Franchise Businesses Market: ZIP 61704
Opportunity Score
80
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 61704 is an urban area with moderate foot traffic. with a population of 36,938 and household incomes above the national median ($93,107).
Area Profile
36,938
Population
$93,107
Median Income
+25% vs. national
Urban
Area Type
13.4/20
Foot Traffic
Walkable
Median Age: 36.7 —
mixed-age market, broad menu appeal.
College-Educated: 39.1% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 61704.
8
Business Consultants
2.2 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,140
2BR Fair Market Rent
$1,094
Median Gross Rent
$240 K
Median Home Value
15
Bank Branches
$1.5 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Related Businesses
- 8
- Bank Branches
- 15
vs. National Average
Median Income
+25% vs. $74,580
Walkability
+2.9 pts vs. national avg
Nearby Markets
61701
3.6 mi
Pop: 35,577
$55,882
Walk: 14.9
61761
4.0 mi
Pop: 53,404
$66,642
Walk: 11.2
61736
8.4 mi
Pop: 2,658
$107,127
61776
8.6 mi
Pop: 1,208
$111,354
Walk: 5.2
61705
9.7 mi
Pop: 12,973
$120,470
Walk: 8.2
61772
10.2 mi
Pop: 221
$128,750
Walk: 6.0
61745
10.5 mi
Pop: 4,506
$102,696
61748
11.2 mi
Pop: 2,612
$125,690
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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