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Mixed-Use Property with Private Apartment
For Sale
$239,900

5550 E Carleton Road, Palmyra, MI 49268

Commercial Sale, Palmyra, MI

Property Size3,240 SF
Lot Size4.92 Acres
Price / SF$74.04
Days on Market93

Property Features for 5550 E Carleton Road

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1
Elementary school district Blissfield
Middle school district Blissfield
High school district Blissfield
Directions corner of 223 and Carleton
Standard status Active
APN PA0-116-4550-00 & PA0-116-4600-00
Size 3,240 SF
Lot size 4.92 Acres

Taxes and HOA fees

Tax Year 2025
Tax 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
Tax Annual Amount 3331
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

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Well
Water front features Pond
Water front 1

Building Details

Year built 1975
Number of units 2
Listing Agency: Cornerstone Real Estate
Listed By: Jeffrey Rising · License #6506043439
Added: Jun 9 Changed: Sep 1 Last Checked: Sep 9 at 5:06AM
MLS# 26028290

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use property combines a commercial building with attached private living space on 4.92 acres. The main structure measures 45 by 72 feet and includes over 2,400 square feet of commercial area, a half bath, 2-phase power, and a 5-ton AC system served by dual units. The apartment has its own HVAC system. Built in 1975, the property also includes forced-air heating and central air.

Outdoor features include a fenced pond stocked with bluegill and catfish, an RV hookup with 30-amp service and a concrete pad, and several mulberry trees. Water service is provided by a well, with municipal sewer serving the property.

Key Highlights

  • 4.92 acres with a 3,240‑square‑foot mixed‑use property
  • 45x72 building with over 2,400 sq ft of commercial space
  • Attached apartment with separate HVAC system

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick HVAC Service Plumbing Service Grocery & Convenience Store Building Supply Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

6
Businesses Nearby

Demographics for 49268, MI

1,047
Population
452
Households
2.3
Avg Household Size
42
Median Age
20%
College-Educated
97%
High-School Grad
22.9 sq mi
ZIP Area
46
Density / Sq Mi
$87,250
Median Household Income
$42,438
Median Earnings
$165,600
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial workspace includes separate residential quarters and dedicated HVAC.
Where is this mixed-use property located?
The property is located at 5550 E Carleton Road Palmyra, MI.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 4.92 acres with a 3,240‑square‑foot mixed‑use property; 45x72 building with over 2,400 sq ft of commercial space; Attached apartment with separate HVAC system
More about this property
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