Your complete guide to business transactions in Southern Illinois' university town. Market insights, local regulations, and expert resources.
Carbondale is the cultural and economic hub of Southern Illinois, home to Southern Illinois University Carbondale (SIU). With approximately 26,000 residents and a significant student population, Carbondale offers unique opportunities for businesses serving both the university community and the broader region.
The city serves as the commercial center for the Southern Illinois region, with healthcare, education, and retail as primary economic drivers. Major employers include SIU, Southern Illinois Healthcare, and various regional businesses. The Shawnee National Forest and outdoor recreation opportunities also attract tourism.
| Metric | Value |
|---|---|
| Population | 26,000 |
| Total Businesses | 1,200+ |
| Average Business Sale Price | $185,000 |
| Median Time to Sell | 9 months |
| Top Industries | Restaurants, Retail, Healthcare, Professional Services, Entertainment |
| Region | Jackson County / Southern Illinois |
Carbondale's university presence and regional importance create consistent demand for certain business types. Here's what you need to know about selling in the Carbondale market:
Carbondale offers affordable business opportunities with built-in customer bases. Here's what buyers should know:
Diverse dining serving students and community.
University-oriented and regional retail.
Medical practices serving the region.
Accounting, legal, and consulting services.
Bars, venues, and recreation businesses.
Hotels and tourism-related businesses.
SIU provides a steady customer base of students, faculty, and staff. However, businesses should plan for seasonal variations during breaks. The university also creates demand for student-oriented services and entertainment.
The Strip (South Illinois Avenue) is Carbondale's main commercial district adjacent to campus. It's a prime location for restaurants, bars, and retail serving the university community. Businesses here benefit from high foot traffic but face seasonal fluctuations.
Restaurants, entertainment venues, healthcare services, and professional services are in demand. Businesses serving both the university community and the broader Southern Illinois region tend to perform well.
Yes, SBA loans are available through regional lenders. Local community banks familiar with the Carbondale market often provide competitive terms. Seller financing is common given the smaller transaction sizes.
Get expert guidance for your Carbondale business transaction.