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Sold on 05/22/2026

122 Hamel Rd, Hamel, MN 55340

  • $515,000

    Last sold 05/22/2026 after 206 Days

  • 2

    bed

  • 4

    bath

  • 4,000

    Sqft ($129/Sqft)

Multi-family not for sale
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About 122 Hamel Rd

Property type Multi-family
Neighborhood
Year built 1936
HOA fee $0/month
Lot size 0.33 Acre
Movoto estimate
Rental estimate
Property 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.
Listed by
Listing Agent - George M Jacob
Listing Office - The Realty House
Source: Northstar MLS mls logo
MLS#6808973 • last updated 2 weeks ago
Movoto checked Northstar MLS for data 12 minutes ago
Overview
Heating Boiler
Levels/Style Two
MLS # 6808973
Type Residential Income
SubType Other
Property Tax 9710
Tax Assessment 9710
Foreclosure (Y/N) No
Short Sale (Y/N) No
Interior
Total # of Bathrooms 4
# Bedrooms 2
Accessibility Features None
Exterior
Construction Block, Frame, Stone
Parking Desc Parking Lot
Lot Desc Corner Lot, Tree Coverage - Light
Fencing None
Amenities / Utilities
Water Source City Water/Connected
Pool Desc None
Location
County Hennepin
Subdivision Plat Of Hamel
High School District Wayzata
APN 1211823410066
Zoning Business/Commercial, Residential-Multi-Family
Multifamily Details
Owner Pays Electricity, Gas, Heat, Insurance, Sewer, Taxes, Water
Total # of Units 4
Expense: Insurance 4800
Expense: Water/ Sewer 1032
Expense: Electricity 3800
Expense: Fuel 2785
Lot/ Land Details
Road Frontage City Street, Curbs, Paved Streets, Sidewalks
Present Use Yearly
Road Responsibility Public Maintained Road
$576K
Range: $524K-$627K
Last 30 days 
Rental est.: $2,275/month
Gross rent multiplier: 18.9
  • Jul 2026
    mls logo MLS # 6808973
  • Jul 3, 2026 Sold
    $595,000 (+8.2%)
  • May 22, 2026 Pending
    —
  • Apr 16, 2026 Price Change
    $549,900 (-7.6%)
  • Oct 27, 2025 Listed
    $595,000 (+53.7%)
  • May 2008
    Public Records
  • May 19, 2008 Sold
    $387,000
  • 122 Hamel Rd
    $515K
  • Plymouth - Wayzata
    $750K -3% y/y
  • 55340
    $685K 0% y/y
  • Hamel
    $599K
No chart available
Statistics calculated by Movoto

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7/10
Greenwood Elementary School
public Grades K-5
Wayzata Public School District
8/10
Wayzata West Middle School
public Grades 6-8
Wayzata Public School District
9/10
Wayzata High School
public Grades 9-12
Wayzata Public School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • MN
  • Hennepin County
  • Hamel
  • 55340
  • Plymouth - Wayzata
  • 122 Hamel Rd
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