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10376 112th Ave 12,000 SF Retail Building Milaca, MN 56353 $1,499,900 ($124.99/SF)
Investment Highlights
- Visible from State Highway 169
- Includes Building, Business, Fixtures and Land
- Turnkey Business
Executive Summary
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.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
C
Year Built
2006
Price
$1,499,900
Price Per SF
$124.99
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
5.02 AC
Zoning
Business Commercial
Parking
200 Spaces (16.67 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Freeway Visibility
- Restaurant
- Signage
- Wheelchair Accessible
- Air Conditioning
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 12-013-2208 | Total Assessment | $610,900 (2025) |
| Land Assessment | $94,700 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $516,200 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
12-013-2208
Land Assessment
$94,700 (2025)
Improvements Assessment
$516,200 (2025)
Total Assessment
$610,900 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
10376 112th Ave
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