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 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 with contingency
Price cut: $45.1K (4/16)
$549,900
122 Hamel Rd, Hamel, MN 55340
2beds
4baths
6,000sqft
Est.:
Other
Built in 1936
-- sqft lot
$-- Zestimate®
$92/sqft
$-- HOA
What's special
Prominent corner locationStrong visibilityTwo apartment unitsCorner lotTwo commercial retail units
- 200 days |
- 514 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
George M Jacob 612-867-6783,
The Realty House
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6808973
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 4
Heating
- Boiler
Features
- Basement: Block,Full,Other,Unfinished
Interior area
- Total structure area: 6,000
- Total interior livable area: 6,000 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: Other
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: $92/sqft
- Tax assessed value: $452,000
- Annual tax amount: $9,710
- Date on market: 10/28/2025
- Cumulative days on market: 21 days
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,718/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/16/2026 | Price change | $549,900-7.6%$92/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6808973 Report a problem | ||
| 10/28/2025 | Listed for sale | $595,000+53.7%$99/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6808973 Report a problem | ||
| 5/19/2008 | Sold | $387,000+166.9%$65/sqft |
Source: Public Record Report a problem | ||
| 1/22/1998 | Sold | $145,000$24/sqft |
Source: Public Record Report a problem | ||
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 | $4,865 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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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
A local agent can set up tours, give advice and negotiate with sellers.
- Minnesota
- Hennepin County
- Medina
- 55340
- 122 Hamel Rd
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