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$595,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 2 Total Beds
  • Updated 10 days ago
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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.

Full Property Details for 122 Hamel Rd

General

  • Price: $595,000
  • Taxes: $9,710 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6808973
  • Updated: 12/15/2025
  • Added to Site: 86 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 2

Parking

  • Parking Features: Parking Lot

Location

  • County: Hennepin
  • Township: Medina
  • Subdivision: Plat Of Hamel
  • Driving Directions: Hwy 55 West to Souix Dr, South on Sioux Dr to Hamel Rod, East on Hamel Rd

School Information

  • School District: 1280 - Wayzata
  • High School District: Wayzata

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Block, Frame, Stone
  • Basement: Yes
  • Basement Desc.: Block, Full, Other, Unfinished
  • Foundation Size: 2000
  • Roof: Age Over 8 Years, Flat, Tar/Gravel
  • Disability Access: None
  • Square Feet: 4,000
  • Above Ground: 4,000 Sq. Ft.
  • Below Ground: 2,000 Sq. Ft.
  • Year Built: 1936

Lot Features

  • Lot Size (Acres): 0.33
  • Lot Dimensions: 100 x 138 x 119 x 135
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks
  • Zoning: Business/Commercial, Residential-Multi-Family
  • Lot Description: Corner Lot, Light Tree Coverage

Financial Considerations

  • Tax Amount: $9,710
  • Tax Year: 2025
  • Owner Pays: Electricity, Gas, Heat, Insurance, Sewer, Taxes, Water
  • Pays Electric: Owner Pays
  • Pays Gas: Owner Pays
  • Pays Heat: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: BLOCK 002 PLAT OF HAMEL LOTS 9 AND 10
  • Property ID: 1211823410066

Listed by The Realty House

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— 122 Hamel Rd —

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Schools serving 122 Hamel Rd

School District:Wayzata Public School District
NameGradesDistance
Greenwood Elementary School, Plymouth, MN
18005 Medina Rd, Plymouth, MN 55447
K-51.5 mi
Wayzata West Middle School
149 Barry Avenue North, Wayzata, MN 55391
6-84.5 mi
Wayzata High School
4955 Peony Lane North, Plymouth, MN 55446
9-120.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 122 Hamel Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/22/2025
Listed
$595,000
53.75%
MLS
5/01/2008
Sold
$387,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 122 Hamel Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,710
9%
$194,000
11%
2023
$8,917
-7%
$175,000
6%
2023
$9,631
—
$165,000
7%
2023
$9,631
1%
$154,000
-57%
2020
$9,513
3%
$358,000
5%
2019
$9,197
2%
$341,000
4%
2018
$9,036
7%
$328,000
9%
2017
$8,474
-2%
$300,000
3%
2016
$8,611
-3%
$292,000
1%
2015
$8,881
-3%
$288,000
—
2014
$9,192
3%
$288,000
—
2013
$8,908
—
$288,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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122 Hamel Road, Hamel, MN 55340 (MLS# 6808973) is a Multi-Family property with 4 units containing 2 bedrooms and 0 full bathrooms. 122 Hamel Road is currently listed for $595,000 and was received on October 22, 2025. Want to learn more about 122 Hamel Road? Do you have questions about finding other Multi-Family real estate for sale in Hamel? You can browse all Hamel real estate or contact a Coldwell Banker agent to request more information.

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