For Sale: Hamel MLS# 7015396
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Property Description
Conveniently located just off Highway 55, this expansive 37.22-acre property features open, gently rolling terrain and offers a rare combination of space, privacy, and long-term potential. Portions of the land are currently leased at $225 per acre, totaling 17.82 leased acres. With several recent major sales nearby, the area shows strong indicators for future value, making this an ideal opportunity to establish a homestead while maintaining flexibility for future use. The prior homestead has been removed, and any new construction would require new well and septic approvals. Additional property and development information is available in the supplements. Situated in the Urban Reserve of Corcoran, the property offers multiple future-use pathways. It may be eligible for subdivision through Hennepin County’s Cluster Option and Open Space & Preservation (OS&P) framework, which allows clustered residential lots while preserving significant open space, subject to city and county approvals. Alternatively, the property offers an excellent opportunity for a private estate or, through plat approval, a multi-generational family compound created by subdividing into up to four single-family homesites. Corcoran spans nearly 36 square miles—comparable in size to Maple Grove or Plymouth—and is located along the western edge of Hennepin County. Despite steady growth, the city retains a charming rural character, blending residential neighborhoods, rural homesteads, and active farms. Home to approximately 5, 500 residents, Corcoran also provides convenient access to Hennepin County’s extensive park system, with over 27, 000 acres of parks and trails.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,250,000
Property Type:
Lot/Land
City:
Hamel
County:
Hennepin
Year Built:
1930
State:
MN
Property Style:
Lot/Land
Zip Code:
55340
Exterior
Fencing:
None
Road Frontage:
- Township
- Unpaved Streets
Lot & Land
Acres:
37.22
Geolocation:
45.067315, -93.591906
Inclusions:
None
Lot Dimensions:
Irregular
Wooded Acres:
11
Restrictions:
Open
Zoning:
Other
Lot Description:
- Green Acres
- Irregular Lot
- Tree Coverage - Medium
Farm
Farm Type:
None
Crop Type:
None
Tillable Acres:
18
Pasture Acres:
8
Topography:
High Ground, Level, Rolling, Sloped
Schools
School District:
2319
District Phone:
7634779165
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$991
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$991
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Development Status:
Raw Land
Improvements:
None
Available Utilities:
- None Available
- None Connected
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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!
Listing provided by RMLS,
courtesy of RE/MAX Advantage Plus.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.