Two-Story Short-Stay Hospitality
302 Tuscola Road Bay City, MI 48708
302 Tuscola Road, Bay City, MI, 48708
$790,000
For Sale
$790,000
COMMERCIAL - Bay City, MI
Property Size9,376 SF
Lot Size1.40 Acres
Price / SF$84.26
Days on Market76
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
Listing Agency
Century 21 Signature Realty
(989) 921-7000
5580 State Street Suite 4, Saginaw, MI
Listed by
Diana Bay · License #6506040025
(989) 798-7898
Added: May 6 Updated: Jun 3 at 5:41 pm Checked: Jul 20 at 5:06 pm
MLS# 50206679
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.
Investment Insights
Based on property information with market context.
A turnkey, income-producing two-story hospitality property offering 18 newly refinished short-stay rooms. The expansive building totals 9,900+ square feet and sits on 1.4 acres. Renovations completed in Spring 2025 include a commercial kitchen, multiple bathrooms and showers, a theater room, an exercise area, and a fireplace lounge, rounding out the property’s amenities for traveling guests.
The business currently serves traveling medical professionals seeking upscale, short-term accommodations near local hospitals. The offering combines both the premium real estate and the established hospitality business; the business name and concept may be included with the purchase.
Recent capital improvements support an efficient transition for an owner-operator or investor who wants to acquire an operating property with major items already addressed. Reported upgrades include a boiler installed in 2022, central air added in 2024, and a roof installed in 2024. The seller describes the opportunity as having immediate revenue potential of $26k per month, supported by the property’s current operating model and refreshed guest-focused interiors and common spaces.
The business currently serves traveling medical professionals seeking upscale, short-term accommodations near local hospitals. The offering combines both the premium real estate and the established hospitality business; the business name and concept may be included with the purchase.
Recent capital improvements support an efficient transition for an owner-operator or investor who wants to acquire an operating property with major items already addressed. Reported upgrades include a boiler installed in 2022, central air added in 2024, and a roof installed in 2024. The seller describes the opportunity as having immediate revenue potential of $26k per month, supported by the property’s current operating model and refreshed guest-focused interiors and common spaces.
Key Highlights
- 9,900+ sq ft two‑story property on 1.4 acres at 302 Tuscola in Bay County, with a newly refinished 18‑room short‑stay residence
- Current income‑producing operation serving traveling medical professionals with upscale short‑term accommodations near local hospitals
- Renovations completed Spring 2025: commercial kitchen, multiple bathrooms and showers, theater room, exercise area, and fireplace lounge
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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
MI Short Stay ...
Health Resort
Similar For Sale Nearby
FAQs
What type of property is this?
Hotel - Newly refinished 18-room lodging property with recent upgrades for short-stay guests serving medical professionals.
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+ sq ft two‑story property on 1.4 acres at 302 Tuscola in Bay County, with a newly refinished 18‑room short‑stay residence; Current income‑producing operation serving traveling medical professionals with upscale short‑term accommodations near local hospitals; Renovations completed Spring 2025: commercial kitchen, multiple bathrooms and showers, theater room, exercise area, and fireplace lounge
