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Franchise Businesses Market: ZIP 60502

Opportunity Score

76 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 60502 is an urban area with low foot traffic. with a population of 23,242 and household incomes well above the national median ($150,421).

23,242

Population

$150,421

Median Income

+102% vs. national

Urban

Area Type

5.9/20

Foot Traffic

Very Car-Dependent

Median Age: 38.7 — mixed-age market, broad menu appeal.

College-Educated: 41.4% — strong appetite for artisan/specialty food.

Franchise Businesses and related businesses in ZIP 60502.

Business Consultants

4.7 per 10K residents

Local cost levels affect space, labor, and operating expenses.

$2,390

2BR Fair Market Rent

$1,953

Median Gross Rent

$390 K

Median Home Value

Bank Branches

$480 K deposits

Franchise fees range from $10K to $100K+ depending on the brand. That's before buildout, equipment, or working capital. Read the FDD (Franchise Disclosure Document) line by line.
Royalties run 4-8% of gross revenue. Every month. Forever. That's gross, not net. Factor this into your break-even math from day one.
Talk to at least 10 existing franchisees before signing. The FDD lists every current and former franchisee. Call the ones who left. They'll be honest.
Territory protection matters. Some franchises let other franchisees open 2 miles away. Verify your exclusive territory in writing.
The median income here is $150,421. That gives you pricing room most markets don't offer. Don't underprice.