Customizable Flex Warehouse
403-940 Mckinley Pkwy Delano, MN 55328
403-940 Mckinley Pkwy, Delano, MN, 55328
$235,000
For Sale
$235,000
Phase 3 flex/warehouse units offer 5-inch concrete floors, 20-foot ceilings, and 14'x14' wide garage doors.
Property Size1,568 SF
Price / SF$149.87
Days on Market121
Property Features for 403-940 Mckinley Pkwy
General Information
- Standard status
- Active
- Size
- 1,568 SF
Listing agency
eXp Realty
(612) 695-0167
Listed by
Martin Turner
(612) 695-0167
Source
Exprealty
Added: Mar 24 Updated: Jul 21 at 6:18AM Checked: Jul 21 at 6:18AM
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 eXp Realty
Investment Insights
Based on property information with market context.
For sale: a private Phase 3 flex/warehouse unit designed for office/warehouse, workshop, showroom, or car garage use. Units feature 5-inch concrete floors with floor drains and 20-foot high ceilings, along with commercial-grade windows and a 14-foot wide by 14-foot tall entry/garage door. The exterior is finished with attractive LP Smartside lap siding.
Each unit is equipped with fire suppression and in-floor radiant heating, and the space is wired for 3-phase power with AC. Units are plumbed with water and sewer and include roughed-in plumbing for a bathroom.
Additional customization options are available, including the ability to add a mezzanine level to increase interior area. Upgrades may include adding a bathroom, wet bar, kitchenette, or other built-in amenities as part of a full unit customization. Reservations are being taken for Phase 3, scheduled to be completed in late June 2026.
Each unit is equipped with fire suppression and in-floor radiant heating, and the space is wired for 3-phase power with AC. Units are plumbed with water and sewer and include roughed-in plumbing for a bathroom.
Additional customization options are available, including the ability to add a mezzanine level to increase interior area. Upgrades may include adding a bathroom, wet bar, kitchenette, or other built-in amenities as part of a full unit customization. Reservations are being taken for Phase 3, scheduled to be completed in late June 2026.
Key Highlights
- Phase 3 flex/warehouse units with 5‑inch concrete floors, 20‑foot ceilings, and 14' x 14' wide/tall garage doors
- Commercial‑grade windows plus LP Smartside lap siding
- In‑floor radiant heating and fire suppression; add a split system for additional heating and/or cooling
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 | $34.4k | $21.96 |
| − Vacancy | −$1.7k | −$1.10 |
| EGI | $32.7k | $20.86 |
| − OpEx | −$11.4k | −$7.30 |
| NOI | $21.3k | $13.56 |
1,568 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$303.8K
$265.8K – $354.4K
NOI $21,263 @ 7.0% cap · market cap 9.05%
Second Best
Warehouse
$295.5K
$258.6K – $344.8K
NOI $20,685 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$374.1K
$327.3K – $436.4K
NOI $26,186 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Phase 3 flex/warehouse units offer 5-inch concrete floors, 20-foot ceilings, and 14'x14' wide garage doors.
Where is this flex space located?
The property is located at 403-940 Mckinley Pkwy Delano, MN.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Phase 3 flex/warehouse units with 5‑inch concrete floors, 20‑foot ceilings, and 14' x 14' wide/tall garage doors; Commercial‑grade windows plus LP Smartside lap siding; In‑floor radiant heating and fire suppression; add a split system for additional heating and/or cooling
