223 Main St, Grainfield, KS 67737-3733
- Retail space
- 1,800 SF
- 0.09 lot acres
Current Use by Public Records
- The Feedlot / Restaurant
Property Details for 223 Main St
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 0.09 lot acres
- Property type
- Retail space
- APN
- 033-07-0-10-26-004.00-0
- APU
- 330701026004000
Description
This exceptional, upscale restaurant in Grainfield, Kansas, presents a compelling investment opportunity. Located on Main Street, near I-70, this 1,800 square foot, single-story building sits on a 4,000 square foot lot. Completely renovated between 2021 and 2022, the property boasts a 100% occupancy rate and a strong NOI of $183,240, yielding a 37.02% cap rate. The asking price is $495,000, or $275 per square foot. The establishment features inside seating for 83 guests, a fully stocked bar, and a lively outdoor patio with additional seating for 24 and turf games. Known for its exceptional pizzas and steaks, this well-patronized restaurant draws customers from a wide radius, benefiting from its proximity to the high-traffic I-70 interstate. All restaurant equipment and inventory are included in the sale, making this a truly turnkey operation. The property is zoned for commercial use and offers significant potential for growth. This is an ideal opportunity for an investor seeking a high-return investment or an aspiring restaurateur looking to acquire a thriving, established business. Financial records are available upon request. The building was originally constructed in 1950.
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Location Insight
- Map
- Local Demand
- City
- Grainfield
- County
- Gove
- State
- Kansas
- Longitude
- -100.465
- Latitude
- 39.1126
