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 ~81% 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 Italian Restaurant in Hanson Park (~81% average survival rate, ~84% at best locations)
- Neighborhood rank: #73 across all neighborhoods in and around Chicago
- Neighborhood average: ~79% 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 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 ~81% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~84% chance; next is an Ukrainian Restaurant with a 81.20% chance, followed by a Bangladeshi Restaurant with a 81.07% chance.
Is Hanson Park a good place to start a business?
StreetSpring's analysis places Hanson Park at #73 in Chicago for new business survival odds, with a neighborhood-wide average of ~79%.
- Strong business types at their best-match addresses in Hanson Park consistently score ~2% higher than the overall neighborhood survivability average.
- But these same concepts at less optimal addresses within Hanson Park can score meaningfully below average. Survivability data shows that even the highest-demand business types fail at the wrong location.
- The 93.4% employment rate in Hanson Park supports consumer spending, while a 7.4% vacancy rate reflects available storefronts — both of which shape the survivability landscape for any new business here.
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 Hanson Park?
StreetSpring's Hanson Park data goes block by block — not just neighborhood averages — so you know which specific storefront gives your concept the strongest foundation. StreetSpring's 2026 model ranks this area #1 in Hanson Park for an Italian Restaurant:
According to StreetSpring's 2026 analysis, this circle outlines the best area for an Italian Restaurant in Hanson Park. For the most current predictions, visit StreetSpring to analyze your specific location in real-time. StreetSpring's prediction model analyzes hundreds of factors across competition, spending on the specific potential business, projected revenue, projected market share, Revenue Capture Score, mobility patterns, and many more.
Check if this location is still available →
What are the best businesses to open in Hanson Park?
| # | Business type | Chance of lasting 2+ years |
|---|---|---|
| 1 | Italian Restaurant | 81.21% |
| 2 | Ukrainian Restaurant | 81.20% |
| 3 | Bangladeshi Restaurant | 81.07% |
| 4 | Chicken Shop | 81.06% |
| 5 | South American Restaurant | 81.04% |
| 6 | Brunch Restaurant | 81.03% |
| 7 | Chinese Restaurant | 81.01% |
| 8 | Deli | 81.00% |
| 9 | French Restaurant | 80.98% |
| 10 | American Restaurant | 80.97% |
#1-5: Highest Survivability in Hanson Park
- Italian Restaurant is ranked #1 for top businesses to open in Hanson Park: 81.21% chance on average, best at ~84%, challenging at ~74%.
- Ukrainian Restaurant — ~72%–~84% survivability range, with an average of 81.20% across Hanson Park.
- Opening a Bangladeshi Restaurant in Hanson Park shows 81.07% average survivability. Top locations reach ~84%; lower-end sites show ~73%.
- Chicken Shop (Ranked #4): 81.06% average in Hanson Park. Best-case storefronts: ~85%. Challenging locations: ~74%.
- South American Restaurant is ranked #5 for top businesses to open in Hanson Park: 81.04% chance on average, best at ~84%, challenging at ~73%.
#6-10: Strong Performers in Hanson Park
- Brunch Restaurant — ~73%–~84% survivability range, with an average of 81.03% across Hanson Park.
- Opening a Chinese Restaurant in Hanson Park shows 81.01% average survivability. Top locations reach ~84%; lower-end sites show ~73%.
- Deli (Ranked #8): 81.00% average in Hanson Park. Best-case storefronts: ~84%. Challenging locations: ~73%.
- French Restaurant is ranked #9 for top businesses to open in Hanson Park: 80.98% chance on average, best at ~84%, challenging at ~73%.
- American Restaurant — ~72%–~84% survivability range, with an average of 80.97% across Hanson Park.
Top 3 Compared Nationally
- Italian Restaurant — See how this compares to other cities →
- Ukrainian Restaurant — See how this compares to other cities →
- Bangladeshi Restaurant — See how this compares to other cities →
How much money could a business in Hanson Park make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, choosing an address that maximizes your Revenue Capture Score 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.
- Location is the biggest factor in a business's future success.
- Businesses in high-scoring locations consistently outperform those in average or low-scoring sites.
- StreetSpring analyzes your specific address against comparable businesses to forecast success.
What businesses should open next in Hanson Park?
The top businesses to open next in Hanson Park:
- Italian Restaurants — 81% on average and 84% at the best address
- Ukrainian Restaurants — 81.20% average survival rate
- Bangladeshi Restaurants — 81.07% average survival rate
For the most current predictions, visit StreetSpring to analyze your specific location in real-time. Our analysis covers every major metro in the country — 24 cities and 180 million++ consumers. Hanson Park's employment rate (93.4%) and vacancy rate (7.4%) together define the economic context that StreetSpring's model uses to score survivability for each business type at each address. 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. 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 Italian Restaurant survivability across Chicago neighborhoods
Visual Data
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?
According to StreetSpring's 2026 data, the strongest tenant types for a storefront in Hanson Park are Italian Restaurants, Ukrainian Restaurants, and Bangladeshi Restaurants.
- Location is the biggest factor in a business's future success.
- StreetSpring analyzes your specific address against comparable businesses to forecast success. Rather than guessing which tenant type will last, landlords can verify survivability for each category at their exact address using StreetSpring.
Related: See How Landlord Representatives in Chicago Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Hanson Park storefront to an Italian Restaurant?
Yes — our 2026 model places an Italian Restaurant at the top of the survivability rankings for Hanson Park storefronts, with a best-case score of ~84% and a floor of ~74% at the most challenging addresses.
- StreetSpring analyzes your specific address against comparable businesses to forecast success.
What should I consider when opening a business in Hanson Park?
In Hanson Park, the single most important factor in your site-selection decision is the Survivability Score of the specific address you're evaluating.
- Revenue Capture Score is the single best indicator of whether a business will thrive at a location.
- These insights come from StreetSpring's exclusive, in-house forecasting models.
- StreetSpring's address-level survivability data is available free of charge — start with your top candidate locations in Hanson Park.
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.