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940 Mckinley Pkwy Delano, MN 55328

OFF-MARKET Warehouses Google Maps
1,932 SF Built 2023
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This 1,932 square foot warehouse unit in Delano, Minnesota, presents a prime owner-user investment opportunity. Located at 940 McKinley Pkwy, 55328, this vacant unit is part of a 2023-built, four-building complex featuring 20-foot ceilings and 14 dock-high doors. The property boasts 42 units total and sits on a single story. The unit is zoned for commercial use and offers a multitude of potential uses, including office/warehouse space, workshop, showroom, or even a customized garage. Upgrades are available, including a mezzanine level (adding 672 square feet for a total of 2,604 square feet), an ADA bathroom, painting, and epoxy flooring. High-quality construction includes 5-inch concrete floors with floor drains, commercial-grade windows and doors (16' wide x 14' tall), attractive LP Smartside siding, and fire suppression. In-floor radiant heating is installed, with options for additional heating and cooling. All units are wired for three-phase power and plumbed for water and sewer. A roughed-in bathroom is included. The asking price is $349,000, or $180.64 per square foot. Financing options may be available.

Property profile

Verified
Property type Warehouses
Year built 2023
Total area 1,932 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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