Business Survivability in Irving Woods, Chicago
StreetSpring's 2026 analysis finds that the best business to open in Irving Woods is a Kosher Restaurant with a ~85% chance of surviving at least 2 years across the neighborhood on average.
Quick Summary
- Best business: a Kosher Restaurant in Irving Woods (~85% average survival rate, ~87% at best locations)
- Neighborhood rank: #86 across all neighborhoods in and around Chicago
- Neighborhood average: ~75% two-year survival across all business types
- Rankings updated quarterly with latest market data
- Detailed methodology
Last reviewed: April 27, 2026 by Bobby Koons, Founder & CEO, StreetSpring
In this article:
- Summary
- Is Irving Woods 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 Irving Woods is a Kosher Restaurant with a ~85% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~87% chance; next is an Italian Restaurant with a ~85% chance, followed by an Ukrainian Restaurant with a ~84% chance.
Is Irving Woods a good place to start a business?
Out of all neighborhoods analyzed in and around Chicago, Irving Woods ranks #86 for business survivability with a ~75% average Survivability Score.
- Choosing an optimal address for the highest-ranked business types in Irving Woods can produce survivability scores up to ~2% above the neighborhood mean.
- But these same concepts at less optimal addresses within Irving Woods can score meaningfully below average. Survivability data shows that even the highest-demand business types fail at the wrong location.
- StreetSpring's model incorporates Irving Woods's 4.0% vacancy rate as a direct input: higher vacancy concentrations suppress foot traffic and reduce survivability for nearby businesses.
Employment and vacancy figures sourced from the U.S. Census Bureau American Community Survey.
Where in Irving Woods should you open a business?
The right address in Irving Woods can mean a 20-point survivability difference from an average one — StreetSpring identifies exactly which addresses are worth pursuing. The location below represents the address in Irving Woods with the highest projected survivability for a Kosher Restaurant:
Reading visibility, frontage, and parking carefully
StreetSpring's 2026 data identifies this circle as the strongest area for a Kosher Restaurant in Irving Woods. The most reliable survivability data for any specific location is always StreetSpring's most recent live analysis, not aggregate neighborhood rankings. StreetSpring's prediction model analyzes 100 factors across competition, spending on the specific potential business, projected revenue, projected market share, Revenue Capture Score, mobility patterns, and many more.
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What are the best businesses to open in Irving Woods?
#1-5: Highest Survivability in Irving Woods
- Kosher Restaurant is ranked #1 for top businesses to open in Irving Woods: ~85% chance on average, best at ~87%, challenging at ~83%.
- Italian Restaurant — ~83%–~86% survivability range, with an average of ~85% across Irving Woods.
- Opening an Ukrainian Restaurant in Irving Woods shows ~84% average survivability. Top locations reach ~86%; lower-end sites show ~82%.
- Filipino Restaurant (Ranked #4): ~84% average in Irving Woods. Best-case storefronts: ~85%. Challenging locations: ~82%.
- Indonesian Restaurant is ranked #5 for top businesses to open in Irving Woods: ~84% chance on average, best at ~86%, challenging at ~82%.
#6-10: Strong Performers in Irving Woods
- South American Restaurant — ~82%–~85% survivability range, with an average of ~84% across Irving Woods.
- Opening an American Restaurant in Irving Woods shows ~83% average survivability. Top locations reach ~84%; lower-end sites show ~81%.
- Salad Shop (Ranked #8): ~83% average in Irving Woods. Best-case storefronts: ~85%. Challenging locations: ~81%.
- Diner is ranked #9 for top businesses to open in Irving Woods: ~83% chance on average, best at ~85%, challenging at ~81%.
- Bangladeshi Restaurant — ~81%–~85% survivability range, with an average of ~82% across Irving Woods.
Top 3 Compared Nationally
How much money could a business in Irving Woods make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, selecting a storefront that StreetSpring ranks in the top tier for your business type in Irving Woods 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.
