I am looking to buy a new iMac....help please.

I am looking to buy a new iMac, and I started a search on Craigslist for fun, and it seems as if some people have some really good deals on the model mb325ll/a. It is the 2.8 ghz version with 2 gigs of ram and a 320gb hard drive.
This is not a model sold in the Apple Retail store, so I am a little hesitant, but the guy said it is the business model. Is this true?
What kind of warranty would it come with if I am an individual user and not a business? Do I miss out on anything? Please give any advice you may have. Thanks.

There is no such thing as a "business" Mac, versus one for an individual consumers. You should look at this list, and find your model and complete specifications.
http://www.everymac.com/systems/apple/imac/index-imac.html
Based on the information you provided, it sounds like this one
http://www.everymac.com/systems/apple/imac/stats/imac-core-2-duo-2.8-24-inch-alu minum-early-2008-penryn-specs.html
which is last year's (early 2008) model, not the current model (early 2009).
If it is being sold as used, the standard warranty is in effect for one year after its original sale. If it is being sold as new, the standard warranty is for one year. You can check the warranty status using the iMac's serial number.
You can also compare the price to the same iMac model on Apple's +Special Deals+ (refurb) page. It happens to be available currently as a refurb, if this is the same model.
http://store.apple.com/us/product/FB325LL/A?mco=MjE0NDk5Mw
Apple certified refurbished Macs have the same warranty as new. From my experience, they look and operate like new.

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