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    Palmyra, MI
    Flex Space

    Palmyra, MI Flex Space 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
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    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
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    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.
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Palmyra, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Flex and Distribution Facility
    Flex and Distribution Facility

    8080 Matthews Highway, Tecumseh, MI 49286

    $1,500,000
    25,000 sqft 21.47 AC lot

    Approximately 25,000 SF facility on 21 acres with main level, basement lift access, mezzanine, and multiple garage bays.

    View details
    Large-Format Retail/Showroom Building
    Large-Format Retail/Showroom Building

    4485 Monroe Street, Toledo, OH 43613

    Contact for pricing
    53,980 sqft

    Large-format building with dock and grade-level loading, plus fire suppression and 18’+ clear height.

    View details
    Flex Industrial Building with Offices
    Flex Industrial Building with Offices

    1635 Coining Dr, Toledo, OH 43612

    Contact for pricing
    65,376 sqft

    Large flex/industrial building includes recently updated heavy electric, heavy HVAC, wet sprinklers, and office space.

    View details
    Tecumseh Commercial Property for Sale
    Tecumseh Commercial Property for Sale

    416 E Cummins St, Tecumseh, MI 49286

    Contact for pricing
    45,464 sqft

    Commercial property in Tecumseh, Michigan, suitable for various uses.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Light Industrial Development Land
    Light Industrial Development Land

    850 N, Ossian, IN 46777

    $203,500
    8.14 AC lot

    8.14-acre light industrial site within Ossian city limits, with city utilities available and build-to-suit options.

    View details
    Dublin Development Land Available
    Dublin Development Land Available

    5751 Cosgray Road, Dublin, OH 43016

    $5,525,000
    2,831,400 sqft 65.00 AC lot

    65 +/- acre development land in Dublin, Ohio.

    View details
    36+ Acres in Tipp City
    36+ Acres in Tipp City

    6201 S Co Rd 25A, Tipp City, OH 45371

    $1,895,000
    36.43 AC lot

    36+ acres of commercial land in the North Dayton/Airport Market.

    View details
    Commercial Land Parcel with Concrete Improvements
    Commercial Land Parcel with Concrete Improvements

    2900 N Walnut Street, Muncie, IN 47303

    $399,000
    4.91 AC lot

    Commercially zoned 4.91-acre parcel with substantial road frontage, fenced area, and existing concrete improvements.

    View details

    Palmyra, MI Flex Space Market Trends and Statistics

    Explore 2 flex space for sale in Palmyra, MI on our real estate platform. These investment opportunities span a total of 5,640 square feet of properties for sale, with an estimated market value of $484,900.

    Sale prices for business spaces in Palmyra, MI start at $239,900, averaging $242,450, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Flex space 2

    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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