The Minneapolis home and studio owned by the late music icon will be overseen by Bremer Trust, the same institution Prince trusted with his finances over the years. Graceland Holdings, the company that runs Elvis Presley's Graceland will manage the 65,000 square-foot complex.
Prince, 57, was found unresponsive in an elevator on April 21, and officials later revealed that the singer died of a fentanyl overdose.
"Opening Paisley Park is something that Prince always wanted to do and was actively working on," Prince's sister, Tyka Nelson, said in the statement, according to the Associated Press.
"Only a few hundred people have had the rare opportunity to tour the estate during his lifetime. Now, fans from around the world will be able to experience Prince's world for the first time as we open the doors to this incredible place," Nelson added.
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On the 70-minute museum tour, fans will be able to visit the studios where Prince recorded, produced and mixed his chart-topping hits as well as the soundstage where he rehearsed for tours and hosted exclusive private concerts.
In addition, thousands of artifacts from his personal archives including iconic concert wardrobe, awards, musical instruments, artwork, rare music and video recordings, concert memorabilia, automobiles and motorcycles.
Tickets go on sale online only on Friday at 2 p.m. CDT. No walk-ins allowed.
This article originally appeared on PEOPLE.com.