Niles, MI

Business Ideas & Market Opportunities

The Niles market is currently outpacing the national growth rate. Our analysis identifies 19 active sectors where local supply has not yet met the demand indicated by the national baseline.

Active Local Businesses

3,903

Total Competition Pool

Market Size

153K

Total Metro Population

5-Year Growth Rate

+4.6%

🔥 Outpacing US(+0.1% avg)

Underserved Sectors

57

Niches with LQ < 0.8

Analyst Tip

Viewing all opportunities. Use the View Mode toggle above to filter by business model, or search to find specific niches.

Showing 20 of 96 opportunities

General Warehousing and Storage

Growth
+275.0%
Scale
$835K PAY
Saturation
2.27
15 establishments

Tobacco Stores

Growth
+175.0%
Scale
$115K PAY
Saturation
1.33
11 establishments

Child and Youth Services

Growth
+100.0%
Scale
$357K PAY
Saturation
1.87
12 establishments

Snack and Nonalcoholic Beverage Bars

Growth
+52.9%
Scale
$193K PAY
Saturation
0.75
26 establishments

Engineering Services

Growth
+52.0%
Scale
$2.8M PAY
Saturation
1.49
38 establishments

Assisted Living Facilities for the Elderly

Growth
+50.0%
Scale
$658K PAY
Saturation
2.19
18 establishments

Fitness and Recreational Sports Centers

Growth
+42.9%
Scale
$298K PAY
Saturation
1.18
20 establishments

Lessors of Other Real Estate Property

Growth
+42.9%
Scale
$111K PAY
Saturation
2.94
10 establishments

All Other Amusement and Recreation Industries

Growth
+33.3%
Scale
$132K PAY
Saturation
1.82
16 establishments

Beer, Wine, and Liquor Stores

Growth
+31.8%
Scale
$128K PAY
Saturation
2.02
29 establishments

Other Individual and Family Services

Growth
+30.0%
Scale
$330K PAY
Saturation
0.87
13 establishments

Pet Care (except Veterinary) Services

Growth
+27.3%
Scale
$312K PAY
Saturation
1.37
14 establishments

Offices of Mental Health Practitioners (except Physicians)

Growth
+25.0%
Scale
$258K PAY
Saturation
0.79
15 establishments

Electrical Contractors and Other Wiring Installation Contractors

Growth
+25.0%
Scale
$528K PAY
Saturation
0.91
30 establishments

Residential Remodelers

Growth
+23.1%
Scale
$157K PAY
Saturation
1.18
64 establishments

Elementary and Secondary Schools

Growth
+22.2%
Scale
$709K PAY
Saturation
1.20
11 establishments

Offices of Real Estate Agents and Brokers

Growth
+20.8%
Scale
$112K PAY
Saturation
0.86
58 establishments

Offices of All Other Miscellaneous Health Practitioners

Growth
+20.0%
Scale
$707K PAY
Saturation
0.41
84 establishments

General Freight Trucking, Long-Distance, Truckload

Growth
+20.0%
Scale
$425K PAY
Saturation
0.77
18 establishments

All Other Professional, Scientific, and Technical Services

Growth
+18.8%
Scale
$192K PAY
Saturation
1.89
19 establishments

Analyst Insights & Due Diligence

Administrative data provides the map, but not the terrain. We recommend three specific validation steps for Niles:

1

Demographic Fit

Does the local population age or income level explain the "Supply Gaps"? (e.g., A gap in luxury services may be due to lower local income).

2

Regulatory Check

Verify local licensing requirements. High barriers to entry often protect "High Yield" sectors from new competition.

3

Competitor Health

Investigate the "Momentum" sectors. Are existing businesses thriving, or is the growth due to high turnover and failure rates?