Flex Unit with Mezzanine
For Sale
Contact for pricing
940 McKinley Pkwy #404, Delano, MN 55328
Customizable industrial unit with office, workshop, showroom, and garage applications.
Property Size1,120 SF
Price / SF$205.36
Days on Market220
Property Features for 940 McKinley Pkwy #404
General Information
Standard status
Active
Size
1,120 SF
Class
A
Property subtype
Industrial, Mixed Use, Office, Retail
Zoning
Industrial
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
1
Three-Phase Power
Yes
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2026
Buildings
1
Stories
1
Listing Agency:
eXp Commercial
Listed By:
Martin "Marty" Turner · License #MN 40381279
(612) 695-0167
Source:
Crexi
Added: Mar 25
Changed: Oct 26
Last Checked: Oct 30 at 12:11PM
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 Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit #304 is a 1,120 SF flex space in Phase 3 of the West End Autoplex & Business Center, with completion planned for late June 2026. The layout can be configured for office, workshop, showroom, or personal garage use, with a roughed-in bathroom and options for additional interior improvements. A mezzanine can add 448 SF or more, creating 1,568+ SF of total space.
The unit includes 5” concrete floors with floor drains, 20’ ceilings, commercial-grade windows, and a 14' wide x 14' tall garage door. Three-phase power, AC, water, and sewer are provided, while in-floor radiant heating and fire suppression are included. Industrial zoning supports the property’s commercial flex-space configuration.
The unit includes 5” concrete floors with floor drains, 20’ ceilings, commercial-grade windows, and a 14' wide x 14' tall garage door. Three-phase power, AC, water, and sewer are provided, while in-floor radiant heating and fire suppression are included. Industrial zoning supports the property’s commercial flex-space configuration.
Key Highlights
- 1,120 SF Phase 3 flex unit at 940 McKinley Pkwy #304, Delano, MN 55328
- Mezzanine option adds 448 SF or more for 1,568+ SF
- 5” concrete floors with floor drains and 20’ high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,188
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,760
$303.8K
Cap Rate 7%
$216,971
$217.0K
Cap Rate 9%
$168,756
$168.8K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$24.6K $21.96/SF
− Vacancy
−$1.2K −$1.10/SF
EGI
$23.4K $20.86/SF
− OpEx
−$8.2K −$7.30/SF
NOI
$15.2K $13.56/SF
Area
Wright County, MN
Vacancy
5.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,760
Cap Rate 7%
$216,971
Cap Rate 9%
$168,756
Alternative Uses
Best Use
Flex RnD
$217.0K
$189.9K – $253.1K
NOI $15,188 @ 7.0% cap · market cap 6.60%
Second Best
Warehouse
$211.1K
$184.7K – $246.3K
NOI $14,775 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$267.2K
$233.8K – $311.8K
NOI $18,705 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Utilities to site
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 Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Customizable industrial unit with office, workshop, showroom, and garage applications.
Where is this flex space located?
The property is located at 940 McKinley Pkwy #404 Delano, MN.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1,120 SF Phase 3 flex unit at 940 McKinley Pkwy #304, Delano, MN 55328; Mezzanine option adds 448 SF or more for 1,568+ SF; 5” concrete floors with floor drains and 20’ high ceilings
