Your complete guide to business transactions in this Southern Illinois regional hub. Market insights, local regulations, and expert resources.
Marion is the county seat of Williamson County and serves as a regional commercial hub for Southern Illinois. With approximately 18,000 residents and significant retail development, Marion offers business opportunities serving a large regional market at the intersection of I-57 and I-24.
The city features Illinois Star Centre Mall and extensive retail development along Main Street and Halfway Road. Marion serves as a shopping destination for much of Southern Illinois. The economy includes retail, healthcare (Heartland Regional Medical Center), restaurants, and professional services. The VA Medical Center also contributes to the local economy.
| Metric | Value |
|---|---|
| Population | 18,000 |
| Total Businesses | 1,200+ |
| Average Business Sale Price | $165,000 |
| Median Time to Sell | 10 months |
| Top Industries | Retail, Healthcare, Restaurants, Professional Services, Auto Services |
| Region | Williamson County / Southern Illinois |
Marion's role as a regional hub creates opportunities for business sellers. Here's what you need to know about selling in the Marion market:
Marion offers business opportunities in a regional market serving Southern Illinois. Here's what buyers should know:
Regional retail and shopping centers.
Medical practices and healthcare services.
Dining serving shoppers and residents.
Legal, accounting, and business services.
Auto repair and dealerships.
Hotels serving travelers and visitors.
Marion offers access to a large regional market, excellent interstate access at I-57 and I-24, healthcare anchor employers, and affordable business opportunities compared to urban markets.
Marion serves as a shopping and services destination for much of Southern Illinois. Businesses benefit from customers traveling from surrounding counties, particularly for retail, dining, and healthcare services.
Retail, healthcare services, restaurants, professional services, and hospitality businesses are in demand. Businesses that serve the regional market and complement existing retail tend to perform well.
Yes, SBA loans are available through Southern Illinois lenders. Local community banks often provide competitive terms. Seller financing is also common for qualified buyers.
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