Business Survivability in Hanson Park, Chicago
StreetSpring's 2026 analysis finds that the best business to open in Hanson Park is an Italian Restaurant with a ~87% chance of surviving at least 2 years across the neighborhood on average.
Quick Summary
- Best business: an Italian Restaurant in Hanson Park (~87% average survival rate, ~88% at best locations)
- Neighborhood rank: #73 across all neighborhoods in and around Chicago
- Neighborhood average: ~78% two-year survival across all business types
- Rankings updated quarterly with latest market data
- Detailed methodology
Reviewed and updated: May 10, 2026 — Bobby Koons, Founder & CEO, StreetSpring
In this article:
- Summary
- Is Hanson Park 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 Hanson Park is an Italian Restaurant with a ~87% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~88% chance; next is an Ukrainian Restaurant with a ~87% chance, followed by a Bangladeshi Restaurant with a ~86% chance.
Is Hanson Park a good place to start a business?
Hanson Park earns the #73 spot in Chicago for new business survivability, with an average score of ~78% across all business types analyzed.
- The survivability gap between the best and average addresses in Hanson Park reaches ~2% for the strongest-performing business categories.
- However, these same business types at the worst locations in Hanson Park can sometimes provide a projected Survivability Score considerably below the average. Thus, even the businesses that are most in need in Hanson Park could have trouble succeeding if the best location is not selected.
- With a 93.4% employment rate, Hanson Park has the consumer spending foundation that supports a range of brick-and-mortar business types.
Employment and vacancy figures sourced from the U.S. Census Bureau American Community Survey.
Pinpointing the best locations within Hanson Park
StreetSpring narrows the decision down to the exact address — showing which blocks in Hanson Park produce the highest survivability scores for your concept. Here is the top survivability address for an Italian Restaurant in Hanson Park, per StreetSpring's 2026 model:
The locations that show up in our top-10 lists
The highlighted area represents the address in Hanson Park that StreetSpring's 2026 analysis ranks highest for an Italian Restaurant survivability. Static rankings can't capture every recent change in competition or foot traffic; StreetSpring's live platform provides the current score for your exact address. StreetSpring's scoring incorporates 100 inputs, including competitive quality and density, projected consumer spending, Revenue Capture Score, and mobility data.
Check if this location is still available →
The strongest business categories for Hanson Park
#1-5: Highest Survivability in Hanson Park
- Italian Restaurant (Ranked #1): ~87% average in Hanson Park. Best-case storefronts: ~88%. Challenging locations: ~85%.
- Ukrainian Restaurant is ranked #2 for top businesses to open in Hanson Park: ~87% chance on average, best at ~89%, challenging at ~84%.
- Bangladeshi Restaurant — ~85%–~89% survivability range, with an average of ~86% across Hanson Park.
- Opening a South American Restaurant in Hanson Park shows ~86% average survivability. Top locations reach ~88%; lower-end sites show ~84%.
- Chinese Restaurant (Ranked #5): ~86% average in Hanson Park. Best-case storefronts: ~88%. Challenging locations: ~85%.
#6-10: Strong Performers in Hanson Park
- Deli is ranked #6 for top businesses to open in Hanson Park: ~86% chance on average, best at ~88%, challenging at ~85%.
- Chicken Shop — ~85%–~88% survivability range, with an average of ~86% across Hanson Park.
- Opening a Brunch Restaurant in Hanson Park shows ~86% average survivability. Top locations reach ~89%; lower-end sites show ~84%.
- American Restaurant (Ranked #9): ~86% average in Hanson Park. Best-case storefronts: ~88%. Challenging locations: ~84%.
- French Restaurant is ranked #10 for top businesses to open in Hanson Park: ~86% chance on average, best at ~88%, challenging at ~85%.
Top 3 Compared Nationally
- Bangladeshi Restaurant — See how this compares to other cities →
What revenue can a Hanson Park business expect?
Best location vs. average location
Based on StreetSpring's 2026 analysis, identifying the optimal address for your business type in Hanson Park could lead to you making ~2% more than if you selected an average location, and ~3% more than if you selected one of the worst locations.
How StreetSpring calculates location value
- The right address for one business type may be the wrong one for another — always evaluate fit for your specific concept.
- A great product in the wrong location will underperform; an average product in the right location can thrive.
- The businesses that outperform their category averages most consistently are those that scored highest on survivability before opening.
- StreetSpring provides address-specific survivability predictions for over 700 business types.
