Business Survivability in Near North, Minneapolis
StreetSpring's 2026 analysis finds that the best business to open in Near North is an Eye Care Center with a 79.5% 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: an Eye Care Center in Near North (79.5% average survival rate, 89.2% at best locations)
- Neighborhood rank: #53 of 64 neighborhoods in and around Minneapolis
- Neighborhood average: 72.4% 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 Near North 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 Near North is an Eye Care Center with a 79.5% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a 89.2% chance; next is a Veterinary Clinic with a 83.0% chance, followed by a Chiropractor Office with a 81.0% chance.
Is Near North a good place to start a business?
Near North is ranked number 53 of 64 neighborhoods in and around Minneapolis to start a business, with an average 72.4% chance of lasting two or more years across the business types ranked there.
- In Near North, the strongest addresses for the top-ranked business type sit 9.7 points above that type's average.
- Yet even the strongest business types in Near North see survivability scores drop significantly at the worst addresses. No business type is immune to the consequences of poor location selection within this neighborhood.
- StreetSpring's model reads Near North's 7.2% housing vacancy rate, a Census measure of vacant homes and apartments, as one input among many.
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 Near North?
The right address in Near North can mean a 20-point survivability difference from an average one: StreetSpring identifies exactly which addresses are worth pursuing. The map below highlights the highest-survivability address for an Eye Care Center in Near North:
This map shows the optimal location for an Eye Care Center in Near North based on StreetSpring's 2026 survivability analysis. Neighborhood-level averages are a starting point: the exact address will determine your actual survivability score. The prediction model incorporates hundreds of location-specific factors, including competitive density, forecasted consumer spending, mobility patterns, and Revenue Capture Score.
Check if this location is still available →
What are the best businesses to open in Near North?
| # | Business type | Chance of lasting two or more years at a good address |
|---|---|---|
| 1 | Eye Care Center | 88.3% |
| 2 | Veterinary Clinic | 87.9% |
| 3 | Chiropractor Office | 87.9% |
| 4 | Dentist Office | 85.8% |
| 5 | Mental Health Clinic | 84.9% |
| 9 | Liquor Store | 84.1% |
| 10 | Spa | 83.6% |
| 11 | Convenience Store | 83.6% |
| 21 | Pet Store | 82.3% |
| 23 | Bakery | 82.2% |
Ties at a good address: Veterinary Clinic and Chiropractor Office are tied; Spa and Convenience 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 Near North
- #1 Opening an Eye Care Center in Near North shows 79.5% average survivability. Top locations reach 89.2%; lower-end sites show 59.0%.
- #2 Veterinary Clinic (Ranked #2): 83.0% average in Near North. Best-case storefronts: 88.7%. Challenging locations: 69.2%.
- #3 Chiropractor Office is ranked #3 for top businesses to open in Near North: 81.0% chance on average, best at 89.6%, challenging at 63.2%.
- #4 Dentist Office: 78.3% on average across Near North; best at 88.3%, challenging at 59.8%.
- #5 Opening a Psychiatry or Psychology Practice in Near North shows 78.1% average survivability. Top locations reach 88.7%; lower-end sites show 59.4%.
Strong Performers in Near North
- #9 Liquor Store (Ranked #9): 79.1% average in Near North. Best-case storefronts: 85.0%. Challenging locations: 52.6%.
- #10 Spa is ranked #10 for top businesses to open in Near North: 79.4% chance on average, best at 84.0%, challenging at 58.8%.
- #11 Convenience Store: 77.2% on average across Near North; best at 84.6%, challenging at 53.5%.
- #21 Opening a Pet Store in Near North shows 73.3% average survivability. Top locations reach 82.8%; lower-end sites show 58.0%.
- #23 Bakery (Ranked #23): 77.7% average in Near North. Best-case storefronts: 83.6%. Challenging locations: 64.6%.
Top 3 Compared Nationally
- Eye Care Center: See how this compares to other cities →
- Veterinary Clinic: See how this compares to other cities →
- Chiropractor Office: See how this compares to other cities →
How much money could a business in Near North make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, securing a location with maximum Revenue Capture potential in Near North 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
- Site selection requires evaluating the specific combination of your business type and the exact address: neighborhood-level data is only the starting point.
- Site selection is the highest-leverage decision most entrepreneurs make: it sets every other variable in motion.
- 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.
- StreetSpring scores survivability down to the exact storefront location.
What businesses should open next in Near North?
The top businesses to open next in Near North:
- Eye Care Centers: 79.5% average survival rate, 89.2% at the best address
- Veterinary Clinics: 83.0% average survival rate
- Chiropractor Offices: 81.0% average survival rate
Neighborhood-level averages are a starting point: the exact address will determine your actual survivability score. Our analysis covers every major metro in the country: 24 cities and 180 million++ consumers. 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 7.2% housing vacancy rate in Near North describes the neighborhood as a whole; survivability still depends heavily on choosing the right address within it. New competitors open and close every week, changing the survivability landscape for every address in Near North. 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 Eye Care Center survivability across Minneapolis neighborhoods
Frequently Asked Questions
Here are the most common questions about opening a business in Near North.
What type of business should you rent your Near North storefront to?
According to StreetSpring's 2026 data, the strongest tenant types for a storefront in Near North are Eye Care Centers, Veterinary Clinics, and Chiropractor Offices.
- Site selection is the highest-leverage decision most entrepreneurs make: it sets every other variable in motion.
- StreetSpring scores survivability down to the exact storefront location. StreetSpring allows property owners to evaluate any address against 500+ business types, so you can prioritize the categories that score highest at your specific location.
Related: See How Landlord Representatives in Minneapolis Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Near North storefront to an Eye Care Center?
StreetSpring's data confirms an Eye Care Center as the highest-survivability tenant type for Near North. The best addresses show a 89.2% chance of lasting more than 2 years; less optimal addresses score around 59.0%.
- StreetSpring scores survivability down to the exact storefront location.
What should I consider when opening a business in Near North?
In Near North, the first step in your site-selection decision is checking the Survivability Score of the specific address you're evaluating.
- Revenue Capture is where competition meets spending, and it's the number that matters most when choosing a location.
- StreetSpring's in-house models are trained on 570,000+ real business outcomes.
- StreetSpring's address-level survivability data starts with a free 10-minute trial: begin with your top candidate locations in Near North.
See the best place for your business at StreetSpring.
StreetSpring's AI platform has studied businesses serving more than 180 million+ Americans, giving its predictions a scale of validation unmatched in site-selection tools. 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.