Industrial Flex Unit with 20-Foot
940 McKinley Parkway #408 Delano, MN 55328
940 McKinley Parkway #408, Delano, MN, 55328
$230,000
For Sale
$230,000
Flex unit includes 5-inch concrete floors, floor drains, and 20-foot ceilings, with 14' x 14' wide roll-up garage door.
Property Size1,120 SF
Price / SF$205.36
Days on Market121
Property Features for 940 McKinley Parkway #408
General Information
- Standard status
- Active
- Size
- 1,120 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2026
Listing agency
eXp Realty
(612) 695-0167
Listed by
Martin Turner
(612) 695-0167
Source
Juverealestate
Added: Mar 24 Updated: Jul 21 at 11:38AM Checked: Jul 21 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
Investment Insights
Based on property information with market context.
This industrial flex unit is designed for adaptable use and offers a finished, high-capacity interior. The space features 5-inch concrete floors with floor drains and 20-foot ceilings. The unit includes commercial-grade windows and a 14' wide by 14' tall entry/garage opening, along with fire suppression and in-floor radiant heating. Utilities and infrastructure are in place with 3-phase power, AC, and water and sewer service, plus a roughed-in bathroom. Additional interior build-outs are available, and a mezzanine level may be added to increase usable area.
The offering is part of Phase 3, with reservations currently being accepted for completion in late June 2026.
The offering is part of Phase 3, with reservations currently being accepted for completion in late June 2026.
Key Highlights
- Year built 2026: Phase 3 private flex units available for reservation, with completion targeted for late June 2026
- 5‑inch concrete floors with floor drains and 20‑foot ceilings
- 14' x 14' wide roll‑up garage door, with commercial‑grade windows and entry door
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 | $24.6k | $21.96 |
| − Vacancy | −$1.2k | −$1.10 |
| EGI | $23.4k | $20.86 |
| − OpEx | −$8.2k | −$7.30 |
| NOI | $15.2k | $13.56 |
1,120 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$217.0K
$189.9K – $253.1K
NOI $15,188 @ 7.0% cap · market cap 6.60%
Second Best
Warehouse
$211.1K
$184.7K – $246.3K
NOI $14,775 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$267.2K
$233.8K – $311.8K
NOI $18,705 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex unit includes 5-inch concrete floors, floor drains, and 20-foot ceilings, with 14' x 14' wide roll-up garage door.
Where is this flex space located?
The property is located at 940 McKinley Parkway #408 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: Year built 2026: Phase 3 private flex units available for reservation, with completion targeted for late June 2026; 5‑inch concrete floors with floor drains and 20‑foot ceilings; 14' x 14' wide roll‑up garage door, with commercial‑grade windows and entry door
