Your complete guide to business transactions in this diverse west suburban village. Market insights, local regulations, and expert resources.
Melrose Park is a diverse village in Cook County's west suburbs with a strong Italian-American heritage and growing Hispanic community. With approximately 26,000 residents and significant industrial and commercial activity, Melrose Park offers business opportunities in manufacturing, healthcare, retail, and services.
The village is home to Gottlieb Memorial Hospital (part of Loyola Medicine) and numerous industrial operations. The economy includes manufacturing, distribution, healthcare, retail, and restaurants. Melrose Park's location provides excellent access to O'Hare Airport and major highways, making it attractive for logistics and distribution businesses.
| Metric | Value |
|---|---|
| Population | 26,000 |
| Total Businesses | 1,400+ |
| Average Business Sale Price | $225,000 |
| Median Time to Sell | 8 months |
| Top Industries | Manufacturing, Healthcare, Restaurants, Retail, Distribution |
| Region | Cook County / West Suburbs |
Melrose Park's industrial base and diverse community create opportunities for business sellers. Here's what you need to know about selling in the Melrose Park market:
Melrose Park offers diverse business opportunities in an industrial and commercial hub. Here's what buyers should know:
Industrial and manufacturing operations.
Medical practices and healthcare services.
Italian, Mexican, and diverse dining.
Local retail and specialty shops.
Warehousing and logistics operations.
Auto repair and service businesses.
Melrose Park offers affordable business opportunities, a strong industrial base, healthcare anchor, diverse community, and excellent transportation access near O'Hare Airport.
Melrose Park's Italian-American heritage and growing Hispanic community create opportunities for ethnic restaurants, specialty grocery stores, and services catering to specific communities. Understanding local demographics is key to success.
Manufacturing, distribution, healthcare services, restaurants, and retail are in demand. Businesses serving the industrial sector and those catering to the diverse community tend to perform well.
Yes, SBA loans are available through Cook County lenders. Local community banks often provide competitive terms. Seller financing is also common for qualified buyers.
Get expert guidance for your Melrose Park business transaction.