Building Details

Building Size 3,240 SF

Year Built 1975

Buildings 1

Stories 1080

Units 2

Listing Agency: Cornerstone Real Estate j***@therisingteam.com Show Phone

Listed By: Jeffrey Rising · License #LCAR-6502365182 Show Phone

Source: Thebrokeragehouse

Added: Aug 8 Changed: Aug 11 Last Checked: Aug 11 at 2:48PM

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Investment Insights

Based on property information with market context.

This flex property combines a commercial-grade building with a privately attached apartment. The main structure measures 45 by 72 feet and contains over 2,400 square feet of commercial space, along with 2-phase power, a half bath, and 5-ton AC served by dual units. The apartment has its own HVAC system, creating separation between the business area and residential component.

The property encompasses nearly 5 acres at 5550 E Carleton Road in Palmyra, Michigan. Outdoor improvements include a fenced pond stocked with bluegill and catfish, an RV hookup with a 30-amp connection and concrete pad, and several mulberry trees. An artesian well and municipal sewer provide the listed water and wastewater infrastructure. Built in 1975, the property offers a combination of workspace, private living quarters, and supporting site improvements.

Key Highlights

• 45x72 building with over 2,400 sq ft of commercial space
• Nearly 5 acres at 5550 E Carleton Road, Palmyra, MI 49268
• 2‑phase power, half bath, and 5‑ton AC with dual units

Property Analytics

Property Profile

Current Use

Flex 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

Well-served

Demand for This Use

Explore this area Business Placement

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

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Frequently Asked Questions

What type of property is this?

Flex space - Commercial space and an attached apartment create a practical live-work configuration with separate HVAC systems.

Where is this flex space 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: 45x72 building with over 2,400 sq ft of commercial space; Nearly 5 acres at 5550 E Carleton Road, Palmyra, MI 49268; 2‑phase power, half bath, and 5‑ton AC with dual units