Business Survivability in Diamond Lake, Minneapolis
StreetSpring's 2026 analysis finds that the best business to open in Diamond Lake is a Veterinary Clinic with a 84.8% chance of surviving at least 2 years across the neighborhood on average.
Quick Summary
- Survivability Score: the projected chance a business type lasts two or more years at a specific address
- Best business: a Veterinary Clinic in Diamond Lake (84.8% average survival rate, 89.2% at best locations)
- Neighborhood rank: #25 of 64 neighborhoods in and around Minneapolis
- Neighborhood average: 72.3% two-year survival across the business types ranked here
- Coverage: This ranking carries one row per business type and neighborhood. Its score is the projected chance of lasting two or more years, averaged across the price points StreetSpring scores separately in the tool (most types have 5). The 10 business types here are base types; the tool offers 500+ business types, counting each type at each of its price points.
- Rankings updated quarterly with latest market data
- Detailed methodology
Last reviewed: October 2026 by Robert Koons, Founder & CEO, StreetSpring
In this article:
- Summary
- Is Diamond Lake a good place to start a business?
- How to find the best location
- Best businesses to open
- How much money could a business make?
- What businesses should open next?
- Frequently Asked Questions
Summary
StreetSpring's 2026 analysis finds that the best business to open in Diamond Lake is a Veterinary Clinic with a 84.8% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a 89.2% chance; next is a Chiropractor Office with a 83.1% chance, followed by an Eye Care Center with a 77.0% chance.
Is Diamond Lake a good place to start a business?
Among the 64 neighborhoods StreetSpring ranks in and around Minneapolis, Diamond Lake ranks #25 for business survivability, with an average 72.3% chance of lasting two or more years.
- For the top-ranked business type, the best addresses in Diamond Lake score 4.4 points higher on the two-year chance than its average there.
- Yet even the strongest business types in Diamond Lake see survivability scores drop significantly at the worst addresses. No business type is immune to the consequences of poor location selection within this neighborhood.
- The 93.4% employment rate in Diamond Lake supports consumer spending, while its 2.6% housing vacancy rate measures the share of homes and apartments standing empty: the model reads both as neighborhood characteristics.
Employment and housing vacancy figures sourced from the U.S. Census Bureau American Community Survey.
How can you find the best location to open a business in Diamond Lake?
StreetSpring scores each block in Diamond Lake so you can see which ones give a business the best two-year chance. The map below highlights the highest-survivability address for a Veterinary Clinic in Diamond Lake:
Based on StreetSpring's 2026 analysis of hundreds of location-specific factors, this area offers the highest projected survivability for a Veterinary Clinic in Diamond Lake. These rankings are based on the latest available data; check StreetSpring for real-time updates. Factors evaluated include competition at every distance band, consumer spending forecasts, mobility patterns, and market share projections.
Check if this location is still available →
What are the best businesses to open in Diamond Lake?
| # | Business type | Chance of lasting two or more years at a good address |
|---|---|---|
| 1 | Veterinary Clinic | 89.2% |
| 2 | Chiropractor Office | 88.7% |
| 3 | Eye Care Center | 86.6% |
| 4 | Dentist Office | 86.6% |
| 5 | Dermatology Clinic | 86.2% |
| 9 | Smoke Shop | 84.6% |
| 10 | Liquor Store | 84.6% |
| 11 | Day Care Center | 84.6% |
| 12 | Clothing Store | 84.6% |
| 13 | Grocery Store | 84.2% |
Ties at a good address: Eye Care Center and Dentist Office are tied; Smoke Shop, Liquor Store, Day Care Center and Clothing Store are tied. A tie is a tie: the rank column is the published file's order, which looks at the average and the best address next.
The rank column is the published file's rank within this place; a skipped number is a business type the file ranks here that this list leaves out to keep any one business family from filling it.
Highest Survivability in Diamond Lake
- #1 Veterinary Clinic is ranked #1 for top businesses to open in Diamond Lake: 84.8% chance on average, best at 89.2%, challenging at 59.0%.
- #2 Chiropractor Office: 83.1% on average across Diamond Lake; best at 90.0%, challenging at 60.7%.
- #3 Opening an Eye Care Center in Diamond Lake shows 77.0% average survivability. Top locations reach 88.7%; lower-end sites show 61.5%.
- #4 Dentist Office (Ranked #4): 76.4% average in Diamond Lake. Best-case storefronts: 88.3%. Challenging locations: 57.3%.
