Franchise Businesses Market: ZIP 60563
Opportunity Score
80
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60563 is an urban area with moderate foot traffic. with a population of 38,829 and household incomes well above the national median ($106,207).
Area Profile
38,829
Population
$106,207
Median Income
+42% vs. national
Urban
Area Type
11.2/20
Foot Traffic
Walkable
Median Age: 37.2 —
mixed-age market, broad menu appeal.
College-Educated: 46.5% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 60563.
26
Business Consultants
6.7 per 10K residents
3
Small Business Lenders
0.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,410
2BR Fair Market Rent
$1,786
Median Gross Rent
$420 K
Median Home Value
13
Bank Branches
$2.5 M deposits
Tips for Starting a Franchise Business in Illinois
- 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 $106,207. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Related Businesses
- 29
- Bank Branches
- 13
vs. National Average
Median Income
+42% vs. $74,580
Walkability
+0.7 pts vs. national avg
Nearby Markets
60555
2.6 mi
Pop: 14,758
$100,076
Walk: 7.9
60519
2.7 mi
Pop: 63
$153,125
60502
3.8 mi
Pop: 23,242
$150,421
Walk: 5.9
60504
3.9 mi
Pop: 38,861
$98,249
Walk: 10.7
60540
4.6 mi
Pop: 42,660
$155,866
Walk: 10.0
60564
5.8 mi
Pop: 47,243
$176,250
Walk: 8.8
60505
6.5 mi
Pop: 58,176
$70,306
Walk: 10.4
60189
6.7 mi
Pop: 30,866
$124,886
Walk: 11.7
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About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits