Business Survivability in Elmwood Park, Detroit
StreetSpring's 2026 analysis finds that the best business to open in Elmwood Park is an Italian Restaurant with a ~84% chance of surviving at least 2 years across the neighborhood on average.
Quick Summary
- Best business: an Italian Restaurant in Elmwood Park (~84% average survival rate, ~85% at best locations)
- Neighborhood rank: #5 across all neighborhoods in and around Detroit
- Neighborhood average: ~77% two-year survival across all business types
- Rankings updated quarterly with latest market data
- Detailed methodology
Last reviewed: August 2026 by Bobby Koons, Founder & CEO, StreetSpring
In this article:
- Summary
- Is Elmwood 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 Elmwood Park is an Italian Restaurant with a ~84% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~85% chance; next is a Kosher Restaurant with a ~84% chance, followed by a Singaporean Restaurant with a ~84% chance.
Is Elmwood Park a good place to start a business?
Elmwood Park is ranked number 5 across neighborhoods in and around Detroit to start a business, with an average Survivability Score of ~77%.
- Top-performing business types at the best addresses in Elmwood Park show a ~2% survival rate advantage over the neighborhood average.
- Yet the same categories that score highest in Elmwood Park can underperform significantly at the wrong address. Location precision within the neighborhood matters as much as choosing the neighborhood itself.
- Elmwood Park's employment rate of 94.7% and commercial vacancy of 7.1% are two of the inputs StreetSpring's model uses to differentiate survivability within this neighborhood.
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 Elmwood Park?
StreetSpring narrows the decision down to the exact address — showing which blocks in Elmwood Park produce the highest survivability scores for your concept. Here is the top survivability address for an Italian Restaurant in Elmwood Park, per StreetSpring's 2026 model:
StreetSpring's 2026 model identifies this area as the highest-survivability location for an Italian Restaurant in Elmwood Park. Neighborhood-level averages are a starting point — the exact address will determine your actual survivability score. 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 Elmwood Park?
#1-5: Highest Survivability in Elmwood Park
- Italian Restaurant (Ranked #1): ~84% average in Elmwood Park. Best-case storefronts: ~85%. Challenging locations: ~83%.
- Kosher Restaurant is ranked #2 for top businesses to open in Elmwood Park: ~84% chance on average, best at ~86%, challenging at ~82%.
- Singaporean Restaurant — ~82%–~86% survivability range, with an average of ~84% across Elmwood Park.
- Opening a Filipino Restaurant in Elmwood Park shows ~84% average survivability. Top locations reach ~85%; lower-end sites show ~82%.
- Eastern European Restaurant (Ranked #5): ~83% average in Elmwood Park. Best-case storefronts: ~85%. Challenging locations: ~82%.
#6-10: Strong Performers in Elmwood Park
- Pet Boarding Facility is ranked #6 for top businesses to open in Elmwood Park: ~83% chance on average, best at ~85%, challenging at ~81%.
- Chiropractor Office — ~80%–~85% survivability range, with an average of ~82% across Elmwood Park.
- Opening an American Restaurant in Elmwood Park shows ~82% average survivability. Top locations reach ~84%; lower-end sites show ~80%.
- Scandinavian Restaurant (Ranked #9): ~82% average in Elmwood Park. Best-case storefronts: ~84%. Challenging locations: ~81%.
- Music Store is ranked #10 for top businesses to open in Elmwood Park: ~82% chance on average, best at ~85%, challenging at ~80%.
Top 3 Compared Nationally
- Italian Restaurant — See how this compares to other cities →
- Kosher Restaurant — See how this compares to other cities →
- Singaporean Restaurant — See how this compares to other cities →
How much money could a business in Elmwood Park make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, prioritizing survivability score in your site-selection process in Elmwood 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.
- 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 over 700 business types at any given storefront.
What businesses should open next in Elmwood Park?
The top businesses to open next in Elmwood Park:
- Italian Restaurants — ~84% average survival rate, up to ~85% at best locations
- Kosher Restaurants — ~84% average survival rate
- Singaporean Restaurants — ~84% average survival rate
Neighborhood-level averages are a starting point — the exact address will determine your actual survivability score. Our analysis covers every major metro in the country — 24 cities and 180 million++ consumers. The survivability rankings for Elmwood Park are grounded in real economic conditions: 94.7% employment and 7.1% vacancy are among the key inputs that separate high-scoring locations from low-scoring ones here. StreetSpring refreshes survivability scores every week to reflect new competition and updated spending data — see which locations in Elmwood Park are available right now and how they rank.
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 Elmwood Park.
What type of business should you rent your Elmwood Park storefront to?
Our 2026 survivability data for Elmwood Park shows that Italian Restaurants, Kosher Restaurants, and Singaporean Restaurants rank as the top tenant categories for minimizing vacancy risk.
- 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 over 700 business types at any given storefront. Run your specific address through StreetSpring to see which tenant categories give you the best odds of stable, long-term occupancy.
Related: See How Landlord Representatives in Detroit Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Elmwood Park storefront to an Italian Restaurant?
StreetSpring's 2026 analysis strongly supports renting to an Italian Restaurant in Elmwood Park: best-in-class addresses achieve ~85% survivability, and even the lower-end sites come in at ~83% — above average for most business types.
- Our address-level scoring shows the exact survivability odds for over 700 business types at any given storefront.
What should I consider when opening a business in Elmwood Park?
Survivability Score is the North Star metric for any location decision in Elmwood Park: it aggregates 100+ factors so you don't have to evaluate each one individually.
- StreetSpring's analysis consistently shows Revenue Capture Score predicts survival odds more accurately than demographic data or foot traffic estimates alone.
- These predictions are generated by StreetSpring's proprietary machine learning system, validated against hundreds of thousands of real business outcomes.
- Access StreetSpring's current survivability data for any address in Elmwood Park for free at any time.
See the best place for your business at StreetSpring.
Powered by machine learning models trained on real business outcomes, StreetSpring delivers actionable insights. Aggregated survivability rankings for Detroit are available in machine-readable format for research and integration purposes.
Full dataset for Detroit: /resources/data/detroit-survivability-scores-2026.csv — includes all business subtypes, all neighborhoods, survivability scores, and tier assignments. Licensed under CC BY 4.0.