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122 Hamel Road, Hamel, MN 55340

$515,000

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Property Type: Multi-Family Bedrooms: 2 Baths: 4 Square Footage: 6,000 Lot Size (sq. ft.): 14,375 Status: Closed

Current Price: $515,000 List Date: 11/03/2025 Last Modified: 7/03/2026

Overview

Description

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.

Listing Details MLS# 6808973

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1936
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Main Floor Total SqFt: 2000
Above Ground SqFt: 4000
Below Grd Total SqFt: 2000
Total SqFt: 6000
Foundation Size: 2000
Style: (MF) Other
Total Finished Sqft: 4000.00
Lot Dimensions: 100x138x119x135
Acres: 0.33
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Basement: Concrete Block; Full; Unfinished; Other Construction Materials: Block; Frame; Stone Construction Status: Previously Owned Electric: 100 Amp Service; Circuit Breakers; Other Exterior: Stucco Fencing: None Financing Terms: Other Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler Lock Box Type: None Lot Description: Corner Lot; Tree Coverage - Light Owner Pays: Electricity; Gas; Heat; Insurance; Sewer; Taxes; Water Parking Characteristics: Parking Lot Pool Description: None Road Frontage: City Street; Curbs; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Flat; Tar/Gravel Sewer: City Sewer/Connected Stories: Two Unit 1 Cooling: Central Unit 2 Cooling: None Unit 3 Cooling: None Water: City Water/Connected

Contract Information

Off Market Date: 2026-05-22
Contingency: None
Closed Date: 2026-07-02
Original List Price: 595000
ListPrice: 549900
Sales Close Price: 515000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 122
Street Name: Hamel
Street Suffix: Road
Postal City: Hamel
County: Hennepin
State: MN
Zip Code: 55340
Complex/Dev/Subdivision: Plat Of Hamel

Assessments

Tax With Assessments: 9710
Assessment Balance: 0

Basement

Foundation Dimensions: 40x50
Concrete Block: Yes
Full: Yes
Unfinished: Yes
Other: Yes

More Information

Building Information

Finished SqFt Above Ground: 4000

Income and Expenses

Annual Electric Expense: 3800
Annual Fuel Expense: 2785
Annual Insurance Expense: 4800
Annual Water/Sewer Expense: 1032
Annual Caretaker Expense: 0
Annual Gross Expenses: 0
Annual Gross Income: 0
Annual Maintenance Expense: 0
Annual Net Income: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Misc Monthly Income: 0
Misc. Annual Income: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 23
Section#: 12
Township#: 118

Unit 1

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 28800
Finished SqFt: 2000
Full Baths: 2
Monthly Rent: 2400
No. of Units Like This: Yes
Total Baths: 2
Total Rooms: 2

Unit 2

Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 13200
Finished SqFt: 1000
Full Baths: Yes
Monthly Rent: 1100
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: Yes

Unit 3

Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 3
Annual Rent: 10800
Finished SqFt: 1000
Full Baths: Yes
Monthly Rent: 900
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: Yes

Unit Details

Total Units: 4

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: BLOCK 002 PLAT OF HAMEL LOTS 9 AND 10
Listing City: Hamel
Map Page: 90
Municipality: Medina
School District: Wayzata
School District Phone: 763-745-5000
Zip Plus 4: 5337
Property ID Number: 1211823410066
Tax Year: 2025
Tax Amount: 9710
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: Hwy 55 West to Souix Dr, South on Sioux Dr to Hamel Rod, East on Hamel Rd

Accessible

None: Yes

Construction Materials

Block: Yes
Frame: Yes
Stone: Yes

Construction Status

Previously Owned: Yes

Electric

100 Amp Service: Yes
Circuit Breakers: Yes
Other: Yes

Exterior

Stucco: Yes

Fencing

None: Yes

Financing Terms

Other: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Lock Box Type

None: Yes

Lot Description

Corner Lot: Yes
Tree Coverage - Light: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Heat: Yes
Insurance: Yes
Sewer: Yes
Taxes: Yes
Water: Yes

Parking Characteristics

Parking Lot: Yes

Pool Description

None: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes
Flat: Yes
Tar/Gravel: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

Unit 1 Cooling

Central: Yes

Unit 2 Cooling

None: Yes

Unit 3 Cooling

None: Yes

Listing Office: The Realty House

Last Updated: July - 03 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.