Excellent investment or redevelopment opportunity in the heart of Uptown Hamel. This two-story mixed-use building, built in 1936, is positioned on a 0.33-acre corner lot at Hamel Road and Sioux Drive, offering strong visibility and access within Medina’s Uptown Hamel District. The Commercial property next door is also for sale to create a bigger potential development.
The main level currently features two commercial retail units, both occupied by local businesses, while the upper level includes two apartment units providing additional rental income. The structure shows its age and would benefit from updates and repair, but offers solid bones and versatile zoning (UH – Uptown Hamel District) that supports a wide range of commercial and residential uses.
With its classic small-town character, prominent corner location, and mixed-use potential, this property presents a value-add opportunity for an investor, owner-occupant, or developer looking to be part of Hamel’s ongoing revitalization.
Active
$595,000
122 Hamel Rd, Hamel, MN 55340
2beds
4baths
4,000sqft
Est.:
Multi Family
Built in 1936
-- sqft lot
$558,300 Zestimate®
$149/sqft
$-- HOA
What's special
Prominent corner locationStrong visibilityTwo apartment unitsCorner lotTwo commercial retail units
- 155 days |
- 760 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: January 26, 2026 at 09:26am
Listed by:
George M Jacob 612-867-6783,
The Realty House
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6808973
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 4
Heating
- Boiler
Features
- Basement: Block,Full,Other,Unfinished
Interior area
- Total structure area: 4,000
- Total interior livable area: 4,000 sqft
- Finished area above ground: 4,000
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Lot
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Pool features: None
- Fencing: None
Lot
- Size: 0.33 Acres
- Dimensions: 100 x 138 x 119 x 135
- Features: Corner Lot, Tree Coverage - Light
Details
- Foundation area: 2000
- Parcel number: 1211823410066
- Zoning description: Business/Commercial,Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Frame, Stone
- Roof: Age Over 8 Years,Flat,Tar/Gravel
Condition
- New construction: No
- Year built: 1936
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service, Other
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Plat Of Hamel
Location
- Region: Hamel
Financial & listing details
- Price per square foot: $149/sqft
- Tax assessed value: $452,000
- Annual tax amount: $9,710
- Date on market: 10/28/2025
- Cumulative days on market: 74 days
- Road surface type: Paved
Estimated market value
$558,300
$530,000 - $586,000
$1,753/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/28/2025 | Listed for sale | $595,000+53.7%$149/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6808973 Report a problem | ||
| 5/19/2008 | Sold | $387,000+166.9%$97/sqft |
Source: Public Record Report a problem | ||
| 1/22/1998 | Sold | $145,000$36/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,710 +8.9% | $452,000 -1.3% |
| 2024 | $8,917 -7.4% | $458,000 +7.8% |
| 2023 | $9,631 +0.7% | $425,000 +2.4% |
| 2022 | $9,569 -0.3% | $415,000 +8.6% |
| 2021 | $9,595 +0.9% | $382,000 +158.1% |
| 2020 | $9,513 -0.8% | $148,000 +5% |
| 2019 | $9,595 +0.9% | $141,000 +5.2% |
| 2018 | $9,513 +5.3% | $134,000 -55.3% |
| 2017 | $9,036 +6.6% | $300,000 +2.7% |
| 2016 | $8,474 -1.6% | $292,000 +1.4% |
| 2015 | $8,611 -3% | $288,000 |
| 2014 | $8,881 -0.3% | $288,000 |
| 2013 | $8,908 +3.8% | $288,000 |
| 2012 | $8,583 +0.9% | $288,000 -5.6% |
| 2011 | $8,503 +10.3% | $305,000 -10% |
| 2010 | $7,712 -5.7% | $338,800 -9.7% |
| 2009 | $8,174 +118.3% | $375,000 +24% |
| 2006 | $3,744 +8.2% | $302,400 +7% |
| 2005 | $3,461 +3.2% | $282,700 +10% |
| 2004 | $3,353 +3.3% | $257,000 +30.1% |
| 2002 | $3,245 -33.3% | $197,500 |
| 2001 | $4,865 | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,648/mo
Principal & interest
$3068
Property taxes
$580
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Climate risks
Neighborhood: 55340
Nearby schools
GreatSchools rating
- 8/10Greenwood Elementary SchoolGrades: K-5Distance: 1.5 mi
- 8/10Wayzata West Middle SchoolGrades: 6-8Distance: 4.6 mi
- 10/10Wayzata High SchoolGrades: 9-12Distance: 0.8 mi
Local experts in 55340
- Minnesota
- Hennepin County
- Medina
- 55340
- 122 Hamel Rd
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