Business Survivability in Ravenswood, Chicago
StreetSpring's 2026 analysis finds that the best business to open in Ravenswood is a Convenience Store with a 83.1% 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 Convenience Store in Ravenswood (83.1% Typical, 89.3% Best)
- Neighborhood rank: #24 of 99 neighborhoods in and around Chicago
- Neighborhood average: 73.0% two-year survival across the business types ranked here
- 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: November 2026 by Robert Koons, Founder & CEO, StreetSpring
In this article:
- Summary
- Is Ravenswood 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 Ravenswood is a Convenience Store with a 83.1% chance of surviving at least 2 years across the neighborhood on average, and 89.3% Best; next is a Laundromat with 89.0% Best, followed by a Clothing Store with 88.9% Best.
Is Ravenswood a good place to start a business?
Ravenswood is ranked number 24 of 99 neighborhoods in and around Chicago to start a business, with an average 73.0% chance of lasting two or more years across the business types ranked there.
- For the top-ranked business type, 89.3% Best is 6.2 points above 83.1% Typical in Ravenswood.
- Yet the same categories that score highest in Ravenswood can underperform significantly at the wrong address. Location precision within the neighborhood matters as much as choosing the neighborhood itself.
- Ravenswood's employment rate of 95.9% and housing vacancy rate of 9.0% are two of the Census inputs StreetSpring's model reads for this neighborhood.
Employment and housing vacancy figures sourced from the U.S. Census Bureau American Community Survey.
How can you find the best location to open a business in Ravenswood?
StreetSpring's Ravenswood data goes block by block (not just neighborhood averages) so you know which specific storefront gives your concept the strongest foundation. The location below represents the address in Ravenswood with the highest projected survivability for a Convenience Store:
The highlighted area represents the address in Ravenswood that StreetSpring's 2026 analysis ranks highest for a Convenience Store survivability. Market conditions are changing daily, and it is best to use StreetSpring's most up-to-date data. StreetSpring's scoring incorporates hundreds of inputs, including competitive quality and density, projected consumer spending, Revenue Capture Score, and local demand patterns.
Check if this location is still available →
What are the best businesses to open in Ravenswood?
| Rank | Business type | Best | Typical | Worst |
|---|---|---|---|---|
| 1 | Convenience Store | 89.3% | 83.1% | 78.0% |
| 2 | Laundromat | 89.0% | 82.7% | 77.2% |
| 3 | Clothing Store | 88.9% | 80.8% | 75.7% |
| 4 | Chiropractor Office | 88.8% | 85.1% | 81.5% |
| 5 | Cafe | 88.7% | 83.1% | 77.8% |
| 6 | Veterinary Clinic | 88.6% | 84.9% | 81.3% |
| 7 | Turkish Restaurant | 88.2% | 82.5% | 77.5% |
| 8 | Italian Restaurant | 88.0% | 82.3% | 77.3% |
| 12 | Coffee Shop | 87.2% | 80.2% | 75.4% |
| 14 | Dentist Office | 85.3% | 80.6% | 75.9% |
Best and Worst are the average results for the better and the worse of two addresses picked at random in the place: a weighted average of every scored location in which the best locations count the most for Best and the weakest count the most for Worst. Typical is the average address. Best is shown for a smaller space (half the standard size) and Worst for a larger one (half again as large), at the metro's median asking rent, using the same rent rule as our tool; Typical is at the market rent.
The rank column is the published file's rank within this place; a skipped number is a business type the file ranks here that this list leaves out to keep any one business family from filling it.
Highest Survivability in Ravenswood
- #1 Convenience Store is ranked #1 for top businesses to open in Ravenswood: 83.1% Typical, 89.3% Best, 78.0% Worst.
- #2 Laundromat: 82.7% Typical across Ravenswood; Best 89.0%, Worst 77.2%.
- #3 Opening a Clothing Store in Ravenswood shows 80.8% Typical survivability, 88.9% Best and 75.7% Worst.
- #4 Chiropractor Office (Ranked #4): 85.1% Typical in Ravenswood. Best: 88.8%. Worst: 81.5%.
