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The World's Only Corn Palace is located in Mitchell, SD and admission is always FREE! With walls decorated with corn murals it is definitely a site to see! Today, the Corn Palace is more than the home of the festival or a point of interest of tourists. It is a practical structure adaptable to many purposes. Included among its many uses are industrial exhibits, dances, stage shows, meetings, banquets, proms, graduations arena for Mitchell High School and Dakota Wesleyan University as well as district, regional and state basketball tournaments. USA Today named the Corn Palace one of the top 10 places in America for high school basketball.