Minneapolis · Commercial sale

5 Pines buys 2666 Hamel Rd in Medina for $1.62 million

A vacant land at 2666 Hamel Rd, Medina sold for $1,620,000 on October 20, 2026. See the seller and buyer net sheets for this sale.

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Automated sale report from public sales records · How we make these · Published November 5, 2026

Sold October 20, 2026 · Hennepin County, Minnesota

Aerial view of 2666 Hamel Rd, Medina with the parcel outlined — Aerial photo: U.S. Geological Survey. Parcel outline: Hennepin County Assessor. The photo can predate the sale.

Sale price: $1,620,000
Sold: October 20, 2026
Property type: Vacant land
Lot size: 1,184,396 sq ft

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgOctober 20, 2026

Seller's estimated net sheet

2666 Hamel Rd, Medina

Sale price	$1,620,000
Prorations
Property tax proration (refund to seller)	$3,515.18
Title and settlement
Owner's title insurance policy	$3,810
Settlement / closing fee	$400
Transfer taxes and recording
State deed tax + Environmental Response Fund (Hennepin/Ramsey)	$5,508
Other costs
Wire / courier / payoff processing	$45
Total deductions	$9,763
Estimated net to seller	$1,613,752.18

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NetSheet.orgOctober 20, 2026

Buyer's estimated net sheet

2666 Hamel Rd, Medina

Purchase price (cash)	$1,620,000
Title and settlement
Settlement / closing fee	$400
Survey	$450
Transfer taxes and recording
Deed recording fee	$46
Prorations
Reimburse seller for prepaid taxes	$3,515.18
Closing costs and prepaids	$4,411.18
Estimated cash to close	$1,624,411.18

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What these figures assume

No brokerage commission is shown: commissions on commercial deals vary and are not in the public record.
The seller figure is before any loan payoff.
The buyer side assumes a cash purchase with no financing.
Annual property tax estimated at 1.10% of price ($17,820).
Title and settlement fees are typical estimates, not quotes.

Selling in Medina?

Hennepin County transfer tax and closing costs

The vacant land at 2666 Hamel Rd in Medina sold for $1,620,000 on October 20, 2026. The Certificate of Real Estate Value filed with the Minnesota Department of Revenue reports the sale.

The last sale before this one on record was $5,457 in 2024. The deed covers 2 parcels. 2666 Hamel Rd is the largest one we could identify.

The record lists The Nature Conservancy as the seller and 5 Pines, LLC as the buyer. Assessor's records list the parcel as vacant land of 1,184,396 square feet, with a market value of $398,000. No building appears in those records.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Hennepin County?

By our estimate, the seller's two largest charges, not counting prorations, were $5,508 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $3,810 for the owner's title insurance policy. Who pays what follows Hennepin County custom.

How much did the seller net?

By our estimate, the seller netted about $1,613,752. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $1,624,411 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

2666 Hamel Rd, Medina, MN.

Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1932920. 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.