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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.
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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.

    Retail and Office Frontage Space
    Retail and Office Frontage Space

    108 E Butler St, Adrian, MI 49221

    $200,000
    3,680 sqft

    Zoned B-2 with Main Street frontage, offering space suited for office or retail use.

    View details
    Main Street Retail Office Space
    Main Street Retail Office Space

    E 108 E Butler Street Unit SourceFi, Adrian, MI 49221

    $200,000
    3,680 sqft

    Retail or office space with main street frontage, offered for sale and lease under B-2 zoning.

    View details
    Two-Story Mixed-Use Building
    Two-Story Mixed-Use Building

    106 E Adrian Street, Blissfield, MI 49228

    $42,000
    1,574 sqft 0.20 AC lot

    Two-story commercial building with ground-floor office or retail space and upstairs apartment area, requiring renovation.

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    Zoned C2 Mixed-Use Portfolio
    Zoned C2 Mixed-Use Portfolio

    313 W Adrian St, Blissfield, MI 49228

    Contact for pricing

    Bulk sale portfolio includes a 7-plex with recent furnace and new hot water heater replacements plus office and commercial space.

    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.

    Commercial Land Near Region Hospital
    Commercial Land Near Region Hospital

    4587 N Adrian Highway, Adrian, MI 49221

    $125,000
    2.10 AC lot

    2.10 acres of commercial land near new hospital.

    View details
    Commercial Development Land with Highway Access
    Commercial Development Land with Highway Access

    6000 S Occidental Highway, Tecumseh, MI 49286

    $145,000
    5.49 AC lot

    Zoned C-2 and well-suited for a range of commercial and multi-family uses with long frontage on a major roadway.

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    Dundee Commercial Lot For Sale
    Dundee Commercial Lot For Sale

    16484 Tecumseh, Dundee, MI 48131

    $279,900
    0.82 AC lot

    Prime commercial lot in growing Dundee, Michigan, near Cabela's.

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    Commercial Lot in Growing Dundee
    Commercial Lot in Growing Dundee

    16488 Tecumseh, Dundee, MI 48131

    $362,000
    1.06 AC lot

    Prime commercial lot in Dundee with high traffic and utilities.

    View details

    Palmyra, MI Office Spaces Market Trends and Statistics

    Explore 3 office spaces 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 office spaces 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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