Business Survivability in Ravenswood, Chicago
StreetSpring's 2026 analysis finds that the best business to open in Ravenswood is a Veterinary Clinic with a ~82% 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 Veterinary Clinic in Ravenswood (~82% average survival rate, ~85% at best locations)
- Neighborhood rank: #31 across all neighborhoods in and around Chicago
- Neighborhood average: ~78% 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 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 Veterinary Clinic with a ~82% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~85% chance; next is a Physical Therapy Clinic with a 82.20% chance, followed by an Acupuncture Clinic with a 81.49% chance.
Is Ravenswood a good place to start a business?
Ravenswood holds the #31 position in and around Chicago for new business survivability, averaging ~78% across all analyzed business types.
- Across Ravenswood, the best addresses for its highest-ranked business types score ~7% above the neighborhood mean.
- Even so, the weakest addresses in Ravenswood for those same business types can underperform considerably. StreetSpring's address-level scoring exists precisely to identify which specific storefronts make the difference.
- At 95.9% employed, Ravenswood's consumer base has the spending capacity that makes the neighborhood viable for a wide range of business types, though location selection within the neighborhood still determines actual survivability.
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 Ravenswood?
StreetSpring's address-level analysis reveals which specific storefronts in Ravenswood offer the strongest survivability odds for your business type. Here is the top survivability address for a Veterinary Clinic in Ravenswood, per StreetSpring's 2026 model:
StreetSpring's 2026 model identifies this area as the highest-survivability location for a Veterinary Clinic in Ravenswood. Static rankings can't capture every recent change in competition or consumer spending; StreetSpring's live platform provides the current score for your exact address. The model evaluates hundreds of factors, from primary and secondary competition to forecasted spend, site accessibility, and local market share potential.
Check if this location is still available →
What are the best businesses to open in Ravenswood?
| # | Business type | Chance of lasting two or more years at a good address |
|---|---|---|
| 1 | Veterinary Clinic | 84.00% |
| 2 | Physical Therapy Clinic | 83.99% |
| 3 | Acupuncture Clinic | 82.79% |
| 4 | Chiropractor Office | 82.78% |
| 5 | Southern Food Restaurant | 81.79% |
| 6 | African Restaurant | 81.30% |
| 7 | Persian Restaurant | 81.29% |
| 8 | Bar | 80.40% |
| 9 | Dance Club | 79.70% |
| 10 | Coffee Shop | 79.51% |
#1-5: Highest Survivability in Ravenswood
- Veterinary Clinic is ranked #1 for top businesses to open in Ravenswood: 82.40% chance on average, best at ~85%, challenging at ~81%.
- Physical Therapy Clinic: ~79% to ~85% survivability range, with an average of 82.20% across Ravenswood.
- Opening an Acupuncture Clinic in Ravenswood shows 81.49% average survivability. Top locations reach ~84%; lower-end sites show ~78%.
- Chiropractor Office (Ranked #4): 81.39% average in Ravenswood. Best-case storefronts: ~84%. Challenging locations: ~78%.
- Southern Food Restaurant is ranked #5 for top businesses to open in Ravenswood: 79.40% chance on average, best at ~82%, challenging at ~77%.
#6-10: Strong Performers in Ravenswood
- African Restaurant: ~77% to ~82% survivability range, with an average of 79.00% across Ravenswood.
- Opening a Persian Restaurant in Ravenswood shows 78.61% average survivability. Top locations reach ~83%; lower-end sites show ~76%.
- Bar (Ranked #8): 77.40% average in Ravenswood. Best-case storefronts: ~81%. Challenging locations: ~74%.
- Dance Club is ranked #9 for top businesses to open in Ravenswood: 78.51% chance on average, best at ~81%, challenging at ~74%.
- Coffee Shop: ~73% to ~80% survivability range, with an average of 77.31% across Ravenswood.
Top 3 Compared Nationally
- Veterinary Clinic: See how this compares to other cities →
- Physical Therapy Clinic: See how this compares to other cities →
- Acupuncture Clinic: 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, identifying the optimal address for your business type in Ravenswood could lead to you making ~7% more than if you selected an average location, and ~13% more than if you selected one of the worst locations.
How StreetSpring calculates location value
- Even within a high-performing neighborhood, the best location varies by business type: StreetSpring scores each combination separately.
- Among all variables that affect business outcomes, location has the highest predictive weight in our models.
- Survivability Score is not just a survival metric: it's a revenue predictor, and the higher the score, the stronger the long-term financial outlook.
- Our address-level scoring shows the exact survivability odds for 500+ business types at any given storefront.
What businesses should open next in Ravenswood?
The top businesses to open next in Ravenswood:
- Veterinary Clinics: 82.40% average survival rate, ~85% at the best address
- Physical Therapy Clinics: 82.20% average survival rate
- Acupuncture Clinics: 81.49% average survival rate
Static rankings can't capture every recent change in competition or consumer spending; 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 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 are grounded in real economic conditions: 95.9% employment and 9.0% vacancy are among the key inputs that separate high-scoring locations from low-scoring ones here. Survivability scores are recalculated weekly as new competitors open and spending patterns shift: visit StreetSpring to see the current score for any open location 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 Veterinary Clinic 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?
The analysis is clear: in Ravenswood, Veterinary Clinics, Physical Therapy Clinics, and Acupuncture Clinics consistently score highest on survivability, giving landlords the best chance of retaining tenants for two or more years.
- Among all variables that affect business outcomes, location has the highest predictive weight in our models.
- Our address-level scoring shows the exact survivability odds for 500+ business types at any given storefront. 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 Veterinary Clinic?
StreetSpring's data confirms a Veterinary Clinic as the highest-survivability tenant type for Ravenswood. The best addresses show a ~85% chance of lasting more than 2 years; less optimal addresses score around ~81%.
- Our address-level scoring shows the exact survivability odds for 500+ business types at any given storefront.
What should I consider when opening a business in Ravenswood?
Don't commit to a storefront in Ravenswood without first checking its Survivability Score: the difference between a 70% and a 90% score at two addresses on the same block can determine your long-term outcome.
- A strong Revenue Capture Score reflects the ideal balance of manageable competition and robust consumer spending at that specific address.
- StreetSpring's custom-built forecasting infrastructure powers every survivability score, combining data science with commercial real estate intelligence.
- StreetSpring's live survivability scores start with a free 10-minute trial: check your specific address now.
See the best place for your business at StreetSpring.
StreetSpring uses AI to predict business survivability across U.S. neighborhoods, trusted by real estate professionals and entrepreneurs nationwide. 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.