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    Palmyra, MI
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    Palmyra, MI Live-work Space for Sale

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    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.
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    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.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 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.

    Historic Live-Work Building
    Historic Live-Work Building

    505 Wildwood Avenue, Jackson, MI 49201

    $550,000
    6,357 sqft 0.30 AC lot

    Four usable levels with preserved historic details, updated systems, and 8 bedrooms across 2 full and 3 half baths.

    View details
    Mixed-Use Live/Work Property
    Mixed-Use Live/Work Property

    7300 Pontiac Trail, South Lyon, MI 48178

    $350,000
    6,138 sqft 1.16 AC lot

    Combination of a commercial building and a 2-bedroom, 2-bath home on 1.16 acres in South Lyon.

    View details
    Live-Work Commercial Property
    Live-Work Commercial Property

    South Lyon, MI 48178

    $350,000
    1.16 AC lot

    Mixed-use property combines a commercial building with a 2-bedroom, 2-bath residence on 1.16 acres.

    View details
    Historic Downtown Mixed-Use Building
    Historic Downtown Mixed-Use Building

    505 WILDWOOD AVE, Jackson, MI 49201

    Contact for pricing
    6,357 sqft

    Multi-level historic building with updated systems and preserved character, suited for office, retail, or hospitality concepts.

    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.

    Kalamazoo Land For Sale
    Kalamazoo Land For Sale

    209 E North Street, Kalamazoo, MI 49007

    $55,000
    0.16 AC lot

    Land zoned Live Work 1 with downtown views.

    View details
    City Center Parking Lot Development Site
    City Center Parking Lot Development Site

    407 Turner Avenue NW, Grand Rapids, MI 49504

    $1,475,000
    7,316 sqft 0.32 AC lot

    Parking lot site with 7,316 SF and 0.32-acre area, offered with development options and existing parking.

    View details
    Spacious Commercial Building on M-65
    Spacious Commercial Building on M-65

    4271 N M-65, Hale, MI 48739

    $480,000
    5,500 sqft 4.00 AC lot

    Large commercial building with living space on heavily traveled M-65.

    View details
    Industrial Land with Man-Made Ponds
    Industrial Land with Man-Made Ponds

    645 Route 30, Clinton, PA 15026

    $215,000
    13.18 AC lot

    Zoned I-1 industrial land on 13.18 acres with 10 man-made ponds and a 1-bedroom, 1-bath residence onsite.

    View details

    Palmyra, MI Live-Work Space Market Trends and Statistics

    Explore 3 live-work space 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 live-work 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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