Customizable Flex Space
410-940 Mckinley Pkwy Delano, MN
410-940 Mckinley Pkwy, Delano, MN, 00000
$335,000
For Sale
$335,000
Private unit customizable as office, warehouse, showroom, or garage.
Property Size2,128 SF
Price / SF$157.42
Days on Market117
Property Features for 410-940 Mckinley Pkwy
General Information
- Standard status
- Active
- Size
- 2,128 SF
Listing Agency
eXp Realty
(612) 695-0167
Listed by
Martin Turner
(612) 695-0167
Source
Exprealty
Added: Mar 24 Checked: Jul 17 at 7:51 pm
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.
A private unit is available for purchase, customizable as an office, warehouse, workshop, showroom, or car cave/dream garage. An additional 608 or more square feet of space can be added by incorporating a mezzanine level, bringing the total to over 2,128 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
- Highly customizable unit suitable for office/warehouse, workshop, showroom, or garage.
- Potential to add a mezzanine level, increasing space by 608+ SF (up to 2,128+ SF total).
- High‑quality construction with 5" concrete floors, floor drains, and 20’ high ceilings.
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 | $46.7k | $21.96 |
| − Vacancy | −$2.3k | −$1.10 |
| EGI | $44.4k | $20.86 |
| − OpEx | −$15.5k | −$7.30 |
| NOI | $28.9k | $13.56 |
2,128 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$412.2K
$360.7K – $480.9K
NOI $28,856 @ 7.0% cap · market cap 8.61%
Second Best
Warehouse
$401.0K
$350.9K – $467.9K
NOI $28,072 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$507.7K
$444.2K – $592.3K
NOI $35,539 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Tables Ready Catering — 234 2nd St N, Delano, MN 55328
FAQs
What type of property is this?
Flex space - Private unit customizable as office, warehouse, showroom, or garage.
Where is this flex space located?
The property is located at 410-940 Mckinley Pkwy Delano, MN.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Highly customizable unit suitable for office/warehouse, workshop, showroom, or garage.; Potential to add a mezzanine level, increasing space by 608+ SF (up to 2,128+ SF total).; High‑quality construction with 5" concrete floors, floor drains, and 20’ high ceilings.
