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For Sale:  Medina MLS# 6808973

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Active
$595,000
/mo Edit
Multi-family:  Other
Built 1936
4,000 sqft • 0.33 acres
Wayzata schools
MLS# 6808973
763-576-8286
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    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.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $595,000
    Price per sq ft: $149
    Property Type: Multi-family
    City: Medina
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1936
    State: MN
    Property Style: Other
    Zip Code: 55340
    Subdivision Name: Plat Of Hamel

    Interior

    Finished Area: 4,000 ft2
    Living Area: 4,000 ft2
    Basement Details:
    • Block
    • Full
    • Other
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 2,000 ft2
    Foundation Dimensions: 40x50
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Exterior Material: Stucco
    Roof Details:
    • Age Over 8 Years
    • Flat
    • Tar/Gravel

    Lot & Land

    Acres: 0.33
    Geolocation: 45.041037, -93.524995
    Lot Dimensions: 100 x 138 x 119 x 135
    Zoning:
    • Business/Commercial
    • Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • Some Trees

    Schools

    School District: 284
    District Phone: 763-745-5000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $9,710
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $9,710

    Income

    Annual Gross Income: None
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of The Realty House.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.