Turnkey Hospitality
302 N Tuscola Rd Bay City, MI 48708
302 N Tuscola Rd, Bay City, MI, 48708
$899,000
For Sale
$899,000
Turnkey two-story short-stay residence with 18 rooms, recently renovated amenities, and income-producing operations.
Property Size9,376 SF
Lot Size1.40 Acres
Price / SF$95.88
Days on Market180
Property Features for 302 N Tuscola Rd
General Information
- Standard status
- Active
- Size
- 9,376 SF
- Lot size
- 1.40 Acres
- Property subtype
- Hospitality, Multifamily
Building Details
- Year Built
- 1925
Listing agency
CENTURY 21 Signature Realty
(989) 239-5581
Listed by
Kenneth M. Kujawa · License #6502333762
(989) 239-5581
Source
Cpix.resimplifi
Added: Jan 23 Updated: Jul 21 at 11:10PM Checked: Jul 21 at 11:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Signature Realty
Investment Insights
Based on property information with market context.
This turnkey two-story hospitality property is designed as a short-stay residence with 18 rooms. The business and property are offered together, with the renovations completed in Spring 2025 that include a commercial kitchen, multiple bathrooms and showers, a theater room, an exercise area, and a fireplace lounge.
The property is sited on 1.4 acres and is currently operating as an income-producing business serving traveling medical professionals seeking upscale, short-term accommodations near local hospitals. The offering includes a named concept as an operating business and property for which immediate revenue potential is described.
Major capital updates include a boiler installed in 2022, central air installed in 2024, and a roof installed in 2024.
The property is sited on 1.4 acres and is currently operating as an income-producing business serving traveling medical professionals seeking upscale, short-term accommodations near local hospitals. The offering includes a named concept as an operating business and property for which immediate revenue potential is described.
Major capital updates include a boiler installed in 2022, central air installed in 2024, and a roof installed in 2024.
Key Highlights
- Two‑story, 9,900+ SF property on 1.4 acres at 302 Tuscola in Bay County
- 18‑room short‑stay residence currently operating as an income‑producing business for traveling medical professionals
- Renovations completed Spring 2025 include a commercial kitchen, multiple bathrooms and showers, theater room, exercise area, and fireplace lounge
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.6k | $10.20 |
| − Vacancy | −$11.5k | −$1.22 |
| EGI | $84.2k | $8.98 |
| − OpEx | −$44.2k | −$4.71 |
| NOI | $40.0k | $4.26 |
9,376 SF · lease $10.20/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$571.1K
$499.7K – $666.3K
NOI $39,976 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,813 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MI Short Stay ...
Health Resort
Similar For Sale Nearby
FAQs
What type of property is this?
Hotel - Turnkey two-story short-stay residence with 18 rooms, recently renovated amenities, and income-producing operations.
Where is this hotel located?
The property is located at 302 N Tuscola Rd Bay City, MI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑story, 9,900+ SF property on 1.4 acres at 302 Tuscola in Bay County; 18‑room short‑stay residence currently operating as an income‑producing business for traveling medical professionals; Renovations completed Spring 2025 include a commercial kitchen, multiple bathrooms and showers, theater room, exercise area, and fireplace lounge
