18-Room Hotel with Shared
302 Tuscola Road, Bay City, MI 48708
For Sale
$790,000
COM/IND/BUS OPP, Bay City, MI
Property Size9,376 SF
Lot Size1.40 Acres
Price / SF$84.26
Days on Market292
Property Features for 302 Tuscola Road
General Information
Property type
Property subtype
Zoning description
Rooms
Patio and Porch features
Exterior features
Lot features
Subdivision
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Business Included
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Cooling system
Water source
Amenities
commercial kitchen
multiple bathrooms and showers
theater room
exercise area
fireplace lounge
Building Details
Year built
Roof type
Listing Agency:
Century 21 Signature Realty · Century 21 Real Estate
(989) 921-7000
Listed By:
Diana Bay · License MI #6506040025
(989) 798-7898
Added: Jan 23
Changed: Oct 27
Last Checked: Nov 10 at 5:06PM
MLS# 50198116
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.
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Investment Insights
Based on property information with market context.
This two-story hotel at 302 Tuscola Road in Bay City has 18 short-stay rooms and occupies 1.4 acres. Renovations completed in spring 2025 added a commercial kitchen, multiple bathrooms and showers, a theater room, an exercise area, and a fireplace lounge. The property also has a patio and central air conditioning.
The lodging business serves traveling medical professionals and is located near local hospitals. Building systems include a boiler installed in 2022, central air added in 2024, and a roof replaced in 2024.
The lodging business serves traveling medical professionals and is located near local hospitals. Building systems include a boiler installed in 2022, central air added in 2024, and a roof replaced in 2024.
Key Highlights
- 18‑room short‑stay lodging property on 1.4 acres
- Spring 2025 renovations included a commercial kitchen, bathrooms and showers, theater, exercise area, and fireplace lounge
- Serves traveling medical professionals and is near local hospitals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,976
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,520
$799.5K
Cap Rate 7%
$571,086
$571.1K
Cap Rate 9%
$444,178
$444.2K
Market Conditions
NOI Build-Up for 9,376 SF
Gross rent
$95.6K $10.20/SF
− Vacancy
−$11.5K −$1.22/SF
EGI
$84.2K $8.98/SF
− OpEx
−$44.2K −$4.71/SF
NOI
$40.0K $4.26/SF
Area
Bay County, MI
Vacancy
12.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,520
Cap Rate 7%
$571,086
Cap Rate 9%
$444,178
Alternative Uses
Best Use
Hotel Hospitality
$571.1K
$499.7K – $666.3K
NOI $39,976 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,813 @ 7.0% cap · market cap 15.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Explore this area
Business Placement
Demographics for 48708, MI
25,860
Population
12,625
Households
2
Avg Household Size
41
Median Age
17%
College-Educated
89%
High-School Grad
29.1 sq mi
ZIP Area
889
Density / Sq Mi
$50,216
Median Household Income
$31,978
Median Earnings
$703
Median Rent
$98,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Two-story lodging property features a commercial kitchen and spaces for dining, recreation, and relaxation.
Where is this hotel located?
The property is located at 302 Tuscola Road 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: 18‑room short‑stay lodging property on 1.4 acres; Spring 2025 renovations included a commercial kitchen, bathrooms and showers, theater, exercise area, and fireplace lounge; Serves traveling medical professionals and is near local hospitals
