For Sale
5550 E Carleton Road, Palmyra, MI 49268
$245,000
MLS # 26028290 (Michigan Regional Information Center (MichRIC))
1 bathBuilt 19754.92 acres
1 / 57
Listing Description
Endless Potential on nearly 5 Acres: Commercial-Grade Building plus Private Apartment and Stocked Pond! Discover a rare and versatile property offering the perfect blend of commercial utility, residential comfort, and outdoor serenity. At the heart of the property is a massive 45x72 building, featuring over 2,400 sq ft of premium commercial space. This main facility is fully equipped for business, hobbies, or storage, boasting 2-phase power, a convenient half bath, and a powerful 5-ton AC cooling system powered by dual units. Attached yet private, you will find an apartment with separate HVAC, perfect for an owner-operator or rental income. Enjoy the beautifully fenced pond stocked with bluegill and catfish. Additional highlights include an RV 30-amp hookup with a concrete pad, several mulberry trees, artesian well and municipal sewer. Whether you are looking to launch a business, establish a homestead or secure a unique live-work investment, this property delivers it all.
Source: SparkMLS
About this home
Located in Palmyra Township in Palmyra, this property offers 1-bath, with original construction dating to 1975.
Asking $245,000.
Property tax estimate: $3,331 per year ($278/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Midwest Energy Cooperative; natural gas by Citizens Gas Fuel Company.
Listing Property Details
Property TypeCommercial Sale
Property SubtypeIndustrial
Bathrooms1
Lot Size4.92 acres
Year Built1975
Location
CityPalmyra
MunicipalityPalmyra Twp
Zip Code49268
CountyLenawee
School DistrictBlissfield
Construction & Systems
HeatingForced Air
WaterWell
UtilitiesNatural Gas Connected, Electricity Connected
Sale & Financing
Listed6/9/2026
Terms AcceptedConventional, Cash
Source: SparkMLS
Tax Information
Annual Tax$3,331
Tax Year2025
Assessed Value$64,448
Parcel #PA0-116-4550-00 & PA0-116-4600-00
Source: SparkMLS
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
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Jeffrey Rising
Cornerstone Real Estate
Frequently Asked Questions about 5550 E Carleton Road, Palmyra, MI 49268
What school district is 5550 E Carleton Road, Palmyra, MI 49268 in?
Per MLS# 26028290, this property is served by Blissfield. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 26028290, the seller has indicated this property accepts the following financing types: Conventional, Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26028290, the most recent reported annual property tax for 5550 E Carleton Road, Palmyra, MI 49268 is $3,331 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 5550 E Carleton Road, Palmyra, MI 49268 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 5550 E Carleton Road, Palmyra, MI 49268 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Midwest Energy Cooperative. Gas: Citizens Gas Fuel Company. Water: Well. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Palmyra Twp police department or the Lenawee County sheriff's office.
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BETAMulti-Year Tax History
View SEV, Taxable Value, and uncapping difference for this parcel — Lenawee County public records.
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Monthly payment$1,589
Principal & interest$1,589
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Midwest Energy Cooperative
Co-op
Citizens Gas Fuel Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5550 E Carleton Road, Palmyra, MI 49268
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Municipality
Palmyra Township
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County
Lenawee County
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