Restaurant and Bar With
For Sale
$149,900
306 3rd ST, Grafton, IA 50440
COMMERCIAL - Other - Grafton, IA
Property SizeContact for details
Days on Market316
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
APN
1203458004
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 2 Block 7 Grafton
Tax Annual Amount
996
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
Vinyl, Concrete
Building materials
Vinyl Siding
Architectural style
Other
Listing Agency:
RE/MAX Heartland REALTORS
(641) 424-9413
Listed By:
Shannon Anderson · License #B32165000
(641) 420-1338
Added: Oct 9, 2025
Changed: Aug 19
Last Checked: Aug 20 at 2:06AM
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 at 306 3rd ST in Grafton, Iowa, has operated under the Gobblers Roost name since 1974. The 1960 building features vinyl siding, vinyl and concrete flooring, forced-air heat, central air, and public water service. On-street parking serves the property.
Recent improvements include roof work, electrical upgrades, interior remodeling, and construction of a patio for seasonal outdoor use. The sale includes the contents of the business, including food in the coolers and freezer. Upgrade details and operating books are available to interested parties.
Recent improvements include roof work, electrical upgrades, interior remodeling, and construction of a patio for seasonal outdoor use. The sale includes the contents of the business, including food in the coolers and freezer. Upgrade details and operating books are available to interested parties.
Key Highlights
- Restaurant and bar operating under the Gobblers Roost name since 1974
- 1960 building with vinyl siding and vinyl and concrete flooring
- Improvements include roof work, electrical upgrades, and interior remodeling
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale includes the building contents, including food stored in the coolers and freezer.
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 under the Gobblers Roost name since 1974; 1960 building with vinyl siding and vinyl and concrete flooring; Improvements include roof work, electrical upgrades, and interior remodeling
