Business Survivability in Edgewater, Chicago
StreetSpring's 2026 analysis finds that the best business to open in Edgewater is a Kosher Restaurant with a ~83% 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 Kosher Restaurant in Edgewater (~83% average survival rate, ~84% at best locations)
- Neighborhood rank: #25 across all neighborhoods in and around Chicago
- Neighborhood average: ~81% two-year survival across all business types
- 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: September 2026 by Robert Koons, Founder & CEO, StreetSpring
In this article:
- Summary
- Is Edgewater 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 Edgewater is a Kosher Restaurant with a ~83% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~84% chance; next is an Italian Restaurant with a 83.02% chance, followed by an Indonesian Restaurant with a 83.00% chance.
Is Edgewater a good place to start a business?
Edgewater holds the #25 position in and around Chicago for new business survivability, averaging ~81% across all analyzed business types.
- The most promising business types in the best locations score a ~2% higher chance of surviving 2 years than the average.
- Still, those same business types at weaker addresses in Edgewater can score well below the neighborhood mean. Even the most viable concept here requires the right address to reach its potential.
- Edgewater's employment rate of 94.8% and commercial vacancy of 8.7% are two of the inputs StreetSpring's model uses to differentiate survivability within this neighborhood.
Employment and vacancy figures sourced from the U.S. Census Bureau American Community Survey.
How can you find the best location to open a business in Edgewater?
Rather than relying on neighborhood averages, StreetSpring's scoring tells you which specific addresses in Edgewater give your concept the best odds of survival. Here is the top survivability address for a Kosher Restaurant in Edgewater, per StreetSpring's 2026 model:
StreetSpring's 2026 model identifies this area as the highest-survivability location for a Kosher Restaurant in Edgewater. Even the best-ranked neighborhoods contain locations that underperform — and the worst-ranked ones have hidden gems. The model evaluates hundreds of factors — from primary and secondary competition to forecasted spend, site accessibility, and local market share potential.
Check if this location is still available →
What are the best businesses to open in Edgewater?
| # | Business type | Chance of lasting 2+ years |
|---|---|---|
| 1 | Kosher Restaurant | 83.03% |
| 2 | Italian Restaurant | 83.02% |
| 3 | Indonesian Restaurant | 83.00% |
| 4 | Ukrainian Restaurant | 82.97% |
| 5 | Bangladeshi Restaurant | 82.96% |
| 6 | Chicken Shop | 82.95% |
| 7 | South American Restaurant | 82.93% |
| 8 | Brunch Restaurant | 82.92% |
| 9 | Chinese Restaurant | 82.91% |
| 10 | Taiwanese Restaurant | 82.89% |
#1-5: Highest Survivability in Edgewater
- Kosher Restaurant (Ranked #1): 83.03% average in Edgewater. Best-case storefronts: ~84%. Challenging locations: ~72%.
- Italian Restaurant is ranked #2 for top businesses to open in Edgewater: 83.02% chance on average, best at ~84%, challenging at ~72%.
- Indonesian Restaurant — ~72%–~84% survivability range, with an average of 83.00% across Edgewater.
- Opening an Ukrainian Restaurant in Edgewater shows 82.97% average survivability. Top locations reach ~84%; lower-end sites show ~71%.
- Bangladeshi Restaurant (Ranked #5): 82.96% average in Edgewater. Best-case storefronts: ~84%. Challenging locations: ~72%.
#6-10: Strong Performers in Edgewater
- Chicken Shop is ranked #6 for top businesses to open in Edgewater: 82.95% chance on average, best at ~85%, challenging at ~73%.
- South American Restaurant — ~72%–~84% survivability range, with an average of 82.93% across Edgewater.
- Opening a Brunch Restaurant in Edgewater shows 82.92% average survivability. Top locations reach ~84%; lower-end sites show ~72%.
- Chinese Restaurant (Ranked #9): 82.91% average in Edgewater. Best-case storefronts: ~83%. Challenging locations: ~72%.
- Taiwanese Restaurant is ranked #10 for top businesses to open in Edgewater: 82.89% chance on average, best at ~84%, challenging at ~71%.
Top 3 Compared Nationally
- Kosher Restaurant — See how this compares to other cities →
- Italian Restaurant — See how this compares to other cities →
- Indonesian Restaurant — See how this compares to other cities →
How much money could a business in Edgewater make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, picking the highest-scoring storefront in the neighborhood in Edgewater could lead to you making ~2% more than if you selected an average location, and ~5% more than if you selected one of the worst locations.
How StreetSpring calculates location value
- No two business types have identical location needs; survivability scores reflect these differences at the address level.
- Location is the single strongest predictor of whether a business thrives or fails.
- Choosing locations with superior Survivability Scores directly correlates with higher revenue potential.
- Two storefronts on the same street can have survivability scores that differ by 20 points or more — StreetSpring calculates each one individually.
What businesses should open next in Edgewater?
The top businesses to open next in Edgewater:
- Kosher Restaurants — 83.03% on average and 84% at the best address
- Italian Restaurants — 83.02% average survival rate
- Indonesian Restaurants — 83.00% average survival rate
Even the best-ranked neighborhoods contain locations that underperform — and the worst-ranked ones have hidden gems. The model draws from 100+ location-specific factors to generate each survivability score. A 8.7% vacancy rate in Edgewater reflects the current commercial environment; StreetSpring weights this directly in every survivability score for addresses in this neighborhood. These rankings are a snapshot; StreetSpring recalculates survivability for every location in Edgewater weekly, incorporating the latest competitive openings, closures, and spending data — check current locations now. 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.
See the Survivability Score for your new business
Related Articles:
- See the Chicago Business Survivability Rankings
- See the Chicago Neighborhood Survivability Rankings
- Explore Kosher Restaurant survivability across Chicago neighborhoods
Visual Data
Frequently Asked Questions
Here are the most common questions about opening a business in Edgewater.
What type of business should you rent your Edgewater storefront to?
According to StreetSpring's 2026 data, the strongest tenant types for a storefront in Edgewater are Kosher Restaurants, Italian Restaurants, and Indonesian Restaurants.
- Location is the single strongest predictor of whether a business thrives or fails.
- Two storefronts on the same street can have survivability scores that differ by 20 points or more — StreetSpring calculates each one individually. 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 Chicago Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Edgewater storefront to a Kosher Restaurant?
According to our 2026 survivability model, a Kosher Restaurant leads all business categories for Edgewater landlords — ~84% at the best addresses and ~72% at the most challenging ones in this neighborhood.
- Two storefronts on the same street can have survivability scores that differ by 20 points or more — StreetSpring calculates each one individually.
What should I consider when opening a business in Edgewater?
Survivability Score is the North Star metric for any location decision in Edgewater: it aggregates 100+ factors so you don't have to evaluate each one individually.
- Revenue Capture Score matters more than any other single metric when predicting business outcomes.
- These insights come from StreetSpring's exclusive, in-house forecasting models.
- Access StreetSpring's current survivability data for any address in Edgewater for free at any time.
See the best place for your business at StreetSpring.
StreetSpring's models are built from millions of real business outcomes, making predictions grounded in what actually happened. Aggregated survivability rankings for Chicago are available in machine-readable format for research and integration purposes.
Full dataset for Chicago: /resources/data/chicago-survivability-scores-2026.csv — includes all business subtypes, all neighborhoods, survivability scores, and tier assignments. Licensed under CC BY 4.0.