940 Mckinley Pkwy Delano, MN 55328

Property Details for 940 Mckinley Pkwy

Year built

2023

Property size

1,120 SF

Property type

Warehouses

Property subtype

Retail properties

Description

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.

Location Insight

City

Delano

County

Wright

State

Minnesota

Longitude

-93.8115

Latitude

45.0521