Customizable Flex
For Sale
$305,000
940 McKinley Parkway #402, Delano, MN 55328
Private commercial unit suited for office, warehouse, workshop, showroom, or garage use.
Property Size1,433 SF
Price / SF$212.84
Days on Market131
Property Features for 940 McKinley Parkway #402
General Information
Standard status
Active
Size
1,433 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
1
Three-Phase Power
Yes
Building Details
Building Size
1,433 SF
Year Built
2026
Listing Agency:
eXp Realty
(612) 695-0167
Listed By:
Martin Turner
(612) 695-0167
Source:
Juverealestate
Added: Mar 23
Changed: Jul 31
Last Checked: Jul 31 at 9:02AM
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.
Private flex units at 940 McKinley Parkway can be customized for office/warehouse, workshop, showroom, or car-cave use. Each 1,433 SF unit includes 5-inch concrete floors with floor drains, 20-foot ceilings, commercial-grade windows, an entry door, and a 14-foot-wide by 14-foot-tall garage door. LP SmartSide lap siding provides the exterior finish, while fire suppression and in-floor radiant heating are included.
Units are wired with 3-phase power and AC, plumbed with water and sewer, and include a roughed-in bathroom. Available upgrades include a bathroom, wet bar, kitchenette, hot tub, mezzanine, and other customization options. A mezzanine can add 608 or more SF, creating 2,041 + SF of space. Phase 3 is scheduled for completion in late June of 2026, with reservations now being accepted.
Units are wired with 3-phase power and AC, plumbed with water and sewer, and include a roughed-in bathroom. Available upgrades include a bathroom, wet bar, kitchenette, hot tub, mezzanine, and other customization options. A mezzanine can add 608 or more SF, creating 2,041 + SF of space. Phase 3 is scheduled for completion in late June of 2026, with reservations now being accepted.
Key Highlights
- 1,433 SF private flex unit at 940 McKinley Parkway #402, Delano, MN 55328
- 5‑inch concrete floors with floor drains and 20‑foot high ceilings
- 14' wide x 14' tall garage door with commercial‑grade windows and entry door
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 | $31.5k | $21.96 |
| − Vacancy | −$1.6k | −$1.10 |
| EGI | $29.9k | $20.86 |
| − OpEx | −$10.5k | −$7.30 |
| NOI | $19.4k | $13.56 |
1,433 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$277.6K
$242.9K – $323.9K
NOI $19,432 @ 7.0% cap · market cap 6.37%
Second Best
Warehouse
$270.1K
$236.3K – $315.1K
NOI $18,904 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$341.9K
$299.2K – $398.9K
NOI $23,932 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55328, MN
9,729
Population
3,684
Households
2.6
Avg Household Size
39
Median Age
42%
College-Educated
98%
High-School Grad
44.9 sq mi
ZIP Area
217
Density / Sq Mi
$118,036
Median Household Income
$65,990
Median Earnings
$927
Median Rent
$382,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Private commercial unit suited for office, warehouse, workshop, showroom, or garage use.
Where is this flex space located?
The property is located at 940 McKinley Parkway #402 Delano, MN.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 1,433 SF private flex unit at 940 McKinley Parkway #402, Delano, MN 55328; 5‑inch concrete floors with floor drains and 20‑foot high ceilings; 14' wide x 14' tall garage door with commercial‑grade windows and entry door
