5550 E Carleton Rd Palmyra, MI 49268
For Sale
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This exceptional mixed-use property in Adrian, Michigan, presents a compelling investment opportunity. Situated on a 5.91-acre lot along a major public highway boasting 11,000 daily vehicles, this property offers unparalleled visibility and accessibility. The main structure encompasses a substantial 2,400-square-foot workshop, ideal for various commercial uses, including manufacturing, storage, or a showroom. An attached 800-square-foot apartment provides versatile space, perfect for onsite living, additional office space, or generating rental income. Built in 1975, the property features a total of 3,240 square feet and is currently vacant. The permitted zoning is commercial, ensuring flexibility for a wide range of business ventures. The asking price is $234,000, translating to $72.22 per square foot. An additional parcel (PA0-116-4600-00) is included in the sale. This property's prime location, ample space, and versatile layout make it an attractive option for entrepreneurs and investors seeking a high-traffic, high-visibility location. The property's size and zoning offer significant potential for future development or expansion. Don't miss this chance to acquire a strategically positioned commercial property with significant income potential. The property is privately owned.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
