End-Unit Flex Warehouse
940 McKinley Parkway, Delano, MN 55328
- Added:
- Mar 25, 2026
- Days on Market:
- 80
- 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, Guest, Heated, Paved or Surfaced, Tandem
- Exterior features
- Brick/Stone, Metal, Other
- Standard status
- Active
- APN
- 107153000212
- Size
- 1,520 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 48
Utilities
- Heating system
- Ductless (Heating), Radiant
- Cooling system
- Ductless
Building Details
- Year built
- 2025
- Flooring type
- Concrete, Drainage
- Building materials
- Block, Frame
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Tonia Detweiler (763) 402-2358
Listing office Real Broker LLC 2355 Hwy 36 West, St. Paul, MN (612) 600-6000
Listing date Mar 25, 2026
MLS# 7037356
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
- Prime location in Delano's premier commercial corridor.
- Versatile space suitable for warehouse, workshop, office, showroom, hobby space, or garage.
- 1,520 sqft finished main level plus 288 sqft mezzanine with walk‑out balcony overlooking wetlands.
- High ceilings (20‑foot), abundant natural light, and durable 5” concrete flooring with floor drains.
- 16 x 14 overhead door, separate entry door, and fire suppression system already installed.
- Efficient heating and cooling with heated floors and two ductless mini‑split systems.
Overview
This end-unit commercial flex space offers 1,520 finished square feet on the main level with an additional 288-square-foot mezzanine. The configuration is designed for versatility, with an upper level that can support a private office, lounge, or kitchenette. The property includes performance-focused features such as 20-foot ceilings, commercial-grade windows, abundant natural light, heated floors, and durable 5-inch concrete flooring with floor drains.
Operational convenience is built in. The space features a 16 x 14 overhead door plus a separate entry door, and a fire suppression system is already in place. Two ductless mini-split systems provide heating and cooling, while a half bath on the main level adds practicality. Constructed with LP SmartSide siding, the exterior and interior finishes are positioned for long-term usability, and the end-unit orientation provides additional windows and enhanced privacy, including a walk-out balcony overlooking wetlands.
With its combination of loading capacity, flexible indoor improvements, and office-ready mezzanine space, the property fits a variety of tenants and owners seeking a work-and-display environment. The layout supports warehouse, workshop, office, showroom, hobby use, or an ultimate garage-style setup, with the upgrades throughout helping reduce time and spend to get operational.
Operational convenience is built in. The space features a 16 x 14 overhead door plus a separate entry door, and a fire suppression system is already in place. Two ductless mini-split systems provide heating and cooling, while a half bath on the main level adds practicality. Constructed with LP SmartSide siding, the exterior and interior finishes are positioned for long-term usability, and the end-unit orientation provides additional windows and enhanced privacy, including a walk-out balcony overlooking wetlands.
With its combination of loading capacity, flexible indoor improvements, and office-ready mezzanine space, the property fits a variety of tenants and owners seeking a work-and-display environment. The layout supports warehouse, workshop, office, showroom, hobby use, or an ultimate garage-style setup, with the upgrades throughout helping reduce time and spend to get operational.
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 | $33.4k | $21.96 |
| − Vacancy | −$1.7k | −$1.10 |
| EGI | $31.7k | $20.86 |
| − OpEx | −$11.1k | −$7.30 |
| NOI | $20.6k | $13.56 |
1,520 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$294.5K
$257.7K – $343.5K
NOI $20,612 @ 7.0% cap · market cap 5.15%
Second Best
Warehouse
$286.4K
$250.6K – $334.2K
NOI $20,051 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$362.6K
$317.3K – $423.1K
NOI $25,385 @ 7.0% cap · market cap 6.35%
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
- -93.811054
- Latitude
- 45.0523389
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Flexible end-unit layout with 20-foot ceilings, overhead loading, and upgraded finishes for a range of commercial uses.
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 $399,900.
What are key features of this property?
This property features: Prime location in Delano's premier commercial corridor.; Versatile space suitable for warehouse, workshop, office, showroom, hobby space, or garage.; 1,520 sqft finished main level plus **288 sqft mezzanine with walk‑out balcony overlooking wetlands.**
