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    306 3Rd St Grafton, IA 50440

    For Sale
    $149,900

    1 Story, BAR/LOUNGE - GRAFTON, IA

    Property size:
    2,512 SF
    Days on Market:
    56
    Last Refresh:
    Dec 7 at 5:06 am

    Property Features for 306 3Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OTHER
    APN
    1203458004
    Parking features
    Paved or Surfaced
    Interior features
    All Equipment Included
    Size
    2,512 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Other
    Architectural style
    Other

    RE/MAX Heartland Realtors (515) 238-2332 [email protected]

    Listing agent SHANNON ANDERSON (641) 424-9413

    Listing date Oct 13, 2025

    MLS# 250731 Listing URL

    Copyright © 2025 Greater Mason City Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant and Bar Opportunity

    This turnkey restaurant and bar, a north Iowa favorite since 1974, presents an opportunity for entrepreneurs. The property, known as Gobblers Roost, includes extensive upgrades and improvements made by the current owners. These include a new roof, updated electrical systems, interior remodeling, and the addition of a patio for seasonal enjoyment. The sale encompasses all assets, including food inventory in coolers and freezers. Detailed lists of upgrades and financial records are available for review by interested parties. The property is a one-story building with a size of 2512 square feet and is located in Grafton, Iowa.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gobbler's Roost American Restaurant

    Suggested Use

    Wholesale Shop Auto Repair Shop Storage Facility Bar & Pub Daycare Center

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

    Similar Places Nearby

    Gobbler's Roost

    Location Insight

    • Map
    • Local Demand
    City
    Grafton
    County
    Worth
    State
    Iowa
    Longitude
    -93.069913
    Latitude
    43.33027

    FAQs

    What type of property is this?
    Bar - Established restaurant and bar with recent upgrades, ready for new owner.
    Where is this bar 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: - Turnkey restaurant and bar business opportunity.; - Extensive upgrades and improvements to the building (roof, electrical, interior remodeling, new patio).; - All equipment included in the sale.
    (641) 424-9413
    Request Owner's contact information
    306 3Rd St Grafton, IA 50440
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    Grafton, IA 50440
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    Realmo Value Estimation

    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.

    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.

    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
    306 3Rd St Grafton, IA 50440
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