New: $34,000 down paym. asst. & 10-year tax rebate!
347 Walnut Street
A group of investors has formed the Grainfield Townsite Company (GTC) with a vision to invest in the future of Grainfield by building and selling homes. Their first project is already underway on Walnut Street, with construction happening NOW! (Imagine the view of the sun rising every morning!)
About the Home:
This newly constructed home will feature:
- 4 bedrooms, 3 bathrooms
- A spacious Great Room
- A dedicated Office (or 5th bedroom)
- Approximately 1,600 sq. ft. upstairs and 1,600 sq. ft. downstairs
- A finished basement
- An attached double-car garage
Why is this a great opportunity?
The GTC, through the Kansas Housing Cooperative Loan Program, is offering an incredible opportunity for homebuyers in rural counties like ours. $34,000 is to be used by the new homeowners to assist them in their down payment, making homeownership more affordable than ever. This significant financial support helps lower the upfront costs and removes barriers to owning a brand-new home.
Additional Savings Through the NRP Program
This home also qualifies for the Gove County Neighborhood Revitalization Program (NRP), a 10-year property tax rebate program designed to ease the financial burden on new homeowners. The tax rebate starts at 100% in year one, then decreases by 10% each year, meaning:
- Year 1: 100% property tax rebate
- Year 2: 90% rebate
- Year 3: 80% rebate
- ... and so on, until year 10, where you still receive a 10% rebate
This program makes it possible to build a brand-new home, customized to your preferences, for less than the cost of purchasing an existing home that’s 10-20 years old while also enjoying significant tax savings for a decade.
The floor plan is set, but interior details can still be customized to your style.
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Want to learn more?
If this sounds like the perfect fit for you, contact Mitch 785.673.9512 to learn more! Let’s talk about how you can own a beautiful new home at a reduced price on the outskirts of town.
HOMES FOR SALE
281 W 3rd Street, Grainfield, KS
4 Beds 2.5 Baths - House
$185,000 or reasonable offer
For sale by owner:
4 bedroom, 2.5 bath home built in 1978. Main floor is approx. 1200 sq. ft with a full basement and features a HUGE fenced in backyard with a covered patio and deck. There is a “bonus” room (no closet) and a separate office space. The large, spacious family room in the basement is perfect for a growing family!
Every room in the house has been updated in the last 10 years. Bathrooms and kitchen remodeled in the last 3 years. Underground sprinkler system in the front and back yards. The home comes with a generator and stainless steel kitchen appliances. Central heat and air.
Call today to see! 785-769-3211
489 Elm Street, Grainfield, KS
5 Beds 2.Baths - House
$240,000 obo
For sale by owner:
Beautiful home, completely renovated, on corner lot across from the grade school. Five bedrooms two full bath .Single car garage attached , Double car garage in the back . An awesome deck to see the sunrise In a quiet neighborhood. Beautiful yard with sprinklers. Fenced in back yard with a small garden shed. Central heat and air. This house has been well taken care of . Let me know if you have any questions. Contact 785.673.9813
472 Main Street, Grainfield, KS
2 Beds 1.Bath - House
$80,000 or best offer
New siding and roof. Heater and hot water tank just a few years old. Needs cosmetic improvements. Contact 913.484.6145
363 West 5th Street, Grainfield, KS
3 Beds 1 Bath - House
$85,000
Don't miss this 3-bedroom, 1-bath home situated on a spacious 0.55-acre corner lot in the quiet community of Grainfield Kansas. Offering 1,327 square feet of living space, this home includes a detached garage and a large yard with endless possibilities for outdoor enjoyment or future additions.
Inside, you’ll find a comfortable layout with bright living spaces, a functional kitchen, and three nicely sized bedrooms. The single bathroom is conveniently located to serve the entire home.
With its great location, generous lot size, and solid structure, this property is ideal for first-time homeowners or as an investment opportunity. Enjoy small-town living with room to grow!
