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Hamel,MN 55340
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $148
Subdivision Plat Of Hamel
MLS Listing ID 6808973
Style (MF) Other
Bedrooms 2
Year Built 1936
Annual Tax Amount $9,710
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 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.
Location
State MN
County Hennepin
Community Plat Of Hamel
Zoning Business/Commercial, Residential-Multi-Family
Interior
Heating Boiler
Flooring 14374.8
Exterior
Roof Type Age Over 8 Years,Flat,Tar/Gravel
Building
Lot Description Corner Lot,Tree Coverage - Light
Foundation Concrete Block
Water City Water/Connected
Structure Type Block,Frame,Stone