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Customizable Commercial Units For Sale

408-940 Mckinley Pkwy Delano, MN

Claim this Listing
For Sale
$230,000

Private units customizable as office, warehouse, showroom, or garage.

Property size:
1,568 SF
Price / SF:
$146/SF
Added:
Mar 24, 2026
Days on Market:
110
Last Refresh:
Jul 4 at 12:33 am

Property Features for 408-940 Mckinley Pkwy

General Information

Standard status
Active
Size
1,568 SF

Listing office eXp Realty

Listing date Mar 24, 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 eXp Realty


Investment Insights

Based on property information with market context.

Private units are available for purchase, customizable as an office, warehouse, workshop, showroom, or car cave/dream garage. An additional 448 or more square feet of space can be added by including a mezzanine level, bringing the total area to over 1,568 square feet. These high-quality units feature 5-inch concrete floors with floor drains and 20-foot high ceilings. Commercial-grade windows, an entry door, and a 14-foot wide by 14-foot tall garage door are included. The units are constructed with attractive LP Smartside lap siding and feature fire suppression with in-floor radiant heating. A split system can be added for additional heating and/or cooling. All units are wired with 3-phase power and AC, and plumbed with water and sewer. A roughed-in bathroom is included. Numerous upgrades are available, allowing for full customization of the unit. A bathroom, wet bar, kitchenette, or even a hot tub can be added. Reservations are currently being accepted for Phase 3, which is scheduled for completion in late June of 2026.

Key Highlights

  • Customizable for office/warehouse, workshop, showroom, or car cave/dream garage.
  • Potential to add a mezzanine level for 1,568+ SF of total space.
  • High‑quality construction with 5” concrete floors and 20’ high ceilings.

Local Financial Insights For Warehouse

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 $25.4k $16.20
− Vacancy −$1.1k −$0.68
EGI $24.3k $15.52
− OpEx −$3.7k −$2.33
NOI $20.7k $13.19
1,568 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 15.00%

Alternative Uses

Best Use
Flex RnD
$303.8K
$265.8K – $354.4K (±1% cap)
NOI $21,263 @ 7.0% cap · market cap 9.24%
Second Best
Warehouse
$295.5K
$258.6K – $344.8K (±1% cap)
NOI $20,685 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$374.1K
$327.3K – $436.4K (±1% cap)
NOI $26,186 @ 7.0% cap · market cap 11.39%
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.

Similar Off Market Nearby

  • Tables Ready Catering 234 2nd St N, Delano, MN 55328

FAQs

What type of property is this?
Flex space - Private units customizable as office, warehouse, showroom, or garage.
Where is this flex space located?
The property is located at 408-940 Mckinley Pkwy Delano, MN.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Customizable for office/warehouse, workshop, showroom, or car cave/dream garage.; Potential to add a mezzanine level for 1,568+ SF of total space.; High‑quality construction with **5” concrete floors** and **20’ high ceilings**.
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