512 Main Street, Grainfield, KS
5 Beds 3 Baths - House
$135,000
Step back in time with modern comfort in this beautifully maintained 1920's home located in the heart of Grainfield Kansas. Offering 5 spacious bedrooms, 3 full bathrooms, and 2,181 square feet of living space, this property is perfect for families or anyone looking for room to grow. Outside, a 2-car garage provides convenience and storage, while the large lot offers plenty of space for gardening, outdoor activities, or future expansion. Whether you're looking for a primary residence, a rental property, or a weekend getaway, this home offers incredible investment potential in a welcoming community.
590 Ash Street, Grainfield, KS
$65,000
3 BR, 2 bath home with partial basement, attached single car garage, steel siding & metal roof recently installed. Located on a large corner lot at 590 Ash St., Grainfield, KS. $65,000
To view this listing, contact Mike Weimer, Listing Agent at 785-675-8634 or 785-675-3934 or Midway Realty Inc. 785-672-4541
LAND FOR SALE
NE/4 S12-12S-29W - 160+/- Acres Farmland Grainfield, KS
A nice quarter offered for sale in Gove County, KS in between Grainfield and Gove that sits right on Highway 23 and County Road X. Currently 121.22 acres are in crop land and 35.29 acres are being grazed as expired CRP. The grazing are could possibly become tillable acres or a strong hunting draw depending on your use. Mule deer, white tails, and upland game are all found in this area. of Northwest Kansas. The soil quality is a 65.31 NCCPI with average of 2.5 CAP making this property better than the average of the county that is 58. Minerals are included in the sale. No personal property is included in the sale and will be removed prior to closing. Please call Nick 785-673-6424 for more info!
COMMERCIAL BUSINESSES FOR SALE
223 Main Street, Grainfield, KS
The Feedlot Restaurant – Grainfield, Kansas
For more than four decades, The Feedlot Restaurant has been a cornerstone of Western Kansas dining. With roots stretching back over 40 years, this establishment has built a loyal customer base across generations and continues to thrive as a profitable, community-driven business.
Proven History & Consistent Cash Flow
Operating continuously under different owners yet always maintaining the same legendary pizza recipe, The Feedlot has established itself as a must-stop destination. This consistency has allowed the business to generate strong and reliable cash flow, providing an attractive return on investment for its owners. The books reflect a steady performance, even through changing markets, showcasing the durability of its business model.
Regional Reputation
The Feedlot’s pizza has become something of a legend in Northwest Kansas, with its reputation reaching far beyond Grainfield. Travelers along I-70, locals from surrounding towns, and former residents returning home all seek out the familiar flavors that have defined the restaurant for decades. Its brand equity is unmatched in the region, offering a new owner the opportunity to continue capitalizing on its name recognition and goodwill.
Atmosphere & Appeal
True to its name, The Feedlot delivers a modern cowboy vibe—a warm, rustic atmosphere that blends small-town hospitality with a touch of western grit. The environment resonates with both families and younger crowds looking for a laid-back, authentic dining experience. It’s a restaurant where regulars feel at home and newcomers feel welcome.
Turn-Key Opportunity
The sale includes not only the building and equipment, but also the well-established recipes, brand, and customer following. With decades of operational history and streamlined systems in place, a new owner can step in seamlessly and begin benefiting from day one.
Investment Highlights
- Over 40 years of continuous operation with a well-known brand
- Famous pizza recipe recognized across the region
- Strong cash flow and excellent return to owners
- Prime location in the heart of Grainfield, just off I-70
- Modern cowboy atmosphere with loyal, multi-generational customer base
- Opportunity to expand catering, events, or extended hours for additional revenue
This is more than just a restaurant sale — it’s a chance to own a thriving business with a proven track record, an enduring reputation, and a built-in community of loyal customers. The Feedlot Restaurant is ready for its next owner to continue the tradition while reaping the rewards of its established success.