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Palmyra, MI

Palmyra, MI Commercial Real Estate for Sale

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Adrian, MI Blissfield, MI Britton, MI Jasper, MI Tecumseh, MI Weston, MI Metamora, OH Sand Creek, MI

Live-Work Industrial Building

Updated: May 20

Live-Work Industrial Building

5550 E Carleton Road, Palmyra, MI 49268

$245,000

2,400 sqft 5.00 AC lot

Nearly 5‑acre property featuring a massive 45x72 commercial‑grade building with over 2,400 sq ft of space
Building includes 2‑phase power, a half bath, and a 5‑ton AC system with dual units
Attached private apartment with separate HVAC for owner‑operator use or rental potential
Fenced pond on site stocked with bluegill and catfish
RV‑ready with a 30‑amp hookup and concrete pad

This listing looks promising.

Here's a quick look at some key insights for

5550 E Carleton Road, Palmyra Twp, MI 49268

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Est. Cap Rate

9%
Above avg (5.9%)
Est. NOI

$22K
Annual
Price @ 7% Cap

$316K
Above asking
Property Type

Single Family Residence
Built 1975

View Property Analytics

Flex Building With Private Apartment

Updated: Jun 9

Flex Building With Private Apartment

5550 E Carleton Road, Palmyra, MI 49268

$239,900

3,240 sqft 4.92 AC lot

Nearly 5‑acre property featuring a massive 45x72 building with 2,400+ SF of commercial space.
Commercial building is equipped with 2‑phase power and a half bath, plus 5‑ton AC cooling powered by dual units.
Attached private apartment includes separate HVAC for owner‑operator living or rental income.
Stocked, fenced pond with bluegill and catfish.
RV 30‑amp hookup on a concrete pad.

Commercial Live-Work Building with Pond

Commercial Live-Work Building with Pond

5550 E Carleton Road, Palmyra, MI 49268

$239,900

3,240 sqft

Commercial building with attached apartment, 2-phase power, AC, and a fenced, stocked pond on nearly five acres.

Based on your search, we've compiled 54 Potential Opportunities for your consideration. Besides 3 Active listings in Palmyra, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 47 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Heated Pole Barn Flex Property

Heated Pole Barn Flex Property

8302 E Us Highway 223, Blissfield, MI 49228

$350,000

4.00 AC lot

Corner parcel with heated pole barn, workshop, office space, and a concrete pad for future expansion.

High-Visibility Commercial Building

High-Visibility Commercial Building

2400 E US-223 Highway, Adrian, MI 49221

$495,000

8,580 sqft 1.34 AC lot

Solid commercial building on 1.34 acres with strong daily traffic counts along US-223.

Industrial Warehouse with Partial Lease

Industrial Warehouse with Partial Lease

3818 E US 223 Highway, Adrian, MI 49221

$1,200,000

29,496 sqft 2.90 AC lot

Large warehouse on nearly three acres with a portion currently leased, creating flexibility for the remaining space.

Destination Restaurant and Tavern

Destination Restaurant and Tavern

424 W Adrian St, Blissfield, MI 49228

Contact for pricing

Two turn-key dining concepts are offered together with equipment, furnishings, and a Michigan resort liquor permit.

Off-Market Properties in Palmyra, MI

Consider similar Off-Market properties in Palmyra, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

6380 Palmyra Rd

COMMERCIAL (GENERAL)

6380 Palmyra Rd, Palmyra, MI 49268-9796

Value Estimation by Request

1,196 sqft 0.09 AC lot

7000 Driggs Rd, Unit BLK

INDUSTRIAL - VACANT LAND

7000 Driggs Rd, Palmyra, MI 49268-9738

Unit BLK

Value Estimation by Request

0.45 AC lot

6240 Us Hwy 223

COMMERCIAL (GENERAL)

