Customizable Flex Space
For Sale
$335,000
410-940 Mckinley Pkwy, Delano, MN
Private unit customizable as office, warehouse, showroom, or garage.
Property Size2,128 SF
Price / SF$157.42
Days on Market207
Property Features for 410-940 Mckinley Pkwy
General Information
Standard status
Active
Size
2,128 SF
Listing Agency:
eXp Realty
(320) 500-4397
Listed By:
Martin Turner
(612) 695-0167
Source:
Exprealty
Added: Mar 24
Changed: Oct 7
Last Checked: Oct 16 at 11:38AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,856
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,120
$577.1K
Cap Rate 7%
$412,229
$412.2K
Cap Rate 9%
$320,622
$320.6K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$46.7K $21.96/SF
− Vacancy
−$2.3K −$1.10/SF
EGI
$44.4K $20.86/SF
− OpEx
−$15.5K −$7.30/SF
NOI
$28.9K $13.56/SF
Area
Wright County, MN
Vacancy
5.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,120
Cap Rate 7%
$412,229
Cap Rate 9%
$320,622
Alternative Uses
Best Use
Flex RnD
$412.2K
$360.7K – $480.9K
NOI $28,856 @ 7.0% cap · market cap 8.61%
Second Best
Industrial
$330.3K
$289.0K – $385.3K
NOI $23,118 @ 7.0% cap · market cap 6.90%
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Tables Ready Catering — 234 2nd St N, Delano, MN 55328
Frequently Asked Questions
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.
