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
$515,300 Zestimate®
$129/sqft
$2,132 Estimated rent
Home value
$515,300
$490,000 - $541,000
$2,132/mo
Zestimate® history
Owner options
List your home for rent
$2,132/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,132/mo
Rent Zestimate®
Refinance and save
$3,247/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,247/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
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 & neighborhood
Location
- Region: Hamel
- Subdivision: Plat Of Hamel
Other
Other facts
- 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 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
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$515,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$515,300
- Minnesota
- Hennepin County
- Medina
- 55340
- 122 Hamel Rd
Nearby cities
Nearby zip codes
Other Medina Topics
