Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    302 Tuscola Rd Bay City, MI 48708

    Sponsored
    For Sale
    $997,500

    Commercial/Industrial - Bay City, MI

    Property size:
    9,376 SF
    Lot size:
    1.40 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 24 at 12:06 pm

    Property Features for 302 Tuscola Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    160-027-203-010-00
    Patio and Porch features
    Patio, Deck
    Interior features
    ADA Accessible, Bath, Ceramic Floor, Concrete Floor, Internet Available, Electric Available, Flr Thickness: 6+ - 8 In., Furniture, Gas Available, Outbuilding(s), Private Restrooms, Reception Area, Security Equipment, Tile Floors
    Exterior features
    Ada Accessible, Deck/Patio
    Accessibility
    Accessible Approach with Ramp
    Size
    9,376 SF
    Lot size
    1.40 Acres

    Utilities

    Utilities
    Electricity Available
    Cooling system
    Central Air

    Building Details

    Year built
    1925
    Flooring type
    Concrete, Tile
    Building materials
    Brick, Stucco
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Diana Bay

    Century 21 Signature Realty (989) 921-7000

    Listing agent Diana Bay (989) 921-7000 License #6506040025

    Listing date Jan 23, 2026

    MLS# 50198116 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turnkey Income-Producing Bay City Property

    Located in Bay City, Michigan, this expansive two-story property offers over 9,900 square feet of space on a 1.4-acre lot. The property features a newly refinished 18-room short-stay residence. Currently operating as an income-producing business, it caters to traveling medical professionals seeking upscale, short-term accommodations near local hospitals. The business name and concept may be included in the sale. Renovations completed in Spring 2025 include a commercial kitchen, multiple bathrooms and showers, a theater room, an exercise area, and a fireplace lounge. The property is zoned commercial and presents a rare opportunity to acquire both premium real estate and an established hospitality business with immediate revenue potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MI Short Stay ... Health Resort

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bay City
    County
    Bay
    State
    Michigan
    Longitude
    -83.866192
    Latitude
    43.591573

    Nearby Similar for Sale

    • $225,000
      Pending

      Bay City Four-Unit Rental Property

      Four-unit rental property in a visible, desirable Bay City location.
      39 Salzburg Ave, Bay City, MI 48706
      View Details
    • $349,900
      5,120 SF

      Renovated Bi-Level Commercial Property

      Versatile, renovated bi-level commercial property suitable for various business operations.
      1201 S Euclid Ave, Bay City, MI 48706
      View Details
    • $819,900
      0.33 Acres

      Historic Bay City Multifamily Property

      Restored 16-unit property near downtown with Airbnb potential.
      701 Center Ave, Bay City, MI 48708
      View Details
    • $175,000
      7,920 SF

      Commercial Property on Wilder Road

      High-exposure commercial property on Wilder Road, ready for retail/office.
      2515 E Wilder Rd, Bay City, MI 48706
      View Details
    • $175,000
      7,920 SF

      Commercial Property on Wilder Road

      High-exposure commercial property near I-75 ready for retail or office.
      2515 E Wilder Rd, Bay City, MI 48706
      View Details
    • $819,900
      7,368 SF

      Restored Historic Bay City Multifamily

      Historic 16-unit multifamily property near downtown Bay City.
      701 Center Ave, Bay City, MI 48708
      View Details
    • $299,900
      7,802 SF

      Historic Mixed-Use Investment Opportunity

      Commercial building with storefronts and residential units in historic district.
      703 E Midland St, Bay City, MI 48708
      View Details
    • New
      $575,000
      14,202 SF

      Industrial Buildings with Yard Space

      Two industrial buildings on 2.5 acres suitable for warehousing.
      2429 2 Mile Rd, Bay City, MI 48706
      View Details
    • $230,000
      2,700 SF

      Bay City Live-Work Opportunity

      RM-1 zoned property with home occupation use and business potential.
      512 Germania Ave, Bay City, MI 48706
      View Details
    • New
      $89,000
      1,847 SF

      Bay City Multi-Family Property

      Two-unit residential income property, fully occupied, near Birney Park.
      316 N Jackson St, Bay City, MI 48708
      View Details
    • New
      $89,000
      1,847 SF

      Bay City Two-Unit Multifamily Property

      Fully occupied two-unit property near Birney Park in Bay City.
      316 N Jackson St, Bay City, MI 48708
      View Details
    • $299,900
      7,802 SF

      Historic Mixed-Use Investment Opportunity

      Mixed-use property in the Midland Street Historic District.
      703 E Midland St, Bay City, MI 48708
      View Details

    FAQs

    What type of property is this?
    Hospitality property - Two-story, 18-room property with immediate revenue potential.
    Where is this hospitality property located?
    The property is located at 302 Tuscola Rd Bay City, MI.
    What is the asking price?
    The asking price for this property is $997,500.
    What are key features of this property?
    This property features: - Turnkey, income-producing business and property with immediate revenue potential.; - Expansive **9,900+ sq ft, two-story property on 1.4 acres**.; - Newly refinished 18-room short-stay residence catering to traveling medical professionals.
    (989) 921-7000
    Request Owner's contact information
    302 Tuscola Rd Bay City, MI 48708
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    302 Tuscola Rd
    Bay City, MI 48708
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    302 Tuscola Rd Bay City, MI 48708
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Diana Bay
    Real Estate License ID: 6506040025
    (989) 921-7000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.