Customizable Flex Warehouse
940 McKinley Parkway, Delano, MN 55328
- Added:
- Mar 24, 2026
- Days on Market:
- 81
- Last Refresh:
- Jun 12 at 4:06 pm
Property Features for 940 McKinley Parkway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Business/Commercial,Industrial
- Parking features
- Driveway, Garage, Garage - Attached, Guest, Heated, Parking Lot, Paved or Surfaced, Tandem
- Exterior features
- Brick/Stone, Metal, Other
- Standard status
- Active
- APN
- TBD
- Size
- 2,128 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 0
Utilities
- Heating system
- Radiant
- Cooling system
- Ductless
Building Details
- Year built
- 2026
- Flooring type
- Concrete, Drainage
- Building materials
- Block, Frame
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Martin Turner (612) 695-0167
Listing office eXp Realty 4525 White Bear Parkway, White Bear Lake, MN (320) 500-4397
Listing date Mar 24, 2026
MLS# 7041962
Listing URL
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Highly customizable unit suitable for office/warehouse, workshop, showroom, or car cave/dream garage.
- Potential to add a mezzanine level for a total of 2,128+ SF of space.
- High‑quality construction with 5" concrete floors, floor drains, and 20’ high ceilings.
- Equipped with commercial‑grade windows, entry door, and a 14' wide x 14' tall garage door.
- Wired with 3‑phase power and AC, plumbed with water & sewer, and roughed‑in bathroom.
- Fire suppression system with in‑floor radiant heating.
Overview
This private flex warehouse unit is designed for customization as an office/warehouse, workshop, showroom, or private car cave/dream garage. The building includes 5-inch concrete floors with floor drains and 20-foot ceilings, along with commercial grade windows and a 14' wide by 14' tall entry/garage opening. The unit features attractive LP Smartside lap siding, fire suppression, and in-floor radiant heating, with the option to add a split system for additional heating and/or cooling. It is wired with 3-phase power and AC, plumbed with water and sewer, and includes rough-in for a bathroom. Additional upgrades are available, including options for adding a bathroom, wet bar, kitchenette, or other amenities. A mezzanine level can add another 608+ square feet to the base size of 2,128+ square feet.
Located at 940 McKinley Parkway in Delano, Minnesota, the project is in Phase 3. Reservations are currently being accepted, with completion planned for late June 2026. Zoning is listed as Business/Commercial, Industrial.
For buyers seeking a self-contained space that can support both work and customer-facing functions, the combination of high ceilings, drive-through-style access via the 14' wide door, and utility-ready systems (3-phase power, AC, water/sewer, and radiant heat) can simplify build-out planning. The roughed-in bathroom and mezzanine option provide additional paths to tailor the unit to specific operational needs.
Located at 940 McKinley Parkway in Delano, Minnesota, the project is in Phase 3. Reservations are currently being accepted, with completion planned for late June 2026. Zoning is listed as Business/Commercial, Industrial.
For buyers seeking a self-contained space that can support both work and customer-facing functions, the combination of high ceilings, drive-through-style access via the 14' wide door, and utility-ready systems (3-phase power, AC, water/sewer, and radiant heat) can simplify build-out planning. The roughed-in bathroom and mezzanine option provide additional paths to tailor the unit to specific operational needs.
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 Profile
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Delano
- County
- Wright
- State
- Minnesota
- Longitude
- -93.81172456
- Latitude
- 45.05153168
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Private flex warehouse with 20' ceilings, 5-inch concrete floors with drains, and 14' wide garage door for versatile use.
Where is this flex space located?
The property is located at 940 McKinley Parkway 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 car cave/dream garage.; Potential to add a mezzanine level for a total of 2,128+ SF of space.; High‑quality construction with 5" concrete floors, floor drains, and 20’ high ceilings.