- Site selection is the highest-leverage decision most entrepreneurs make — it sets every other variable in motion.
- Maximizing your Survivability Score is the most reliable path to profitability.
- StreetSpring analyzes your specific address against comparable businesses to forecast success.
What businesses should open next in Irving Woods?
The top businesses to open next in Irving Woods:
- Kosher Restaurants — ~85% average survival rate, up to ~87% at best locations
- Italian Restaurants — ~85% average survival rate
- Ukrainian Restaurants — ~84% average survival rate
The most reliable survivability data for any specific location is always StreetSpring's most recent live analysis, not aggregate neighborhood rankings. We apply advanced machine learning to one of the largest commercial real estate outcome datasets in the country. StreetSpring's model accounts for Irving Woods's 94.4% employment rate when projecting survivability — businesses reliant on discretionary spend benefit disproportionately in well-employed neighborhoods. These rankings are a snapshot; StreetSpring recalculates survivability for every location in Irving Woods weekly, incorporating the latest competitive openings, closures, and spending data — check current locations 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 Irving Woods.
What type of business should you rent your Irving Woods storefront to?
The analysis is clear: in Irving Woods, Kosher Restaurants, Italian Restaurants, and Ukrainian Restaurants consistently score highest on survivability, giving landlords the best chance of retaining tenants for 2+ years.
- Site selection is the highest-leverage decision most entrepreneurs make — it sets every other variable in motion.
- StreetSpring analyzes your specific address against comparable businesses to forecast success. StreetSpring can show you which specific address in your portfolio scores highest for each tenant type.
Related: See How Landlord Representatives in Chicago Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Irving Woods storefront to a Kosher Restaurant?
Yes, StreetSpring's analysis finds that a Kosher Restaurant would be the best type of business to rent your storefront to, with a potential ~87% chance of lasting more than 2 years; however depending on your location, the chances could drop to a ~83% chance.
- StreetSpring analyzes your specific address against comparable businesses to forecast success.
What should I consider when opening a business in Irving Woods?
In Irving Woods, the single most important factor in your site-selection decision is the Survivability Score of the specific address you're evaluating.
- Of all the variables StreetSpring analyzes, Revenue Capture Score has the strongest predictive power.
- These predictions are generated by StreetSpring's proprietary machine learning system, validated against hundreds of thousands of real business outcomes.
- StreetSpring is free to use — see the current survivability score for any address in Irving Woods right now.
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.
Lease structure questions to ask first
| Factor | Where new owners get tripped up | Questions to ask before you sign |
|---|---|---|
| Lease term | Locking into 7-10 years without break clauses, then needing to relocate after year 2. | Negotiate a relocation or termination clause. Confirm assignment + sublease rights are in writing. |
| 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. |
| CAM + hidden costs | Stated rent looks great, then CAM fees, signage charges, and after-hours utilities add 15-30%. | Get the full operating expense breakdown for the past 2 years. Ask which costs are landlord-capped vs. uncapped. |
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
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- Business Survivability in Ansley Park, Atlanta
- Business Survivability in Ardmore, Atlanta
Local Data Questions
More questions answered with neighborhood-specific data from our 2026 corpus.
How does Irving Woods's vacancy rate affect commercial demand?
Irving Woods's housing vacancy rate is roughly 4%, compared to 8% across the Chicago metro. Low vacancy signals strong demand for space, which usually translates to competitive lease pricing and lower negotiation leverage.
Is Irving Woods a high-employment or high-unemployment area?
ACS labor-force data shows an employment rate of about 94% in Irving Woods, versus 94% across Chicago. Employment is close to the metro median, suggesting stable underlying demand.
What share of Irving Woods residents have a bachelor's degree or higher?
31% of Irving Woods adults have at least a bachelor's degree — below the Chicago metro median of 52%. Lower education attainment shifts demand toward value retail, services, and everyday needs.