Upgraded Restaurant With
For Sale
Contact for pricing
306 3rd ST, Grafton, IA 50440
Established food-service property includes kitchen inventory, furnishings, and building improvements for continued restaurant operations.
Property SizeContact for details
Days on Market308
Property Features for 306 3rd ST
General Information
Standard status
Active
Total Parking Spaces
2
Property subtype
Retail
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Year Built
1960
Units
1
Listing Agency:
RE/MAX Heartland REALTORS
(641) 420-1338
Listed By:
Shannon Anderson · License #B32165000
Source:
Crexi
Added: Oct 9, 2025
Changed: Aug 8
Last Checked: Aug 11 at 4:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Heartland REALTORS
Investment Insights
Based on property information with market context.
Built in 1960, this conventional restaurant property operates as Gobblers Roost, a restaurant and bar in Grafton, Iowa. The sale includes the business furnishings and operating contents, including food stored in the coolers and freezer, along with the existing restaurant improvements.
Capital work has addressed the roof and electrical systems, while the interior has been remodeled. A patio addition provides additional outdoor seating or dining space during warmer months. The business has operated at the property since 1974, offering an established restaurant setting with the principal building improvements and operating items included.
Capital work has addressed the roof and electrical systems, while the interior has been remodeled. A patio addition provides additional outdoor seating or dining space during warmer months. The business has operated at the property since 1974, offering an established restaurant setting with the principal building improvements and operating items included.
Key Highlights
- Restaurant and bar operating at the property since 1974
- Roof and electrical improvements completed
- Remodeled interior
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established food-service property includes kitchen inventory, furnishings, and building improvements for continued restaurant operations.
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 operating at the property since 1974; Roof and electrical improvements completed; Remodeled interior
