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    Versatile Commercial Space in Delano

    212-940 Mckinley Pkwy Delano, MN

    Claim this Listing
    For Sale
    $399,900

    End-unit commercial space with flexible layout and quality finishes.

    Property size:
    1,808 SF
    Price / SF:
    $221/SF
    Added:
    Mar 25, 2026
    Days on Market:
    109
    Last Refresh:
    May 19 at 11:12 pm

    Property Features for 212-940 Mckinley Pkwy

    General Information

    Standard status
    Active
    Size
    1,808 SF

    Listing office Real Broker, LLC

    Listing date Mar 25, 2026

    Source Exprealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC

    Investment Insights

    Based on property information with market context.

    This end-unit commercial space in Delano offers 1,520 finished square feet on the main level, complemented by a 288 square foot mezzanine. The layout is designed for versatility and efficiency. The mezzanine is suitable for a private office, lounge, or kitchenette, and features a walk-out balcony with views of peaceful wetlands. The property includes 20-foot ceilings, commercial-grade windows, abundant natural light, heated floors, and durable 5-inch concrete flooring with floor drains. Heating and cooling are provided by two ductless mini-split systems. Accessibility and functionality are enhanced by a 16 x 14 overhead door, a separate entry door, and a fire suppression system. A half bath is located on the main level. The end-unit positioning provides additional windows and enhanced privacy. Constructed with LP SmartSide siding and quality finishes, this space is suitable for various uses, including warehouse, workshop, office, showroom, hobby space, or garage. It is located in Delano’s premier commercial corridor.

    Key Highlights

    • Premier location in Delano's commercial corridor.
    • Versatile space suitable for warehouse, workshop, office, showroom, hobby space, or garage.
    • 1,520 sqft main level plus 288 sqft mezzanine.

    Local Financial Insights For Flex RnD

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $39.7k $21.96
    − Vacancy −$2.0k −$1.10
    EGI $37.7k $20.86
    − OpEx −$13.2k −$7.30
    NOI $24.5k $13.56
    1,808 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $350.2K
    $306.5K – $408.6K (±1% cap)
    NOI $24,517 @ 7.0% cap · market cap 6.13%
    Second Best
    Warehouse
    $340.7K
    $298.1K – $397.5K (±1% cap)
    NOI $23,851 @ 7.0% cap · market cap 5.96%
    Theoretical Best
    Office A
    $431.4K
    $377.4K – $503.3K (±1% cap)
    NOI $30,195 @ 7.0% cap · market cap 7.55%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    HVAC Service Furniture & Home Goods Barber Shop Computer & Electronic Repair Catering Service Law Firm Kitchen & Bath Showroom Home Appliance Store Plumbing Service Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Flex space - End-unit commercial space with flexible layout and quality finishes.
    Where is this flex space located?
    The property is located at 212-940 Mckinley Pkwy Delano, MN.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Premier location in Delano's commercial corridor.; Versatile space suitable for warehouse, workshop, office, showroom, hobby space, or garage.; 1,520 sqft main level plus 288 sqft mezzanine.
    Contact an agent
    (763) 402-2358
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    Tonia Detweiler
    Tonia Detweiler
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