For Sale: Milaca MLS# 7078341
Active
NEW!
$1,499,000
Commercial: 1 Story
Built 2006
5.02 acres
Milaca schools
MLS# 7078341
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Property Description
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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,499,000
Property Type:
Commercial
City:
Milaca
Garage Spaces:
0
County:
Mille Lacs
Year Built:
2006
State:
MN
Property Style:
1 Story
Zip Code:
56353
Interior
Flooring:
Carpet, Concrete Slab, Floor Drains, Heavy Duty, Tile, Vinyl
Appliances Included:
- Air-To-Air Exchanger
- Cooktop
- Double Oven
- Dryer
- Exhaust Fan
- Gas Water Heater
- Microwave
- Range
- Refrigerator
- Stainless Steel Appliances
- Washer
- Water Softener Owned
Basement Details:
None
Exterior
Stories:
One
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
13,000 ft2
Foundation Dimensions:
160x82
Handicap Accessible:
Fully Wheelchair
Road Responsibility:
Public Maintained Road
Heating System:
- Forced Air
- Zoned
Parking Features:
Gravel
Unit Amenities:
- Indoor Sprinklers
- Security Lights
- Security System
- Tile Floors
Road Frontage:
Highway
Roof Details:
- Asphalt
- Pitched
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
5.02
Geolocation:
45.697415, -93.639313
Inclusions:
Building, Business Assets, Business, Fixture/Equipment, Land
Lot Dimensions:
540 x 448 x 470 x 335 x 69 x 113
Zoning:
Business/Commercial
Farm
Topography:
Level
Schools
School District:
912
District Phone:
3209827210
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$14,518
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$14,694
Units
Total Units:
1
Miscellaneous
Current Use:
- Event Space
- Food Service
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
- Private Sewer
- Septic System Compliant - Yes
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
- Drilled
- Well
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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 Century 21 Moline Realty Inc.
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.