Short-Stay Hotel with 18
New
For Sale
$790,000
302 Tuscola Road, Bay City, MI 48708
A two-story hospitality property offers guest amenities including a commercial kitchen, theater room, exercise area, and fireplace lounge.
Property Size9,376 SF
Lot Size1.40 Acres
Price / SF$84.26
Days on Market2
Property Features for 302 Tuscola Road
General Information
Standard status
Active
Size
9,376 SF
Lot size
1.40 Acres
Additional Details
Business Included
Yes
Currently Operating
Yes
Amenities
commercial kitchen
multiple bathrooms and showers
theater room
exercise area
fireplace lounge
true
1.4
9376
Building Details
Building Size
9,376 SF
Year Built
1925
Year Renovated
2025
Stories
2
Listing Agency:
Century 21 Signature Realty
(989) 798-7898
Listed By:
Diana Bay · License #6506040025
(989) 921-7000
Source:
Moayyerrealestate
Added: Oct 30
Last Checked: Oct 30 at 2:01AM
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
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Investment Insights
Based on property information with market context.
This two-story hotel property contains 18 short-stay rooms and sits on 1.4 acres. Spring 2025 renovations added a commercial kitchen, multiple bathrooms and showers, a theater room, an exercise area, and a fireplace lounge. The property also has a boiler installed in 2022, central air from 2024, and a 2024 roof.
At 302 Tuscola Road in Bay City, the property operates as short-term lodging for traveling medical professionals and is near local hospitals. The business name and concept may be included in the sale.
At 302 Tuscola Road in Bay City, the property operates as short-term lodging for traveling medical professionals and is near local hospitals. The business name and concept may be included in the sale.
Key Highlights
- 18‑room short‑stay lodging property
- Located on 1.4 acres at 302 Tuscola Road in Bay City
- Spring 2025 renovations included a commercial kitchen, bathrooms, showers, theater room, exercise area, and fireplace lounge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,515
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,030,300
$1.0M
Cap Rate 7%
$735,929
$735.9K
Cap Rate 9%
$572,389
$572.4K
Market Conditions
NOI Build-Up for 9,376 SF
Gross rent
$99.0K $10.56/SF
− Vacancy
−$5.3K −$0.57/SF
EGI
$93.7K $9.99/SF
− OpEx
−$42.1K −$4.50/SF
NOI
$51.5K $5.49/SF
Area
Bay County, MI
Vacancy
5.40%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,030,300
Cap Rate 7%
$735,929
Cap Rate 9%
$572,389
Alternative Uses
Best Use
Apartment 5plus
$735.9K
$643.9K – $858.6K
NOI $51,515 @ 7.0% cap · market cap 6.52%
Second Best
Hotel Hospitality
$571.1K
$499.7K – $666.3K
NOI $39,976 @ 7.0% cap · market cap 5.06%
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
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Hotel - A two-story hospitality property offers guest amenities including a commercial kitchen, theater room, exercise area, and fireplace lounge.
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; Located on 1.4 acres at 302 Tuscola Road in Bay City; Spring 2025 renovations included a commercial kitchen, bathrooms, showers, theater room, exercise area, and fireplace lounge
