Minneapolis · Commercial sale
Rachel Development buys 1975 Hamel Rd in Medina for $6 million
A farm at 1975 Hamel Rd, Medina sold for $6,000,000 on August 19, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $6,000,000
- Sold
- August 19, 2026
- Property type
- Farm
- Lot size
- 3,911,252 sq ft
A farm at 1975 Hamel Rd in Medina sold for $6,000,000 on August 19, 2026, according to the Certificate of Real Estate Value filed with the Minnesota Department of Revenue. The Assessor's records list its market value at $560,300.
The deed conveys 2 parcels, with 1975 Hamel Rd identified as the largest one.
The record lists Dellcroft Farms, LLLP as the seller and Rachel Development, Inc. as the buyer. The Assessor's records show a 89.79-acre lot.
What this sale costs to close
What does closing cost at this price? Under Hennepin County custom the seller's larger charges are $20,400 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $11,475 for the owner's title insurance policy. The seller's estimated net is $5,925,910 before brokerage commissions and any loan payoff. A cash buyer would need about $5,958,676 at closing.
Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1911391. Property details: Hennepin County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
