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    Property profile & analytics

    223 Main St Grainfield, KS 67737-3733

    • Retail space
    • 1,800 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $390,000
    Location Intelligence
    Property ID
    US33-1216608
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Feedlot / American Restaurant

    Property Details for 223 Main St

    Year built
    1950
    Construction
    FRAME
    Lot size
    0.09 lot acres
    Property size
    1,800 SF
    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grainfield
    County
    Gove
    State
    Kansas
    Longitude
    -100.465
    Latitude
    39.1126

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,277
    $305
    $13,125
    $13,430
    -
    $1,220
    $52,500
    $53,720

    Comparable in this City

    • Value Estimation by Request
      1,710 SF

      Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,710 SF
      Main St, Grainfield, KS 67737
      View Details
    • Value Estimation
      $380,000
      3,000 SF

      206 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      206 Main St, Grainfield, KS 67737-3734
      View Details
    • Value Estimation by Request
      2,400 SF

      157 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      157 Main St, Grainfield, KS 67737-3735
      View Details
    • Value Estimation
      $405,000
      1,758 SF

      123 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 1,758 SF
      123 2nd St, Grainfield, KS 67737-3505
      View Details
    • Value Estimation
      $245,000
      6,600 SF

      154 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,600 SF
      154 Main St, Grainfield, KS 67737-3736
      View Details
    • Value Estimation by Request
      1,008 SF

      205 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,008 SF
      205 Main St, Grainfield, KS 67737-9746
      View Details
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    223 Main St
    Grainfield, KS 67737-3733
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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
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