$239,900

5550 E Carleton Rd Palmyra, MI 49268

Estimated payment $1,595/month

4.92 Acres
$48,760 Price per Acre
214,315 Sq Ft Lot

Highlights

  • 20 Feet of Waterfront
  • Home fronts a pond
  • Pole Barn

About This Lot

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.

Listing Agent

Jeff Rising

Cornerstone Real Estate License #6506043439 Listed on: 09/02/2026

Cornerstone Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,331

Lot Details

  • 4.92 Acre Lot
  • Lot Dimensions are 982x349x399
  • Home fronts a pond
  • 20 Feet of Waterfront

Outdoor Features

  • Water Access
  • Pole Barn

Utilities

  • Natural Gas Connected
  • Well

Additional Features

  • Water Views
  • 1 Bathroom
  • Mineral Rights

Property Details

Property Type

Land

Est. Annual Taxes

$3,331

Lot Details

4.92 Acres

Listing Details

  • Property Sub-Type: Unimproved Land
  • Property Type: Land
  • Waterfront Options:Water Access YN: Yes
  • Waterfront Options:Water Frontage3: 20.0
  • Mineral Rights:Mineral Rights: Yes
  • Sewer:Sewer: Public Sewer
  • Util Avail at Street:Util Avail at Street: None
  • Water Fea Amenities:Water Fea Amenities: View
  • Other Structures:Other Structures: Pole Barn
  • SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI2MDQ2NjYxIiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA5LTAyVDE3OjAxOjQyLjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE0NjI5IiwiTGljZW5zZWVOYW1lIjoiSG9tZXMgUHJvIn0.pdn5ZgusWO-TS2jIeyZ-6Ey5aAFJKP8Qdu5y0Q58cFs/badge
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Total Bathrooms: 1

Exterior Features

  • List Price: 239900.0
  • Other Structures: Pole Barn
  • Water Body Name: Private Pond
  • Waterfront Features: Pond
  • Waterfront: Yes

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Well
  • Utilities Attached:Utilities Attached: Electricity Connected, Natural Gas Connected

Lot Info

  • Current Use: Commercial, Residential
  • Lot Size Acres: 4.92
  • Lot Size Area: 4.92
  • Lot Dimensions: 982x349x399
  • Lot Size Sq Ft: 184259.0

Tax Info

  • Tax Annual Amount: 3331.15
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $3,088 $72,800 $0 $0
2025 $742 $73,600 $0 $0
2024 $7 $71,800 $0 $0
2023 $3,004 $65,900 $0 $0
2022 $637 $56,700 $0 $0
2021 $1,967 $55,300 $0 $0
2020 $1,996 $55,500 $0 $0
2019 $126,850 $63,200 $0 $0
2018 $2,528 $47,854 $0 $0
2017 $2,489 $48,265 $0 $0
2016 $2,498 $48,016 $0 $0
2014 -- $49,063 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/02/2026 09/02/26 For Sale $239,900 -- --
Source: MichRIC

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Quit Claim Deed -- --
Warranty Deed $255,600 --
Source: Public Records

About the Listing Agent

Jeff Rising

Cornerstone Real Estate

(517) 210-1882

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Jeff Rising has been in the real estate business since 2001 and serves all of SE Michigan. As Team Leader of The Rising Team and a Real Estate Associate Broker, his main focus is providing the most exceptional home buying and selling experience for our clients. For our home sellers, we have an emphasis on maximum market exposure and my goal is to get you the highest price the market will bring and in the shortest amount of time possible. For our home buyers, we take the time to LISTEN to YOU!

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Source: MichRIC

MLS Number: 26046661

MichRIC

APN: PA0-116-4550-00

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