440 Hamel Road, Medina, MN 55340

Property Description

Located in Medina's Uptown Hamel (UH) mixed-use district and Wayzata Public Schools (ISD 284), this rare 1.76-acre raw-land development opportunity combines mixed-use/higher-density residential potential with a highly regarded school district. Niche ranks Wayzata High School #1 among Minnesota public high schools in its 2026 rankings. Offered at $485,000, the unassigned-address parcel is on the north side of Hamel Rd between 492 Hamel Rd and 400 Hamel Rd, with Elm Creek Dr to the west and Hunter Dr slightly to the east. The site sits near newer multifamily development at 500 Hamel Rd and offers a natural setting with Elm Creek, wetland areas on three sides, and adjacency to Rainwater Nature Area. Seller estimates approximately 0.6 buildable acres and has prepared a 12-unit residential concept, subject to buyer verification, final site planning, engineering, environmental review, wetland/floodplain/watershed requirements, utilities, access, and City approvals. Potential fit for boutique multifamily, townhome/rowhome, compact residential, or mixed-use residential.