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940 Mckinley Pkwy Delano, MN 55328

OFF-MARKET Warehouses Google Maps
1,120 SF Built 2023
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 1,120 square foot warehouse unit, part of the West End Autoplex & Business Center in Delano, Minnesota (zip code 55328, located at 940 McKinley Pkwy), presents a prime owner-user investment opportunity. Built and renovated in 2023, this vacant unit is one of 42 within a four-building complex, each featuring a single story. The property boasts 14 dock-high doors, impressive 20-foot ceilings, and is zoned for commercial use. The unit's interior features 5-inch concrete floors with floor drains, commercial-grade windows and doors (14' wide x 14' tall), attractive LP Smartside siding, and fire suppression. In-floor radiant heating is installed, with options for additional heating and cooling via a split system. Three-phase power, water, and sewer are already plumbed in, and a roughed-in bathroom is included. The unit offers significant customization potential, allowing for expansion by combining with another unit or adding a mezzanine level (adding 448 square feet for a total of 1,568 square feet). Upgrades such as a mezzanine, ADA bathroom, additional bathroom, wet bar, or kitchenette are available. The asking price is $225,000, translating to $200.89 per square foot. Financing options, including a 10-year fixed rate at 8.75% or a 5-year balloon with 20-year amortization at 8.5%, are available through SSBT, with closings at Title Mark in Waconia. Financial documentation requirements include a personal financial statement, two years of personal and business tax returns, and a credit report.

Property profile

Verified
Property type Warehouses
Year built 2023
Total area 1,120 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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