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    Grafton, IA Restaurants for Sale

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    Upgraded Restaurant With Patio
    Updated: Oct 9, 2025
    Upgraded Restaurant With Patio

    306 3rd ST, Grafton, IA 50440

    Contact for pricing
    Restaurant and bar operating at the property since 1974
    Roof and electrical improvements completed
    Remodeled interior
    Patio addition for outdoor dining
    Food in coolers and freezer included
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Grafton, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Restaurant and Bar Event Building
    Restaurant and Bar Event Building

    125 1st Street SE, Mason City, IA 50401

    Contact for pricing

    Turnkey restaurant and bar property with two large bars, a walk-in freezer, commercial kitchen equipment, and banquet rooms.

    View details
    Tavern with Five Apartments
    Tavern with Five Apartments

    134 William Street W, Albert Lea, MN 56007

    $314,000

    Downtown tavern with gaming rooms, patio seating, updated bar fixtures, and a commercial kitchen setup.

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    Multi-Use Retail Office Restaurant
    Multi-Use Retail Office Restaurant

    410 Bridge Avenue, Albert Lea, MN 56007

    Contact for pricing

    Commercial building on Bridge Avenue offers a drive-up window and driveway for flexible retail, office, or restaurant use.

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    Turn-Key BBQ Restaurant
    Turn-Key BBQ Restaurant

    215 S Madison, Mason City, IA 50401

    Contact for pricing

    For sale operating restaurant with newer windows, rubber roof, partial basement, and included equipment (some exclusions).

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Development Land with IDD Zoning
    Commercial Development Land with IDD Zoning

    21133 775th St, Albert Lea, MN 56007

    $975,000
    6.50 AC lot

    6.5-acre parcel off Interstate 35 with IDD zoning and city utilities available for a wide range of commercial uses.

    View details
    Commercial Development Lot
    Commercial Development Lot

    Commercial Drive SW lot: 2, Rochester, MN 55902

    $775,400
    1.02 AC lot

    1.02-acre commercial lot with high-traffic visibility in southwest Rochester near major road access.

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    Commercial Land With Highway Frontage
    Commercial Land With Highway Frontage

    100th Street NW, Oronoco, MN 55960

    $3,500,000
    0.50 AC lot

    Commercial building sites with Highway 52 frontage, easy access, and sewer and water available.

    View details
    Commercial Land Zoned B-3
    Commercial Land Zoned B-3

    Coneflower Lane, Mankato, MN 56001

    $937,312
    1.26 AC lot

    1.26-acre commercial land parcel zoned Highway Business District (B-3) near a hard-stop light on HWY 22.

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    Off-Market Properties in Grafton, IA

    Consider similar Off-Market properties in Grafton, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    306 3rd St
    RESTAURANT

    306 3rd St, Grafton, IA 50440-7559

    $235,000
    Estimated value
    2,672 sqft 0.12 AC lot
    View details

    Grafton, IA Restaurants Market Trends and Statistics

    Explore 2 restaurants for sale in Grafton, IA on our real estate platform.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 1
    Conventional restaurants 1

    Demographics Overview

    Population 275
    Population Growth (5Y) -50.6%
    Median Household Income $58,750
    College Educated 19.8%

    Taxes & Financing

    Tax Rate (average for all types) 2.05%
    Property Tax per SF $13.24 per SF
    Tax Rate vs County Average 0.07 pp above county avg
    Average Loan-to-Value 65.0%

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    Most Searched ZIP Codes in Grafton, IA

    • 50440

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