18-Room Short-Stay
For Sale
$790,000
302 Tuscola Road, Bay City, MI 48708
COM/IND/BUS OPP, Bay City, MI
Property Size9,376 SF
Lot Size1.40 Acres
Price / SF$84.26
Days on Market269
Property Features for 302 Tuscola Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Patio and Porch features
Patio
Exterior features
Deck/Patio
Lot features
Residential Area
Subdivision
Bay City (09016)
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
Amenities
commercial kitchen
multiple bathrooms and showers
theater room
exercise area
fireplace lounge
Building Details
Year built
1925
Roof type
Asphalt
Listing Agency:
Century 21 Signature Realty · Century 21 Real Estate
(989) 921-7000
Listed By:
Diana Bay
(989) 798-7898
Added: Jan 23
Changed: Oct 8
Last Checked: Oct 19 at 8:06PM
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 hospitality property contains 9,376 square feet on 1.4 acres and includes an 18-room short-stay residence. Spring 2025 renovations added a commercial kitchen, multiple bathrooms and showers, a theater room, exercise area, and fireplace lounge. The property also includes a patio, basement, public water, oil heating, central air, and an asphalt roof.
Built in 1925, the building is located at 302 Tuscola Road in Bay City, Michigan, near local hospitals. The existing hospitality concept serves traveling medical professionals seeking short-term accommodations, and the business name and concept may be included with the transaction. Major system updates include a boiler installed in 2022, central air added in 2024, and a roof completed in 2024.
Built in 1925, the building is located at 302 Tuscola Road in Bay City, Michigan, near local hospitals. The existing hospitality concept serves traveling medical professionals seeking short-term accommodations, and the business name and concept may be included with the transaction. Major system updates include a boiler installed in 2022, central air added in 2024, and a roof completed in 2024.
Key Highlights
- 18‑room short‑stay residence within a 9,376‑square‑foot hospitality property
- Spring 2025 renovations include a commercial kitchen, bathrooms, showers, theater room, exercise area, and fireplace lounge
- Situated on 1.4 acres at 302 Tuscola Road, Bay City, MI 48708
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.
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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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Hotel - Two-story hospitality property with refreshed guest accommodations and shared amenities for short-term stays.
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 residence within a 9,376‑square‑foot hospitality property; Spring 2025 renovations include a commercial kitchen, bathrooms, showers, theater room, exercise area, and fireplace lounge; Situated on 1.4 acres at 302 Tuscola Road, Bay City, MI 48708
