940 Mckinley Pkwy - Delano, MN 55328
- Warehouses
- 1,520 SF
Current Use by Public Records
- Warehouses
Property Details for 940 Mckinley Pkwy -
- Year built
- 2023
- Property size
- 1,520 SF
- Property type
- Warehouses
- Property subtype
- Retail properties
Description
This exceptional 1,520-square-foot commercial unit, located at 940 McKinley Pkwy - #212 in Delano, Minnesota, presents a prime investment opportunity. Built and renovated in 2023, this single-story space is part of a four-building complex and boasts a versatile design suitable for various uses, including creative office, flex space, or warehouse. The property features 20-foot ceilings, 14 dock-high doors, and commercial-grade windows and doors. The unit includes 5-inch concrete floors with floor drains, fire suppression, and is wired for three-phase power and AC, plumbed with water and sewer, and has a roughed-in bathroom. The permitted zoning is commercial. The asking price is $329,000, translating to $216.45 per square foot. Potential for expansion exists; adding a mezzanine level could increase the square footage to over 2,128 square feet. The unit is currently vacant and ready for immediate occupancy. The property is situated in Wright County, Minnesota, zip code 55328. Financing options may be available, including a 10-year fixed-rate fully amortized loan at 7.75% or a 5-year balloon with 20-year amortization at 7.5%, subject to credit approval and financial documentation. The property is expected to be delivered in late Spring 2025. Numerous upgrade options are available to customize the space to meet specific business needs.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Delano
- County
- Wright
- State
- Minnesota
- Longitude
- -93.8115
- Latitude
- 45.0521
