Business Survivability in Diamond Lake, Minneapolis
StreetSpring's 2026 analysis finds that the best business to open in Diamond Lake is a Veterinary Clinic with a ~81% 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 Diamond Lake (~81% average survival rate, ~84% at best locations)
- Neighborhood rank: #22 across all neighborhoods in and around Minneapolis
- Neighborhood average: ~76% 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 Diamond Lake 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 Diamond Lake is a Veterinary Clinic with a ~81% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~84% chance; next is a Salad Shop with a 78.63% chance, followed by a Pizza Restaurant with a 78.36% chance.
Is Diamond Lake a good place to start a business?
Out of all neighborhoods analyzed in and around Minneapolis, Diamond Lake ranks #22 for business survivability with a ~76% average Survivability Score.
- The most promising business types in the best locations score a ~9% higher chance of surviving 2 years than the average.
- That said, the same business types at the worst-fit addresses in Diamond Lake can drop substantially below average. The survivability gap between the best and worst addresses in a single neighborhood can be 20 points or more.
- At 93.4% employed, Diamond Lake'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 Diamond Lake?
With StreetSpring, location selection in Diamond Lake moves from guesswork to a precise, address-level survivability score for any business type you're considering. The map below highlights the highest-survivability address for a Veterinary Clinic in Diamond Lake:
Based on StreetSpring's 2026 analysis of hundreds of location-specific factors, this area offers the highest projected survivability for a Veterinary Clinic in Diamond Lake. 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. Factors evaluated include competition at every distance band, consumer spending forecasts, mobility patterns, and market share projections.
Check if this location is still available →
What are the best businesses to open in Diamond Lake?
| # | Business type | Chance of lasting two or more years |
|---|---|---|
| 1 | Veterinary Clinic | 80.77% |
| 2 | Salad Shop | 78.63% |
| 3 | Pizza Restaurant | 78.36% |
| 4 | Brunch Restaurant | 77.05% |
| 5 | Smoke Shop | 76.78% |
| 6 | Grocery Store | 76.69% |
| 7 | Gym | 76.61% |
| 8 | Seafood Restaurant | 74.55% |
| 9 | Hair Salon | 74.36% |
| 10 | Beauty Salon | 74.25% |
#1-5: Highest Survivability in Diamond Lake
- Veterinary Clinic (Ranked #1): 80.77% average in Diamond Lake. Best-case storefronts: ~84%. Challenging locations: ~76%.
- Salad Shop is ranked #2 for top businesses to open in Diamond Lake: 78.63% chance on average, best at ~82%, challenging at ~76%.
- Pizza Restaurant — ~74%–~81% survivability range, with an average of 78.36% across Diamond Lake.
- Opening a Brunch Restaurant in Diamond Lake shows 77.05% average survivability. Top locations reach ~81%; lower-end sites show ~71%.
- Smoke Shop (Ranked #5): 76.78% average in Diamond Lake. Best-case storefronts: ~80%. Challenging locations: ~73%.
#6-10: Strong Performers in Diamond Lake
- Grocery Store is ranked #6 for top businesses to open in Diamond Lake: 76.69% chance on average, best at ~80%, challenging at ~72%.
- Gym — ~72%–~80% survivability range, with an average of 76.61% across Diamond Lake.
- Opening a Seafood Restaurant in Diamond Lake shows 74.55% average survivability. Top locations reach ~79%; lower-end sites show ~70%.
- Hair Salon (Ranked #9): 74.36% average in Diamond Lake. Best-case storefronts: ~79%. Challenging locations: ~71%.
- Beauty Salon is ranked #10 for top businesses to open in Diamond Lake: 74.25% chance on average, best at ~78%, challenging at ~71%.
Top 3 Compared Nationally
- Veterinary Clinic — See how this compares to other cities →
- Salad Shop — See how this compares to other cities →
- Pizza Restaurant — See how this compares to other cities →
How much money could a business in Diamond Lake 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 Diamond Lake could lead to you making ~9% more than if you selected an average location, and ~32% 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.
- StreetSpring's analysis shows that businesses in top-scoring locations generate meaningfully more revenue and stay open longer than those in average locations.
- StreetSpring analyzes your specific address against comparable businesses to forecast success.
What businesses should open next in Diamond Lake?
The top businesses to open next in Diamond Lake:
- Veterinary Clinics — 80.77% average survival rate, ~84% at the best address
- Salad Shops — 78.63% average survival rate
- Pizza Restaurants — 78.36% 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 measures competition through a 30-factor framework layered on top of proprietary consumer spending forecasts and mobility models. 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. Diamond Lake sits at 93.4% employment and 2.6% commercial vacancy — conditions that set the ceiling and floor for Revenue Capture potential across all business types here. The data behind these rankings is updated weekly, so the best available storefront in Diamond Lake today may score differently than it did last month — check StreetSpring's live tool for the current picture.
See the Survivability Score for your new business
Related Articles:
- See the Minneapolis Business Survivability Rankings
- See the Minneapolis Neighborhood Survivability Rankings
- Explore Veterinary Clinic survivability across Minneapolis neighborhoods
Frequently Asked Questions
Here are the most common questions about opening a business in Diamond Lake.
What type of business should you rent your Diamond Lake storefront to?
Our 2026 survivability data for Diamond Lake shows that Veterinary Clinics, Salad Shops, and Pizza 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.
- StreetSpring analyzes your specific address against comparable businesses to forecast success. StreetSpring's free tool lets you check the survivability score for any business type at any address in Diamond Lake — a powerful filter when evaluating prospective tenants.
Related: See How Landlord Representatives in Minneapolis Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Diamond Lake storefront to a Veterinary Clinic?
The data shows a Veterinary Clinic is the safest long-term bet for a Diamond Lake storefront. Top locations reach ~84% survivability; the least favorable addresses in this neighborhood score around ~76%.
- StreetSpring analyzes your specific address against comparable businesses to forecast success.
What should I consider when opening a business in Diamond Lake?
When evaluating potential locations in Diamond Lake, start with the Survivability Score. It accounts for competition, spending, mobility, and market share in a single figure.
- Among all the inputs that shape survivability, Revenue Capture Score carries the most predictive weight.
- StreetSpring's in-house models are continuously updated with new business outcome data to keep predictions accurate.
- You can access the most up-to-date forecasts with StreetSpring for free.
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 Minneapolis are available in machine-readable format for research and integration purposes.
Full dataset for Minneapolis: /resources/data/minneapolis-survivability-scores-2026.csv — includes all business subtypes, all neighborhoods, survivability scores, and tier assignments. Licensed under CC BY 4.0.