Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Two-Story Hotel Property Title is generated by Realmo AI

    302 Tuscola Road, Bay City, MI 48708

    View on Map
    Claim this Listing
    For Sale
    $790,000

    COMMERCIAL - Bay City, MI

    Property size:
    9,376 SF
    Lot size:
    1.40 Acres
    Price / SF:
    $84/SF
    Added:
    Jan 23, 2026
    Days on Market:
    132
    Last Refresh:
    Jun 4 at 10:06 am

    Property Features for 302 Tuscola Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Patio and Porch features
    Patio
    Exterior features
    Deck/Patio
    Standard status
    Active
    APN
    160-027-203-010-00
    Size
    9,376 SF
    Lot size
    1.40 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    17941

    Utilities

    Heating system
    Oil
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1925
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Diana Bay

    Listing agent Diana Bay License #6506040025

    Listing office Century 21 Signature Realty 5580 State Street Suite 4, Saginaw, MI

    Listing date Jan 23, 2026

    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.

    HighLights

    • 9,900+ SF two‑story property on 1.4 acres at 302 Tuscola in Bay County
    • Newly refinished 18‑room short‑stay residence, currently operating as an income‑producing hospitality business
    • Renovations completed Spring 2025 include a commercial kitchen, multiple bathrooms and showers, theater room, exercise area, and fireplace lounge
    • Boiler replaced in 2022; central air added in 2024; roof replaced in 2024
    • Central air cooling and oil heating, plus public water service
    • Asphalt roof and patio/deck exterior features

    Overview

    This turnkey, two-story hospitality property is configured as a newly refinished 18-room short-stay residence. The offering includes a commercial kitchen and multiple bathrooms and showers, along with added guest amenities such as a theater room, an exercise area, and a fireplace lounge. Renovations completed in Spring 2025 include these in-property upgrades intended to support short-term lodging needs.

    The property sits on 1.4 acres at 302 Tuscola Road in Bay City, Michigan, and is currently operated as an income-producing business serving traveling medical professionals seeking upscale short-term accommodations near local hospitals.

    For an owner-operator or hospitality buyer looking for a ready-to-run lodging concept, the combination of hotel-style room inventory and the Spring 2025 renovations supports continued short-stay operations. The property also benefits from notable capital updates, including a boiler installed in 2022, central air installed in 2024, and a roof installed in 2024, helping reduce near-term replacement concerns for a new operator.

    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 (±1% cap)
    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 (±1% cap)
    NOI $118,813 @ 7.0% cap · market cap 15.04%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    MI Short Stay ... Health Resort

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay City
    County
    Bay
    State
    Michigan
    Longitude
    -83.866579
    Latitude
    43.591594

    Nearby Similar for Sale

    • $450,000
      5,043 SF

      Mixed-Use Opportunity in Bay City

      Mixed-use property with redevelopment potential in a growing downtown corridor.
      108 S Linn, Bay City, MI 48706
      View Details
    • $790,000
      9,376 SF

      Two-Story Short-Stay Hospitality Residence

      Newly refinished 18-room lodging property with recent upgrades for short-stay guests serving medical professionals.
      302 Tuscola Road, Bay City, MI 48708
      View Details
    • $549,000
      4,020 SF

      Bay City Office Condo Available

      Professional office condominium in a highly visible corner location.
      1601 Marquette Avenue, Bay City, MI 48706
      View Details
    • $364,000
      15,000 SF

      Mixed-Use Investment in Bay City

      Historic 15,000 SF mixed-use building with redevelopment potential.
      301 E Midland Street, Bay City, MI 48706
      View Details
    • $154,900
      2,070 SF

      Office Space with High Visibility

      Previously used as an insurance office, this high-visibility space can support a variety of professional services.
      2019 Columbus Avenue, Bay City, MI 48708
      View Details
    • $550,000
      14,202 SF

      Industrial Buildings with Yard Space

      Large industrial buildings suitable for warehousing, logistics, storage, and more.
      2429 2 MILE Road, Bay City, MI 48706
      View Details
    • $100,000
      1,055 SF

      Corner Commercial Building with Parking

      Corner commercial building on a high-traffic road with private parking and recent updates for a range of retail or service uses.
      1200 N Henry Street, Bay City, MI 48706
      View Details
    • $425,000
      3,132 SF

      Brick Garden-Style Fourplex

      Purpose-built four-unit property with separately metered utilities and full basements with washer/dryer hookups.
      2311 22nd Street, Bay City, MI 48708
      View Details
    • $899,000
      9,900 SF

      Turnkey Income-Producing Hospitality Property

      Two-story, 18-room short-stay residence on 1.4 acres.
      302 Tuscola Rd, Bay City, MI 48708
      View Details
    • $195,000
      2,700 SF

      Bay City Live-Work Opportunity

      RM-1 zoned property with home occupation use and business potential.
      512 Germania Avenue, Bay City, MI 48706
      View Details
    • $659,900
      2,823 SF

      Bay City Retail Opportunity

      Established retail space in high-visibility Bay City location.
      1014 N Johnson St Street, Bay City, MI 48708
      View Details
    • $224,900
      2,463 SF

      Updated HVAC Retail Storefront

      Retail storefront with updated HVAC, exposed 12-foot ceilings, and a nearby rear parking lot for customer access.
      412 Washington Avenue, Bay City, MI 48708
      View Details

    FAQs

    What type of property is this?
    Hotel - Newly refinished 18-room short-stay residence with renovated guest amenities and key capital improvements already in place.
    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: 9,900+ SF two‑story property on 1.4 acres at 302 Tuscola in Bay County; Newly refinished 18‑room short‑stay residence, currently operating as an income‑producing hospitality business; Renovations completed Spring 2025 include a commercial kitchen, multiple bathrooms and showers, theater room, exercise area, and fireplace lounge
    (989) 798-7898
    We can help!
    Listing Contact
    Diana Bay
    Real Estate License ID: 6506040025
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    302 Tuscola Road, Bay City, MI 48708
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!