- #5 Cafe is ranked #5 for top businesses to open in Ravenswood: 83.1% Typical, 88.7% Best, 77.8% Worst.
Strong Performers in Ravenswood
- #6 Veterinary Clinic: 84.9% Typical across Ravenswood; Best 88.6%, Worst 81.3%.
- #7 Opening a Turkish Restaurant in Ravenswood shows 82.5% Typical survivability, 88.2% Best and 77.5% Worst.
- #8 Italian Restaurant (Ranked #8): 82.3% Typical in Ravenswood. Best: 88.0%. Worst: 77.3%.
- #12 Coffee Shop is ranked #12 for top businesses to open in Ravenswood: 80.2% Typical, 87.2% Best, 75.4% Worst.
- #14 Dentist Office: 80.6% Typical across Ravenswood; Best 85.3%, Worst 75.9%.
Top 3 Compared Nationally
- Convenience Store: See how this compares to other cities →
- Laundromat: See how this compares to other cities →
- Clothing Store: See how this compares to other cities →
How much money could a business in Ravenswood make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, securing a location with maximum Revenue Capture potential in Ravenswood starts with the Revenue Capture Score, the most important factor in choosing a location: StreetSpring's estimate of the revenue a business can capture at that address.
How StreetSpring calculates location value
- Location fit is business-type-specific: a spot that's ideal for a coffee shop may underperform for a nail salon at the same address.
- Location is the part of a new business you can compare address by address before committing.
- StreetSpring's Revenue Capture Score, the revenue a business can capture at a specific address, is the factor that matters most when comparing locations.
- StreetSpring gives you a precise survivability probability for any specific address and business type combination, not a generalized estimate.
What businesses should open next in Ravenswood?
The top businesses to open next in Ravenswood:
- Convenience Stores: 83.1% Typical, 89.3% Best
- Laundromats: 82.7% Typical, 89.0% Best
- Clothing Stores: 80.8% Typical, 88.9% Best
Market conditions are changing daily, and it is best to use StreetSpring's most up-to-date data. Our platform incorporates data from thousands of neighborhoods nationwide. 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. The survivability rankings for Ravenswood draw on real Census conditions, including 95.9% employment and 9.0% housing vacancy, alongside competition and consumer spending. Because market conditions shift constantly, StreetSpring regularly updates every location's survivability score: you can see current scores for available storefronts in Ravenswood right now.
See the Survivability Score for your new business
Related Articles:
- See the Chicago Business Survivability Rankings
- See the Chicago Neighborhood Survivability Rankings
- Explore Convenience Store survivability across Chicago neighborhoods
Frequently Asked Questions
Here are the most common questions about opening a business in Ravenswood.
What type of business should you rent your Ravenswood storefront to?
StreetSpring's analysis shows that the categories most likely to produce stable, long-term tenants in Ravenswood are Convenience Stores, Laundromats, and Clothing Stores.
- Location is the part of a new business you can compare address by address before committing.
- StreetSpring gives you a precise survivability probability for any specific address and business type combination, not a generalized estimate. 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 Ravenswood storefront to a Convenience Store?
StreetSpring's 2026 analysis supports renting to a Convenience Store in Ravenswood: it posts 89.3% Best, and 78.0% Worst.
- StreetSpring gives you a precise survivability probability for any specific address and business type combination, not a generalized estimate.
What should I consider when opening a business in Ravenswood?
When opening a business in Ravenswood, compare the Survivability Scores of your shortlisted addresses and favor the highest one your budget allows.
- The Revenue Capture Score is the most important factor in choosing a location: it is StreetSpring's estimate of the revenue a business can capture at that address.
- StreetSpring's proprietary algorithms power these predictions.
- StreetSpring's address-level survivability data starts with a free 10-minute trial: begin with your top candidate locations in Ravenswood.
See the best place for your business at StreetSpring.
StreetSpring's AI platform has studied businesses serving more than 180 million+ Americans, giving its predictions a scale of validation unmatched in site-selection tools. 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.