Your complete guide to business transactions in Illinois' second largest city. Diverse economy, strategic location, and growing opportunities in the Fox Valley.
Aurora, the "City of Lights," is Illinois' second largest city and a major economic center in the Fox Valley region. With a diverse population and economy spanning manufacturing, healthcare, retail, and services, Aurora offers abundant opportunities for business buyers and sellers.
The city benefits from excellent transportation access via I-88 and Metra commuter rail, a diverse workforce, and ongoing downtown revitalization. Aurora's mix of established industries and emerging sectors creates a dynamic business environment with opportunities across multiple price points.
| Metric | Value |
|---|---|
| Population | 180,542 |
| Total Businesses | 8,500+ |
| Average Business Sale Price | $295,000 |
| Median Time to Sell | 10 months |
| Top Industries | Manufacturing, Healthcare, Retail, Restaurants, Professional Services |
| Region | Chicagoland (Fox Valley) |
| Counties | Kane, DuPage, Will, Kendall |
Aurora's size and diversity create strong opportunities for business sellers:
Aurora offers excellent value and diverse opportunities for business buyers:
Aurora offers more affordable real estate and labor costs than Naperville, with a larger and more diverse population. While Naperville has higher household incomes, Aurora provides excellent value and access to a broader customer base. Many businesses successfully serve both markets.
Aurora's downtown and riverfront areas have seen significant investment and revitalization. The Paramount Theatre district, RiverEdge Park, and new residential developments are creating opportunities for restaurants, entertainment, and retail businesses.
Yes, Aurora's diversity is a significant advantage. The large Hispanic community supports authentic restaurants, specialty retail, and professional services. Businesses that understand and serve diverse communities often find strong customer loyalty and growth opportunities.
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