Private Office-Warehouse
For Sale
Contact for pricing
940 McKinley Pkwy #408, Delano, MN 55328
Private unit with 14' wide by 14' tall doors, 20' ceilings, concrete floors with drains, and 3-phase power.
Property Size1,120 SF
Price / SF$205.36
Days on Market195
Property Features for 940 McKinley Pkwy #408
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
Heavy 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: Sep 22
Last Checked: Oct 4 at 10:27AM
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
Investment Insights
Based on property information with market context.
This private flex/industrial unit is set up for office-warehouse, workshop, showroom, or garage-style use. The space features 5-inch concrete floors with floor drains and 20-foot high ceilings, along with commercial-grade windows. Entry and 14' wide by 14' tall garage doors support straightforward drive-up access, and the exterior includes attractive LP Smartside lap siding.
The unit is wired for 3-phase power and includes AC, with water and sewer connections already in place. Fire suppression and in-floor radiant heating are included, with the option to add a split system for additional heating and/or cooling. A bathroom is roughed in, and buyers can select additional upgrades or fully customize the unit layout.
Phase 3 is scheduled for completion in late June 2026, and reservations are being accepted.
The unit is wired for 3-phase power and includes AC, with water and sewer connections already in place. Fire suppression and in-floor radiant heating are included, with the option to add a split system for additional heating and/or cooling. A bathroom is roughed in, and buyers can select additional upgrades or fully customize the unit layout.
Phase 3 is scheduled for completion in late June 2026, and reservations are being accepted.
Key Highlights
- Phase 3 private unit (Year built 2026), available for reservations to be completed in late June 2026
- 14' wide x 14' tall commercial‑grade entry/garage doors, with 20' ceilings
- 5" concrete floors with floor drains
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.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Heavy power
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Private unit with 14' wide by 14' tall doors, 20' ceilings, concrete floors with drains, and 3-phase power.
Where is this flex space located?
The property is located at 940 McKinley Pkwy #408 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: Phase 3 private unit (Year built 2026), available for reservations to be completed in late June 2026; 14' wide x 14' tall commercial‑grade entry/garage doors, with 20' ceilings; 5" concrete floors with floor drains
