Customizable Flex Space
For Sale
Contact for pricing
940 McKinley Pkwy #406, Delano, MN 55328
Industrial-zoned unit supports office, workshop, showroom, or garage configurations with utilities and a roughed-in bathroom.
Property Size1,120 SF
Price / SF$205.36
Days on Market206
Property Features for 940 McKinley Pkwy #406
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
Sprinkler System
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
Source:
Crexi
Added: Mar 25
Changed: Oct 7
Last Checked: Oct 16 at 9:04AM
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 306 at 940 McKinley Pkwy in Delano is a 1,120 SF flex space within Phase 3 of the West End Autoplex & Business Center. The unit can be configured for office, warehouse, workshop, showroom, or garage use. Building features include 5-inch concrete floors with floor drains, 20-foot ceilings, commercial-grade windows, and a 14' wide by 14' tall garage door. LP SmartSide lap siding adds a durable exterior finish.
The space includes fire suppression, in-floor radiant heating, three-phase power, AC, and water and sewer connections. A bathroom is roughed in, with additional customization options available. A 448 SF mezzanine can expand the unit to 1,568+ SF. Phase 3 is scheduled for completion in late June 2026, and the property is zoned Industrial.
The space includes fire suppression, in-floor radiant heating, three-phase power, AC, and water and sewer connections. A bathroom is roughed in, with additional customization options available. A 448 SF mezzanine can expand the unit to 1,568+ SF. Phase 3 is scheduled for completion in late June 2026, and the property is zoned Industrial.
Key Highlights
- 1,120 SF private flex space unit in Phase 3
- Industrial zoning with office, warehouse, workshop, showroom, and garage configurations
- 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
Sprinkler system
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 - Industrial-zoned unit supports office, workshop, showroom, or garage configurations with utilities and a roughed-in bathroom.
Where is this flex space located?
The property is located at 940 McKinley Pkwy #406 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 private flex space unit in Phase 3; Industrial zoning with office, warehouse, workshop, showroom, and garage configurations; 5” concrete floors with floor drains and 20’ high ceilings
