10376 112th Ave - Freestanding FOR SALE


Milaca, MN 56353
$1,499,900 USD
763-245-6431
10376 112th Ave, Milaca, MN for Sale
$1,499,900 USD
Freestanding - FOR SALE
1/69
null | Request Cap Rate

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10376 112th Ave
Milaca, MN 56353


HIGHLIGHTS

  • Visible from State Highway 169
  • Turnkey Business
  • Includes Building, Business, Fixtures and Land

OVERVIEW

Exceptional Turnkey Event Venue & Catering Business Opportunity! Northern Lights Ballroom & Banquet Center is an established, purpose-built wedding venue and banquet center situated on approximately 5 acres in Milaca Minnesota. Constructed in 2006, the approximately 13,000-square-foot facility accommodates up to 400 guests and features a spacious ballroom with a soundproof divider, allowing flexible room configurations for both intimate gatherings and large-scale events. Additional amenities include a private dining room that also serves as a meeting room or deluxe bridal suite accommodating approximately 40–80 guests, an inviting front lobby with a portable bar and seating area, coat room, central sound system, private staff accommodations, and a dedicated laundry room. The property is fully equipped for efficient operations with a full commercial kitchen, walk-in cooler, walk-in freezer, active liquor license, compliant septic system, state-of-the-art fire sprinkler system with a dedicated water reservoir, and a parking area accommodating approximately 200 vehicles. The women's restroom features a private suite, providing added convenience for wedding parties and special events. Conveniently located just off U.S. Highway 169, the venue has earned an outstanding reputation for hosting weddings, corporate events, fundraisers, banquets, celebrations, and community gatherings, supported by a successful in-house catering operation and multiple revenue streams. This rare offering includes the real estate, established business, furniture, fixtures, equipment (FF&E), and goodwill, providing a true turnkey opportunity for hospitality operators, investors, or entrepreneurs seeking one of Central Minnesota's premier event destinations. Financial information is available to qualified buyers upon execution of a confidentiality agreement. Existing event bookings may be transferable to the Buyer, providing the opportunity for immediate future revenue. An interactive 3D Matterport® tour is available with the listing, providing prospective buyers with a comprehensive virtual walkthrough of the property's layout, event spaces, and operational areas.

FOR SALE DETAILS

PRICE

$1,499,900 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Northern Lights Ballroom & Banquet Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

5.02 AC

LAND SF

218,671 SF

ZONING

Business Commercial

APN/PARCEL ID

12-013-2208

ASK ABOUT THIS PROPERTY

Carrie Moline GibbsCentury 21 Moline Realty, Inc.More Info
763-245-6431

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Carrie Moline GibbsCentury 21 Moline Realty, Inc.More Info
763-245-6431

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.