- #5 Dermatology Clinic is ranked #5 for top businesses to open in Diamond Lake: 76.3% chance on average, best at 88.3%, challenging at 57.3%.
Strong Performers in Diamond Lake
- #9 Smoke Shop: 81.4% on average across Diamond Lake; best at 85.0%, challenging at 54.0%.
- #10 Opening a Liquor Store in Diamond Lake shows 80.0% average survivability. Top locations reach 84.6%; lower-end sites show 57.6%.
- #11 Day Care Center (Ranked #11): 78.3% average in Diamond Lake. Best-case storefronts: 85.1%. Challenging locations: 57.2%.
- #12 Clothing Store is ranked #12 for top businesses to open in Diamond Lake: 75.3% chance on average, best at 84.6%, challenging at 52.2%.
- #13 Grocery Store: 80.2% on average across Diamond Lake; best at 85.0%, challenging at 55.3%.
Top 3 Compared Nationally
- Veterinary Clinic: See how this compares to other cities →
- Chiropractor Office: See how this compares to other cities →
- Eye Care Center: See how this compares to other cities →
How much money could a business in Diamond Lake make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, selecting one of the best locations for your business in Diamond Lake starts with the Revenue Capture Score, the most important factor in choosing a location: StreetSpring's estimate of the revenue a business can capture at that address.
How StreetSpring calculates location value
- Different business models thrive in different micro-locations.
- A great product in the wrong location will underperform; an average product in the right location can thrive.
- When the question is money, the Revenue Capture Score comes first: it is StreetSpring's estimate of the revenue a business can capture at a specific address.
- StreetSpring generates location-specific predictions tailored to your exact site.
What businesses should open next in Diamond Lake?
The top businesses to open next in Diamond Lake:
- Veterinary Clinics: 84.8% average survival rate, 89.2% at the best address
- Chiropractor Offices: 83.1% average survival rate
- Eye Care Centers: 77.0% average survival rate
These rankings are based on the latest available data; check StreetSpring for real-time updates. We have been studying the businesses serving more than 180 million+ Americans. StreetSpring scores 500+ business types: 153 base business types, most of them at 5 price points, which is 569 type-and-price combinations you can choose in the tool. The survivability rankings for Diamond Lake draw on real Census conditions, including 93.4% employment and 2.6% housing vacancy, alongside competition and consumer spending. New competitors open and close every week, changing the survivability landscape for every address in Diamond Lake. StreetSpring's regular updates mean you can always see the current score for any available storefront.
See the Survivability Score for your new business
Related Articles:
- See the Minneapolis Business Survivability Rankings
- See the Minneapolis Neighborhood Survivability Rankings
- Explore Veterinary Clinic survivability across Minneapolis neighborhoods
Frequently Asked Questions
Here are the most common questions about opening a business in Diamond Lake.
What type of business should you rent your Diamond Lake storefront to?
Our 2026 survivability data for Diamond Lake shows that Veterinary Clinics, Chiropractor Offices, and Eye Care Centers rank as the top tenant categories for minimizing vacancy risk.
- A great product in the wrong location will underperform; an average product in the right location can thrive.
- StreetSpring generates location-specific predictions tailored to your exact site. Use StreetSpring to see the survivability score for any business type at your exact storefront address before you sign a lease.
Related: See How Landlord Representatives in Minneapolis Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Diamond Lake storefront to a Veterinary Clinic?
Yes. Among all business types analyzed for Diamond Lake in 2026, a Veterinary Clinic posts the highest survivability ceiling at 89.2% and maintains a reasonable floor of 59.0%, making it the most reliable tenant choice here.
- StreetSpring generates location-specific predictions tailored to your exact site.
What should I consider when opening a business in Diamond Lake?
In Diamond Lake, the first step in your site-selection decision is checking the Survivability Score of the specific address you're evaluating.
- The Revenue Capture Score is the most important factor in choosing a location: it is StreetSpring's estimate of the revenue a business can capture at that address.
- No third-party scoring system produces these results: every prediction is generated by StreetSpring's own analytical models.
- Start with a free 10-minute trial: check the current survivability score for any Diamond Lake address on StreetSpring.
See the best place for your business at StreetSpring.
Using predictive analytics, StreetSpring helps entrepreneurs and landlords make smarter location decisions. Aggregated survivability rankings for Minneapolis are available in machine-readable format for research and integration purposes.
Full dataset for Minneapolis: /resources/data/minneapolis-survivability-scores-2026.csv: includes all business subtypes, all neighborhoods, survivability scores, and tier assignments. Licensed under CC BY 4.0.