6240 Us Hwy 223, Palmyra, MI 49268-9752

Value Estimation by Request

82,488 sqft 14.86 AC lot

6000 Us Hwy 223blk

VACANT COMMERCIAL LAND

6000 Us Hwy 223blk, Palmyra, MI 49268-9783

Value Estimation by Request

0.18 AC lot

5310 Us Hwy 223

VACANT COMMERCIAL LAND

5310 Us Hwy 223, Palmyra, MI 49268-9749

Value Estimation by Request

0.69 AC lot

4266 Us Hwy 223

COMMERCIAL (GENERAL)

4266 Us Hwy 223, Palmyra, MI 49268-9747

Value Estimation by Request

8.73 AC lot

6490 Palmyra Rd

VACANT COMMERCIAL LAND

6490 Palmyra Rd, Palmyra, MI 49268-9789

Value Estimation by Request

5.09 AC lot

6384 Us Hwy 223

COMMERCIAL (GENERAL)

6384 Us Hwy 223, Palmyra, MI 49268-9752

Value Estimation by Request

1,943 sqft 0.31 AC lot

6306 Us Hwy 223

INDUSTRIAL - VACANT LAND

6306 Us Hwy 223, Palmyra, MI 49268-9752

Value Estimation by Request

1.79 AC lot

6399 Lenawee St

COMMERCIAL (GENERAL)

6399 Lenawee St, Palmyra, MI 49268-8704

Value Estimation by Request

1,986 sqft 0.18 AC lot

6165 Us Hwy 223

COMMERCIAL (GENERAL)

6165 Us Hwy 223, Palmyra, MI 49268-9788

Value Estimation by Request

1,000 sqft 0.48 AC lot

COMMERCIAL (GENERAL)

4172 Rouget Rd, Palmyra, MI 49268-8701

Value Estimation by Request

1,836 sqft 0.27 AC lot

6326 Us Hwy 223

COMMERCIAL (GENERAL)

6326 Us Hwy 223, Palmyra, MI 49268-9752

Value Estimation by Request

0.50 AC lot

5550 Carleton Rd

Mixed-use properties

5550 Carleton Rd, Palmyra, MI 49268

Value Estimation by Request

3,240 sqft 5.91 AC lot

5310 Us Hwy 223

COMMERCIAL (GENERAL)

5310 Us Hwy 223, Palmyra, MI 49268-9749

Value Estimation by Request

5,076 sqft 2.00 AC lot

6415 Us Hwy 223

VACANT COMMERCIAL LAND

6415 Us Hwy 223, Palmyra, MI 49268-9752

Value Estimation by Request

0.05 AC lot

5306 Us Hwy 223

COMMERCIAL (GENERAL)

5306 Us Hwy 223, Palmyra, MI 49268-9749

Value Estimation by Request

7,240 sqft 3.86 AC lot

6326 Us Hwy 223

VACANT COMMERCIAL LAND

6326 Us Hwy 223, Palmyra, MI 49268-9752

Value Estimation by Request

3.27 AC lot

6326 Us Hwy 223

VACANT COMMERCIAL LAND

6326 Us Hwy 223, Palmyra, MI 49268-9752

Value Estimation by Request

3.00 AC lot

INDUSTRIAL - VACANT LAND

4320 Robb Hwy, Palmyra, MI 49268-9753

Value Estimation by Request

0.37 AC lot

6422 Palmyra Rd

COMMERCIAL (GENERAL)

6422 Palmyra Rd, Palmyra, MI 49268-9789

Value Estimation by Request

4,514 sqft 0.59 AC lot

Palmyra, MI Commercial Real Estate Market Trends and Statistics

Explore 50 commercial real estate for sale in Palmyra, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 8,880 square feet of properties for sale, with an estimated market value of $724,800.

Sale prices for business properties in Palmyra, MI start at $239,900, averaging $241,600, and reaching up to $245,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 1,026

Population Growth (5Y) -15.4%

Median Household Income $87,250

College Educated 24.9%

High-Yield Neighborhoods for Investment

Identify Palmyra submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
49268	$245K

Taxes & Financing

Tax Rate (average for all types) 3.42%

Property Tax per SF $78.02 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lenawee County

New Delisted

Total CRE Inventory on Market (SF)

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