Turnkey Income-Producing Hospitality
302 Tuscola Rd Bay City, MI 48708
For Sale
$790,000
Two-story, 18-room short-stay residence on 1.4 acres.
Property Size9,900 SF
Lot Size1.40 Acres
Price / SF$79.80
Days on Market96
Property Features for 302 Tuscola Rd
General Information
Standard status
Active
Size
9,900 SF
Lot size
1.40 Acres
Property subtype
Commercial
Building Details
Year Built
1925
Listing Agency:
Century 21 Signature Realty
(989) 798-7898
Listed By:
Diana Bay · License #6506040025
(989) 798-7898
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 2:52AM
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 expansive two-story property, featuring over 9,900 square feet of space, is situated on 1.4 acres. Currently operating as an income-producing business, the property serves traveling medical professionals seeking 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 features 18 rooms and has immediate revenue potential. Significant updates include a boiler replaced in 2022, central air installed in 2024, and a new roof in 2024. The location has a bike score of 54, indicating it is bikeable, and a walk score of 81, signifying it is very walkable.
Key Highlights
- Turnkey, income‑producing business and property with immediate revenue potential of $26k per month.
- Expansive 9,900+ sq ft, two‑story property on 1.4 acres.
- Newly refinished 18‑room short‑stay residence, ideal for upscale, short‑term accommodations.
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 | $101.0k | $10.20 |
| − Vacancy | −$12.1k | −$1.22 |
| EGI | $88.9k | $8.98 |
| − OpEx | −$46.7k | −$4.71 |
| NOI | $42.2k | $4.26 |
9,900 SF · lease $10.20/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$603.0K
$527.6K – $703.5K
NOI $42,210 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,453 @ 7.0% cap · market cap 15.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Prankienas Properties LLC — 1112 Center Ave, Bay City, MI 48708
- David Reaume — 1112 center ave, bay city, mi 48708
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Two-story, 18-room short-stay residence on 1.4 acres.
Where is this bed & breakfast located?
The property is located at 302 Tuscola Rd Bay City, MI.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Turnkey, income‑producing business and property with immediate revenue potential of $26k per month.; Expansive 9,900+ sq ft, two‑story property on 1.4 acres.; Newly refinished 18‑room short‑stay residence, ideal for upscale, short‑term accommodations.
