940 McKinley Parkway, Delano, MN 55328
- Added:
- May 7, 2026
- Days on Market:
- 52
- Last Refresh:
- Jun 27 at 8:06 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
- Exterior features
- Brick/Stone, Metal, Other
- Standard status
- Active
- APN
- 107153000108
- Size
- 1,568 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4144
Utilities
- Heating system
- Radiant
- Cooling system
- Ductless
Building Details
- Year built
- 2023
- Flooring type
- Concrete
- Roof type
- 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 May 7, 2026
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
- Turnkey car condo/business center unit with customized finishes, perfect for various uses.
- Potential for expansion with a mezzanine level, adding 448 SF.
- Features include 5" concrete floors with floor drain, 20’ high ceilings, and a 14' x 14' commercial‑grade garage door.
- Equipped with fire suppression and efficient in‑floor radiant heating.
- Includes ADA bathroom, 150 Amps of power, and a 40‑gallon water heater.
- Built in 2023 with attractive LP Smartside siding and commercial‑grade windows and entry door.
Overview
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 | $34.4k | $21.96 |
| − Vacancy | −$1.7k | −$1.10 |
| EGI | $32.7k | $20.86 |
| − OpEx | −$11.4k | −$7.30 |
| NOI | $21.3k | $13.56 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Delano
- County
- Wright
- State
- Minnesota
- Longitude
- -93.8116119
- Latitude
- 45.05280883
