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.
Closed
$515,000
122 Hamel Rd, Hamel, MN 55340
2beds
4baths
4,000sqft
Other
Built in 1936
-- sqft lot
$-- Zestimate®
$129/sqft
$1,921 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,921/mo
Zestimate® history
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List your homeWhat's special
Prominent corner locationStrong visibilityTwo apartment unitsCorner lotTwo commercial retail units
Zillow last checked:
Listing updated:
Listed by:
George M Jacob 612-867-6783,
The Realty House
Bought with:
Rebekah Gran
Edina Realty, Inc.
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: 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: 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: $129/sqft
- Tax assessed value: $452,000
- Annual tax amount: $9,710
- Date on market: 10/28/2025
- Cumulative days on market: 210 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Sold | $515,000-6.3%$129/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6808973 Report a problem | ||
| 5/22/2026 | Pending sale | $549,900$137/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6808973 Report a problem | ||
| 4/16/2026 | Price change | $549,900-7.6%$137/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6808973 Report a problem | ||
| 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
| 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
Neighborhood: 55340
Nearby homes
- $236,0003 bd1 ba3k sqft3482 Sioux Dr, Hamel, MN 55340Off Market
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Nearby schools
GreatSchools rating
- 8/10Greenwood Elementary SchoolGrades: K-5Distance: 1.5 mi
- 9/10Wayzata West Middle SchoolGrades: 6-8Distance: 4.5 mi
- 10/10Wayzata High SchoolGrades: 9-12Distance: 0.8 mi
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- Minnesota
- Hennepin County
- Medina
- 55340
- 122 Hamel Rd
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