940 Mckinley Pkwy Delano, MN 55328

Property Details for 940 Mckinley Pkwy

Year built

2023

Property size

1,932 SF

Property type

Warehouses

Property subtype

Retail properties

Description

This 1,932-square-foot warehouse unit in Delano, Minnesota's West End Autoplex & Business Center is a prime investment opportunity. Built in 2023, this vacant unit boasts 20-foot ceilings, 14 dock-high doors, and 5" concrete floors with floor drains. The unit features commercial-grade windows and doors (16' wide x 14' tall), attractive LP Smartside siding, and fire suppression. In-floor radiant heating is installed, with the option to add a split system for additional climate control. Three-phase power, water, and sewer are already plumbed in, and a roughed-in bathroom is included. The unit is part of a four-building complex with 42 units total, situated on 940 McKinley Pkwy, Delano, MN 55328, and is zoned for commercial use. A mezzanine level can be added, expanding the space to 2,604 square feet. The asking price is $349,000 ($180.64/sq ft). Upgrades such as a mezzanine, ADA bathroom, paint, and epoxy flooring are available. The property is suitable for various uses, including office/warehouse, workshop, showroom, or even a personal garage. The main floor can be expanded by combining it with another unit or creating a pass-through. Financing options include a 10-year fixed-rate loan at 8.75% or a 5-year balloon with 20-year amortization at 8.5% (as of December 1, 2023). A 20% cash down payment or more is required, along with a personal financial statement, two years of personal and business tax returns, and a credit report. The closing will take place at Title Mark in Waconia.

Location Insight

City

Delano

County

Wright

State

Minnesota

Longitude

-93.8115

Latitude

45.0521