18-Room Hotel with Shared
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 Market183
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
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
17941
Utilities
Cooling system
Central Air
Water source
Public
Amenities
commercial kitchen
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 · License #6506040025
(989) 798-7898
Added: May 6
Changed: Oct 27
Last Checked: Nov 4 at 12:06AM
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.
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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 rooms and occupies a 1.4-acre site. Renovations completed in Spring 2025 added a commercial kitchen, multiple bathrooms and showers, a theater room, an exercise area, and a lounge with a fireplace. A patio is also part of the property.
The short-stay operation serves traveling medical professionals seeking accommodations near local hospitals. Building updates include a boiler installed in 2022, central air added in 2024, and a roof replaced in 2024.
The short-stay operation serves traveling medical professionals seeking accommodations near local hospitals. Building updates include a boiler installed in 2022, central air added in 2024, and a roof replaced in 2024.
Key Highlights
- 18‑room short‑stay property on 1.4 acres
- Spring 2025 renovations added a commercial kitchen, multiple bathrooms and showers
- Guest amenities include a theater room, exercise area, fireplace lounge, and patio
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
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Current Use
Lease Details
18
Residential units
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Hotel - The two-story property includes a commercial kitchen and several spaces for guest 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 property on 1.4 acres; Spring 2025 renovations added a commercial kitchen, multiple bathrooms and showers; Guest amenities include a theater room, exercise area, fireplace lounge, and patio
