555 S Lower Road, Palmer, AK 99645

$615,000
Property Type: Business Opportunity Square Footage: 2,783 Lot Size (sq. ft.): 86,249 Status: Closed
Current Price: $615,000 Last Modified: 2/13/2026

Description

APPRAISED @ $675,000 - Successful Well & Septic!! Two Historic 1935 Colony Barns haylofts transported & fully remodeled onto New Construction (2023) buildings totaling just under 3000sq ft. Situated between Palmer and Wasilla on 1.89 unrestricted acres with 2 wells onsite. 236ft of water frontage & Wasilla creek running down the West side.

Supplements: All the hard work has been done for you! 9000sq ft of beautiful sod lawn laid, the transport & installation of the 40ft silo, this property is nothing short of spectacular! The large barn upper level 1024sq ft with a 16x32 walking deck, half bath with a second set of stairs for a second back side entry location. It has its original barn wood rafters that have been professionally sand blasted, luxury vinyl plank flooring, custom lighting fixtures, light Trex deck, log siding, original galvanized s panel & gorgeous metal roofing. The lower level has two bedrooms, two full baths, full living room & kitchen with 20mil commercial grade luxury vinyl plank flooring, in floor heat, quartz countertops & window seals, real wooden doors, custom tile in bathrooms, washer/ dryer, hot water on demand and an A/C radiant heat- mini splits w heat pump heating system. A second building features a kitchen, living room, full bathroom and upper-level bedroom, shiplap walls, luxury vinyl plank & tile flooring, original colony window accents and on the exterior is log as well as artistic uniquely hand crafted concrete log!! The project caught the eye of the "Fixer Upper" couple Chip & Joanna Gaines "Magnolia Network" and they filmed a tv show! The episode can be seen on HBO Max, Discovery & Magnolia. "In With the Old" Season 5, Episode 8 (Alaska Barn Rescue) It has also being featured on American Dream Television in Summer 2025!!!

More Information MLS# 24-7324

Contract Info

Price-List: 615000 Date-Listing: 2024-06-17 Status: Closed

Sold Info

Date-Pending: 2025-11-24 Date-Closing: 2026-02-11

Location Tax and Legal

Area: PA - Palmer Street #: 555 Directional: S Street Name: Lower Arterial: Road Closest USPS Town: Palmer State: AK Zip Code: 99645

Property Info

Realtor.com Type: Commercial Construction Status: Existing Structure Type of Property: Land & Building SF-Res: 2783 Floors - # of: 2 SF-Lot: 86248.8 Lot Area Source: Tax Authority Acres: 1.98 Zoning: UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston Year Built: 2023

Directions and Remarks

Directions: N on the Parks Hwy, Right off of the highway onto Hyer rd,, follow Hyer rd for about 1.5 miles and take a right onto S Lower Rd, follow S Lower rd until you see the sign- property on left

Building Info

Building Status: Vacant

Property Features

Business Type: B & B; Professional Service; Other Heating: Baseboard; Electric; Natural Gas; Radiant; See Remarks Exterior Finish: Log; Metal; Wood Roof Type: Metal Flooring: Other; See Remarks Foundation: Poured Concrete Features-Commercial: On-Site Parking; Wtrfnt-Access Nearby; Other - See Remarks Listing Terms Financing: AHFC; Cash; Conventional; FHA; VA Loan Access: Dedicated Road; Paved Sewer: Septic Tank Water Source: Private; Well To Show: ShowingTime Docs Avl for Review: Docs Posted on MLS
Listing Office: Signature Real Estate Alaska
Last Updated: February - 13 - 2026
555 S Lower Road, Palmer, AK 99645- MLS# 24-7324
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.