Business Survivability in Ericsson, Minneapolis
StreetSpring's 2026 analysis finds that the best business to open in Ericsson is a Veterinary Clinic with a 87.5% 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 Ericsson (87.5% Typical, 89.5% Best)
- Neighborhood rank: #38 of 64 neighborhoods in and around Minneapolis
- Neighborhood average: 73.9% 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 Ericsson 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 Ericsson is a Veterinary Clinic with a 87.5% chance of surviving at least 2 years across the neighborhood on average, and 89.5% Best; next is a Bar with 86.9% Best, followed by a Spa with 86.0% Best.
Is Ericsson a good place to start a business?
StreetSpring ranks Ericsson #38 of 64 neighborhoods in and around Minneapolis, with an average Survivability Score of 73.9% across the business types ranked there.
- For the top-ranked business type, 89.5% Best is 2.0 points above 87.5% Typical in Ericsson.
- However, these same business types at the worst locations in Ericsson can sometimes provide a projected Survivability Score considerably below the average. Thus, even the businesses that are most in need in Ericsson could have trouble succeeding if the best location is not selected.
- The 96.7% employment rate in Ericsson supports consumer spending, while its 9.3% housing vacancy rate measures the share of homes and apartments standing empty: the model reads both as neighborhood characteristics.
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 Ericsson?
With StreetSpring, location selection in Ericsson moves from guesswork to a precise, address-level survivability score for any business type you're considering. StreetSpring's 2026 analysis identifies this area as the top location for a Veterinary Clinic in Ericsson:
StreetSpring's 2026 model identifies this area as the highest-survivability location for a Veterinary Clinic in Ericsson. 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 Ericsson?
| Rank | Business type | Best | Typical | Worst |
|---|---|---|---|---|
| 1 | Veterinary Clinic | 89.5% | 87.5% | 85.6% |
| 2 | Bar | 86.9% | 83.1% | 79.3% |
| 3 | Spa | 86.0% | 79.9% | 75.8% |
| 4 | Coffee Shop | 85.9% | 81.6% | 77.7% |
| 5 | Eye Care Center | 85.6% | 80.7% | 75.8% |
| 6 | Chiropractor Office | 85.3% | 81.3% | 77.3% |
| 7 | Smoke Shop | 85.3% | 78.7% | 74.9% |
| 8 | Hair Salon | 85.3% | 78.2% | 74.4% |
| 9 | Grocery Store | 85.2% | 78.8% | 75.2% |
| 10 | Liquor Store | 84.7% | 77.6% | 73.1% |
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.
Highest Survivability in Ericsson
- #1 Opening a Veterinary Clinic in Ericsson shows 87.5% Typical survivability, 89.5% Best and 85.6% Worst.
- #2 Bar (Ranked #2): 83.1% Typical in Ericsson. Best: 86.9%. Worst: 79.3%.
- #3 Spa is ranked #3 for top businesses to open in Ericsson: 79.9% Typical, 86.0% Best, 75.8% Worst.
- #4 Coffee Shop: 81.6% Typical across Ericsson; Best 85.9%, Worst 77.7%.
- #5 Opening an Eye Care Center in Ericsson shows 80.7% Typical survivability, 85.6% Best and 75.8% Worst.
Strong Performers in Ericsson
- #6 Chiropractor Office (Ranked #6): 81.3% Typical in Ericsson. Best: 85.3%. Worst: 77.3%.
- #7 Smoke Shop is ranked #7 for top businesses to open in Ericsson: 78.7% Typical, 85.3% Best, 74.9% Worst.
- #8 Hair Salon: 78.2% Typical across Ericsson; Best 85.3%, Worst 74.4%.
- #9 Opening a Grocery Store in Ericsson shows 78.8% Typical survivability, 85.2% Best and 75.2% Worst.
- #10 Liquor Store (Ranked #10): 77.6% Typical in Ericsson. Best: 84.7%. Worst: 73.1%.
Top 3 Compared Nationally
- Veterinary Clinic: See how this compares to other cities →
- Bar: See how this compares to other cities →
- Spa: See how this compares to other cities →
How much money could a business in Ericsson make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, prioritizing survivability score in your site-selection process in Ericsson 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.
- The address you choose determines your competitive exposure, customer flow, and spending potential simultaneously.
- Compare the Revenue Capture Score of each shortlisted address first: it is the top factor in choosing a location, and it estimates the revenue a business can capture there.
- Two storefronts on the same street can have different survivability scores: StreetSpring calculates each one individually.
What businesses should open next in Ericsson?
The top businesses to open next in Ericsson:
- Veterinary Clinics: 87.5% Typical, 89.5% Best
- Bars: 83.1% Typical, 86.9% Best
- Spas: 79.9% Typical, 86.0% Best
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 draws from 100+ location-specific factors to generate each survivability score. 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 96.7% employment rate in Ericsson is a key signal of consumer health, and the 9.3% housing vacancy rate is another Census characteristic the model reads for the rankings above. Survivability scores are live, not static: StreetSpring updates them regularly. Visit the tool to see what's currently available in Ericsson and how each address is scoring right now.
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 Ericsson.
What type of business should you rent your Ericsson storefront to?
Our 2026 survivability data for Ericsson shows that Veterinary Clinics, Bars, and Spas rank as the top tenant categories for minimizing vacancy risk.
- The address you choose determines your competitive exposure, customer flow, and spending potential simultaneously.
- Two storefronts on the same street can have different survivability scores: StreetSpring calculates each one individually. Use StreetSpring to see the survivability score for any business type at your exact storefront address before you sign a lease.
Related: See How Landlord Representatives in Minneapolis Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Ericsson storefront to a Veterinary Clinic?
Yes, StreetSpring's analysis finds that a Veterinary Clinic would be the best type of business to rent your storefront to in Ericsson, with 89.5% Best and 85.6% Worst for the chance of lasting two or more years.
- Two storefronts on the same street can have different survivability scores: StreetSpring calculates each one individually.
What should I consider when opening a business in Ericsson?
Check the Survivability Score for your specific address in Ericsson before signing a lease, alongside your own read of foot traffic and the local customer base.
- 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.
- These insights come from StreetSpring's exclusive, in-house forecasting models.
- Check StreetSpring's current survivability data for any address in Ericsson, starting with a free 10-minute trial.
See the best place for your business at StreetSpring.
StreetSpring combines proprietary data with advanced analytics to predict which businesses will succeed. 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.