What Hanson Park needs more of (per our model)
The top businesses to open next in Hanson Park:
- Italian Restaurants — ~87% average survival rate, up to ~88% at best locations
- Ukrainian Restaurants — ~87% average survival rate
- Bangladeshi Restaurants — ~86% average survival rate
Static rankings can't capture every recent change in competition or foot traffic; StreetSpring's live platform provides the current score for your exact address. StreetSpring has analyzed hundreds of thousands of business outcomes across major U.S. metros. StreetSpring's model accounts for Hanson Park's 93.4% employment rate when projecting survivability — businesses reliant on discretionary spend benefit disproportionately in well-employed neighborhoods. Survivability scores are live, not static — StreetSpring updates them weekly. Visit the tool to see what's currently available in Hanson Park and how each address is scoring right now.
See the Survivability Score for your new business
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Frequently Asked Questions
Here are the most common questions about opening a business in Hanson Park.
What type of business should you rent your Hanson Park storefront to?
StreetSpring's analysis shows that the categories most likely to produce stable, long-term tenants in Hanson Park are Italian Restaurants, Ukrainian Restaurants, and Bangladeshi Restaurants.
- A great product in the wrong location will underperform; an average product in the right location can thrive.
- StreetSpring provides address-specific survivability predictions for over 700 business types. 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 Chicago Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Hanson Park storefront to an Italian Restaurant?
StreetSpring's 2026 analysis strongly supports renting to an Italian Restaurant in Hanson Park: best-in-class addresses achieve ~88% survivability, and even the lower-end sites come in at ~85% — above average for most business types.
- StreetSpring provides address-specific survivability predictions for over 700 business types.
What should I consider when opening a business in Hanson Park?
The Survivability Score for your specific address in Hanson Park is the most reliable signal you have before signing a lease — prioritize it above foot traffic estimates and demographic summaries.
- Of all the variables StreetSpring analyzes, Revenue Capture Score has the strongest predictive power.
- StreetSpring's in-house models are continuously updated with new business outcome data to keep predictions accurate.
- StreetSpring is free to use — see the current survivability score for any address in Hanson Park right now.
See the best place for your business at StreetSpring.
StreetSpring's AI platform has analyzed thousands of business openings to identify success patterns. Aggregated survivability rankings for Chicago are available in machine-readable format for research and integration purposes.
Lease structure questions to ask first
| Consideration | Common pitfall | What to verify before signing |
|---|---|---|
| Foot traffic seasonality | Looking at a peak-summer Tuesday and assuming year-round volume. | Walk the block at 3 different times across 2 different weeks. Ask neighboring tenants for their slow-season % drop. |
| Permits & licensing | Assuming a 30-day permit timeline, hitting 90+ days, paying rent on a non-operating storefront. | Call the local zoning office before signing. Confirm your use is already permitted; if not, factor a 2-3 month variance timeline. |
| Outdoor seating / sidewalk use | Signing assuming you can add patio seating, then learning the city requires a separate sidewalk-cafe permit with long lead times. | Check the city's sidewalk-cafe permit process up front. Confirm landlord allows outdoor build-out in the lease language. |
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.
Visual Data
Related Resources
Related:
Related:
- Business Survivability in Adair Park, Atlanta
- Business Survivability in Ansley Park, Atlanta
- Business Survivability in Ardmore, Atlanta
More Questions About This Location
More questions answered with neighborhood-specific data from our 2026 corpus.
What's the national survival baseline for businesses by sector?
BLS Business Employment Dynamics data (March 2025 release) shows 5-year survival rates spanning 47.8% (Active Life) to 61.8% (Health & Medical) across the 11 sectors StreetSpring tracks. Restaurants — the most studied category — survive at 50% nationally, well above the often-cited "80% fail" myth.
How does Hanson Park's employment rate affect business survivability?
Hanson Park's employment rate is approximately 93%, compared to a Chicago metro median of 94%. Employment is close to the metro median, suggesting stable underlying demand.
How does economic hardship in Hanson Park compare to the metro?
27% of Hanson Park households fall below the federal poverty line — above the Chicago metro median (12%). Elevated poverty constrains discretionary retail; survivability is highest for essential services and value-oriented operators.
How educated is the population in Hanson Park?
Approximately 12% of Hanson Park adults hold a bachelor's degree or higher, compared to 52% across the Chicago metro. Lower education attainment shifts demand toward value retail, services, and everyday needs.
Is Hanson Park more single-occupant or family-household?
ACS data puts average household size in Hanson Park at 3.4, compared to 2.3 across Chicago. Larger households suggest more families — favorable for family dining, kid-oriented retail, and household services.