Your complete guide to business transactions in a premier university town. University of Illinois, Research Park, and innovation-driven economy.
Urbana is home to the University of Illinois at Urbana-Champaign, one of the nation's top research universities. This creates a unique economy driven by education, research, technology startups, and a highly educated population.
The Research Park at the University of Illinois hosts numerous tech companies and startups, while downtown Urbana features local shops, restaurants, and services. The university's 50,000+ students and thousands of faculty and staff create consistent demand for diverse businesses. Urbana's innovation ecosystem attracts entrepreneurs and investors.
| Metric | Value |
|---|---|
| Population | 41,752 |
| Total Businesses | 1,800+ |
| Average Business Sale Price | $265,000 |
| Median Time to Sell | 10 months |
| Top Industries | Technology, Restaurants, Retail, Professional Services, Healthcare |
| Region | Central Illinois |
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