Restaurant Building with
For Sale
$149,900
306 3rd ST, Grafton, IA 50440
Commercial Sale, Grafton, IA
Property SizeContact for details
Days on Market380
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
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
(641) 420-1338
Added: Oct 9, 2025
Changed: Oct 22
Last Checked: Oct 23 at 8:06AM
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.
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Investment Insights
Based on property information with market context.
This 1960-built restaurant and bar in Grafton has had work to the roof and electrical systems, interior remodeling, and an added patio. The sale includes the restaurant’s contents, including food stored in the coolers and freezer.
The building has vinyl siding, concrete and vinyl flooring, forced-air heat, central air conditioning, and public water. Parking is on street.
The building has vinyl siding, concrete and vinyl flooring, forced-air heat, central air conditioning, and public water. Parking is on street.
Key Highlights
- Restaurant and bar property with an added patio
- Roof and electrical work, plus interior remodeling
- Restaurant contents included, including food in coolers and freezer
Property Analytics
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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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Roof and electrical work, interior remodeling, and an outdoor patio are among the building improvements.
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 with an added patio; Roof and electrical work, plus interior remodeling; Restaurant contents included, including food in coolers and freezer
