Customizable Office-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# 7042038
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 (with floor drains) and 20’ high ceilings.
- Wired with 3‑phase power, AC, and plumbed with water & sewer; roughed‑in bathroom.
- Equipped with fire suppression and in‑floor radiant heating; option to add a split system for additional heating/cooling.
- Commercial‑grade windows, entry door, and 14' wide x 14' tall garage door.
Overview
This for-sale private Phase 3 unit is designed to be customized into an office/warehouse, workshop, showroom, or similar specialty space. Options include adding a mezzanine level for additional area (noted as 608+ SF, for a total noted as 2,128+ SF). The interior includes 5-inch concrete floors with floor drains and 20-foot high ceilings. The building exterior features commercial-grade windows and attractive LP Smartside lap siding. Entry access includes an entry door and a 14' wide x 14' tall garage door. The unit is equipped with fire suppression, in-floor radiant heating, and 3-phase power with AC, along with water and sewer service, plus a roughed-in bathroom.
Located at 940 McKinley Parkway in Delano, Minnesota, this Business/Commercial, Industrial zoned unit is offered through reservations for Phase 3, scheduled for completion in late June 2026.
For buyers seeking a plug-and-play base with the ability to tailor the space, the combination of garage-door access, high ceilings, and utility readiness supports a range of light industrial and office-adjacent uses. With the included infrastructure for plumbing and power, plus the ability to select upgrades such as an added bathroom and kitchenette/wet bar features, the unit can be configured to match day-to-day operational and customer-facing needs.
Located at 940 McKinley Parkway in Delano, Minnesota, this Business/Commercial, Industrial zoned unit is offered through reservations for Phase 3, scheduled for completion in late June 2026.
For buyers seeking a plug-and-play base with the ability to tailor the space, the combination of garage-door access, high ceilings, and utility readiness supports a range of light industrial and office-adjacent uses. With the included infrastructure for plumbing and power, plus the ability to select upgrades such as an added bathroom and kitchenette/wet bar features, the unit can be configured to match day-to-day operational and customer-facing 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 8.49%
Second Best
Warehouse
$401.0K
$350.9K – $467.9K
NOI $28,072 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$507.7K
$444.2K – $592.3K
NOI $35,539 @ 7.0% cap · market cap 10.45%
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 - A private Phase 3 unit with high ceilings, radiant heat, and 14x14 garage access for flexible work and display 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 $340,000.
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 (with floor drains) and 20’ high ceilings.
