Your complete guide to business transactions in this established north suburban village. Market insights, local regulations, and expert resources.
Niles is a well-established village in Cook County's north suburbs with a strong commercial base and diverse community. With approximately 30,000 residents and significant retail and service activity, Niles offers business opportunities in retail, restaurants, professional services, and healthcare.
The village is known for its major retail corridors along Golf Road and Milwaukee Avenue, including Golf Mill Shopping Center. The economy includes retail, restaurants, healthcare, professional services, and light manufacturing. Niles' proximity to O'Hare Airport and excellent highway access make it attractive for businesses serving the broader Chicago market.
| Metric | Value |
|---|---|
| Population | 30,000 |
| Total Businesses | 1,800+ |
| Average Business Sale Price | $295,000 |
| Median Time to Sell | 7 months |
| Top Industries | Retail, Restaurants, Healthcare, Professional Services, Auto Services |
| Region | Cook County / North Suburbs |
Niles' established commercial base and diverse community create opportunities for business sellers. Here's what you need to know about selling in the Niles market:
Niles offers established business opportunities in a well-developed commercial market. Here's what buyers should know:
Shopping centers and specialty retail.
Diverse dining and ethnic cuisine.
Medical and dental practices.
Financial, legal, and consulting services.
Auto repair and service businesses.
Salons, spas, and personal services.
Niles offers established retail corridors, diverse community, O'Hare proximity, excellent highway access, and a stable residential base providing consistent customer traffic.
Golf Mill Shopping Center draws significant customer traffic to the area, benefiting nearby businesses. The mall's anchor stores and diverse retail mix create spillover traffic for restaurants, services, and specialty retailers in the surrounding area.
Restaurants, retail stores, healthcare services, auto services, and personal care businesses are in demand. Ethnic restaurants and specialty retail serving 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 Niles business transaction.