Upgraded Restaurant and
For Sale
Under Contract
$149,900
306 3rd ST, Grafton, IA 50440
Commercial Sale, Grafton, IA
Property SizeContact for details
Days on Market365
Property Features for 306 3rd ST
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
On Street
Directions
Located on the main street in Grafton, Gobblers Roost
Standard status
Active Under Contract
APN
1203458004
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 2 Block 7 Grafton
Tax Annual Amount
1172
Legal Description
Lot 2 Block 7 Grafton
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Number of units
1
Flooring type
Concrete, Vinyl
Building materials
Vinyl Siding
Architectural style
Other
Listing Agency:
RE/MAX Hartland REALTORS
(641) 424-9413
Listed By:
Shannon Anderson · License #B32165000
(641) 420-1338
Added: Oct 9, 2025
Changed: Sep 12
Last Checked: Oct 8 at 5:06AM
MLS# 6341007
Copyright © 2026 NoCoast MLS. 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.
This restaurant and bar property was constructed in 1960 and has received substantial building improvements, including roof work, electrical updates, interior remodeling, and a patio addition. The existing finish package includes vinyl siding, concrete and vinyl flooring, forced-air heat, and central air conditioning. On-street parking serves the property, and public water is available.
The sale includes restaurant contents and inventory located in the coolers and freezer, along with the operating fixtures and equipment described in the property information. The building’s combination of food-service space, bar use, updated systems, and outdoor patio improvements provides a defined commercial restaurant configuration.
The sale includes restaurant contents and inventory located in the coolers and freezer, along with the operating fixtures and equipment described in the property information. The building’s combination of food-service space, bar use, updated systems, and outdoor patio improvements provides a defined commercial restaurant configuration.
Key Highlights
- Restaurant and bar property built in 1960
- Roof improvements and updated electrical systems
- Remodeled interior with concrete and vinyl flooring
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50440, IA
373
Population
159
Households
2.3
Avg Household Size
45
Median Age
15%
College-Educated
89%
High-School Grad
29.2 sq mi
ZIP Area
13
Density / Sq Mi
$58,750
Median Household Income
$43,352
Median Earnings
$655
Median Rent
$99,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established food-service property with renovated interiors, updated electrical systems, and an added outdoor patio.
Where is this conventional restaurant located?
The property is located at 306 3rd ST Grafton, IA.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Restaurant and bar property built in 1960; Roof improvements and updated electrical systems; Remodeled interior with concrete and vinyl flooring
