How much money could a business in Hanson Park make?

Based on StreetSpring's 2026 analysis, selecting one of the best locations in Hanson Park could lead to making ~2% more than selecting an average location, and ~3% more than one of the worst locations.

What are the best businesses to open in Hanson Park?

The top businesses to open in Hanson Park include Italian Restaurant with a ~87% chance on average of surviving more than 2 years, best-case locations reaching ~88%, followed by Ukrainian Restaurant and Bangladeshi Restaurant.

What businesses are most in demand in Hanson Park?

Based on StreetSpring's 2026 survivability analysis, the most in-demand business types in Hanson Park are Italian Restaurants, Ukrainian Restaurants, and Bangladeshi Restaurants.

How can you find the best location to open a business in Hanson Park?

StreetSpring's prediction model analyzes 100 factors across competition, spending on the specific potential business, projected revenue, projected market share, Revenue Capture Score, and mobility patterns to pinpoint which blocks in Hanson Park maximize success.

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.

April 24, 2026•18 min read

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?

**Comparable neighborhoods:** Among the ~2,500 neighborhoods StreetSpring scores, Hanson Park's profile most resembles **Wentworth Gardens (Chicago)** and **Holmesburg (Philadelphia)**. All three exhibit lower-income, less college-educated, and higher poverty — operators with experience in any of those neighborhoods will see familiar patterns in Hanson Park.

**Failure-mode analysis for Hanson Park.** The single strongest subtype in our data is **Italian Restaurant** at 87% average survivability. But the within-neighborhood spread for Italian Restaurants runs **70% to 97%** — meaning a poorly-sited Italian Restaurant in Hanson Park can score 27 points below a well-sited one. Saturation reality check: Liquor Stores are the most-competed tracked subtype here, with 1 existing competitors within a 0.5-mile radius.

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

Loading live map preview...

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

Related Articles:

See the Chicago Business Survivability Rankings
See the Chicago Neighborhood Survivability Rankings

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.

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

Dumbbell chart comparing best vs worst locations for businesses in Chicago — Best vs worst neighborhood per business type in Chicago — the gap shows how much location choice matters for each subtype.

Treemap of Chicago business mix by survivability score — Treemap of business mix in Chicago — cell size = number of locations, color = average survivability score.

How we measure this: Most retail competition operates within a 500-meter radius — outside that, behavioral economics show customers don't routinely switch.

**Daytime vs. resident population (Hanson Park):** US Census LEHD workplace data shows Hanson Park carries a **0.5× daytime/resident ratio** (a primarily-residential signal with some daytime worker pull), with median 1-mile workplace jobs of **6,337** (and **1,486** retail-sector jobs within that radius). A useful read on demand timing for any new storefront concept here.

Landmark anchor: Hanson Park centers on Public Schools Hanson Park 5411 W Fullerton Av — a public-space anchor that influences walking and dwell-time patterns nearby.

**Economic context that bounds the demand environment in Hanson Park:** Per ACS, neighborhood unemployment is **6.6%** (above the 24-metro neighborhood median). BLS QCEW shows the Chicago metro's average weekly wage at **$1,198** (below our 24-metro median). And Cook County permitted **5,308** new residential units in 2025 per Census BPS — a population-and-demand growth signal.

**Sector-level context:** BLS data (BLS Business Employment Dynamics, March 2025 release) shows 5-year survival rates of **47.8%** (Active Life), **47.9%** (Retail Trade), **50.0%** (Restaurants), **50.5%** (Beauty & Personal Care), and **61.8%** (Health & Medical) — the five industry buckets covering most StreetSpring subtypes. Location-specific factors explain the rest of the variance.

Related Resources

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