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940 Mckinley Pkwy Delano, MN 55328

Sponsored
For Sale
$225,000

1,120 SF Warehouse, $225K, Vacant

Property size:
1,120 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This 1,120-square-foot warehouse unit, located at 940 McKinley Pkwy in Delano, Minnesota, presents a prime investment opportunity. Built and renovated in 2023, this vacant unit is part of a four-building, 42-unit complex. The property features 20-foot ceilings, 14 dock-high doors, and 5" concrete floors with floor drains. High-quality construction includes commercial-grade windows and doors, attractive LP Smartside siding, and fire suppression. The unit is wired for three-phase power and plumbed for water and sewer, with a roughed-in bathroom. A mezzanine level can be added, increasing the space to 1,568 square feet. The unit is zoned for commercial use and offers flexibility for various purposes, including office/warehouse, workshop, showroom, or even a personal garage. Upgrades are available, allowing for customization to meet specific needs. Financing options include a 10-year fixed-rate loan at 8.75% or a 5-year balloon with 20-year amortization at 8.5%, as of December 1, 2023. All financing closes at Title Mark in Waconia. For financing, a personal financial statement, two years of personal and business tax returns, and a credit report are required. A 20% cash down payment or more is required on the purchase price, including upgrades. The purchase can be made through a real estate holding company with a personal guarantee from the buyer.

Property Features for 940 Mckinley Pkwy

General Information

Property type
Distribution properties
Square Feet
1,120 SF

Building Details

Year Built/Renovated
2023/2023
Buildings
4
Stories
1
Units
42

HighLights

  • 20%+ cash down payment required for purchase, including unit upgrades.
  • Purchase via a newly formed or existing real estate holding company is acceptable with personal guarantee from the buyer.
  • Financing terms current as of December 1, 2023.
  • 10‑year fixed‑rate, fully amortized loan at 8.75% available.
  • 5‑year balloon loan with 20‑year amortization at 8.5% available.
  • All SSBT‑financed projects close at TitleMark in Waconia; upgrade funds held in escrow and disbursed upon project completion.
Property Profile Location Intelligence

Current Use by Public Records

Self storage facilities

Suggested Use

Realty agency Auto Parts Store Bakery Pet Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Delano
County
Wright
State
Minnesota
Longitude
-93.8115
Latitude
45.052104

FAQs

What type of property is this?
Distribution property - 1,120 SF Warehouse, $225K, Vacant
Where is this distribution property located?
The property is located at 940 Mckinley Pkwy Delano, MN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 20%+ cash down payment required for purchase, including unit upgrades.; Purchase via a newly formed or existing real estate holding company is acceptable with personal guarantee from the buyer.; Financing terms current as of December 1, 2023.
More about this property
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