E 98 2.12 FT TH S 73 48'W 349.22 FT TO S LI SD SEC TH S 89 0
Senior Community None
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Exterior
Water Source Well
Inclusions Other Real Estate
Lot Size Area 4.92
Foundation Details Slab
Number of Buildings 1
Spa N
Building Area Total 3240.0
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 Stories 1080
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
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

$1,786
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,509
Monthly Property Taxes
$278
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
6/10/2026$245,000 Listed Price

Map


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5550 E Carleton Road, Palmyra, MI, 49268 is a Commercial Property for sale at $245,000 with a lot size of 4.92. 5550 E Carleton Road has 1.0 baths and was built in 1975. The property's zip code is 49268 which is in Palmyra, MI