Business Survivability in Near North, Minneapolis
StreetSpring's 2026 analysis finds that the best business to open in Near North is a Spa with a 80.5% 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 Spa in Near North (80.5% Typical, 86.6% Best)
- Neighborhood rank: #49 of 64 neighborhoods in and around Minneapolis
- Neighborhood average: 72.4% 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 Near North 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 Near North is a Spa with a 80.5% chance of surviving at least 2 years across the neighborhood on average, and 86.6% Best; next is a Veterinary Clinic with 86.6% Best, followed by a Liquor Store with 85.7% Best.
Is Near North a good place to start a business?
Among the 64 neighborhoods StreetSpring ranks in and around Minneapolis, Near North ranks #49 for business survivability, with an average 72.4% chance of lasting two or more years.
- For the top-ranked business type, 86.6% Best is 6.1 points above 80.5% Typical in Near North.
- However, those same business types at the weakest addresses in Near North can score considerably below average. Even the most in-demand concept in Near North will struggle if it opens at the wrong address.
- At 95.7% employed, Near North'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 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 Near North?
With StreetSpring, location selection in Near North moves from guesswork to a precise, address-level survivability score for any business type you're considering. Here is the top survivability address for a Spa in Near North, per StreetSpring's 2026 model:
According to StreetSpring's 2026 analysis, this circle outlines the best area for a Spa in Near North. Competition and spending patterns shift constantly; StreetSpring's live tool reflects the most current conditions for any specific address. StreetSpring's prediction model analyzes hundreds of factors across competition, spending on the specific potential business, projected revenue, projected market share, Revenue Capture Score, mobility patterns, and many more.
Check if this location is still available →
What are the best businesses to open in Near North?
| Rank | Business type | Best | Typical | Worst |
|---|---|---|---|---|
| 1 | Spa | 86.6% | 80.5% | 76.1% |
| 2 | Veterinary Clinic | 86.6% | 83.0% | 79.4% |
| 3 | Liquor Store | 85.7% | 79.1% | 75.5% |
| 4 | Chiropractor Office | 85.4% | 81.0% | 76.7% |
| 5 | Eye Care Center | 84.1% | 79.5% | 74.9% |
| 6 | Convenience Store | 83.0% | 77.2% | 73.1% |
| 7 | Bakery | 82.5% | 77.7% | 74.8% |
| 8 | Dentist Office | 82.5% | 78.3% | 74.2% |
| 9 | Mental Health Clinic | 82.5% | 78.1% | 73.8% |
| 14 | Cosmetics Shop | 80.6% | 75.6% | 71.3% |
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 Near North
- #1 Spa is ranked #1 for top businesses to open in Near North: 80.5% Typical, 86.6% Best, 76.1% Worst.
- #2 Veterinary Clinic: 83.0% Typical across Near North; Best 86.6%, Worst 79.4%.
- #3 Opening a Liquor Store in Near North shows 79.1% Typical survivability, 85.7% Best and 75.5% Worst.
- #4 Chiropractor Office (Ranked #4): 81.0% Typical in Near North. Best: 85.4%. Worst: 76.7%.
- #5 Eye Care Center is ranked #5 for top businesses to open in Near North: 79.5% Typical, 84.1% Best, 74.9% Worst.
Strong Performers in Near North
- #6 Convenience Store: 77.2% Typical across Near North; Best 83.0%, Worst 73.1%.
- #7 Opening a Bakery in Near North shows 77.7% Typical survivability, 82.5% Best and 74.8% Worst.
- #8 Dentist Office (Ranked #8): 78.3% Typical in Near North. Best: 82.5%. Worst: 74.2%.
- #9 Mental Health Clinic is ranked #9 for top businesses to open in Near North: 78.1% Typical, 82.5% Best, 73.8% Worst.
- #14 Cosmetics Shop: 75.6% Typical across Near North; Best 80.6%, Worst 71.3%.
Top 3 Compared Nationally
- Spa: See how this compares to other cities →
- Veterinary Clinic: See how this compares to other cities →
- Liquor Store: See how this compares to other cities →
How much money could a business in Near North make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, prioritizing survivability score in your site-selection process in Near North 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
- Even within a high-performing neighborhood, the best location varies by business type: StreetSpring scores each combination separately.
- Location is one of the few things about a new business you can measure before it opens.
- 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's precision goes beyond the neighborhood: it scores survivability at the exact address for every major brick-and-mortar business category.
What businesses should open next in Near North?
The top businesses to open next in Near North:
- Spas: 80.5% Typical, 86.6% Best
- Veterinary Clinics: 83.0% Typical, 86.6% Best
- Liquor Stores: 79.1% Typical, 85.7% Best
Competition and spending patterns shift constantly; StreetSpring's live tool reflects the most current conditions for any specific address. StreetSpring's accuracy is built on studying businesses that serve more than 180 million+ Americans across 24 cities. 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. Near North's 95.7% employment rate and 7.2% housing vacancy rate are two of the Census characteristics the model reads when it ranks business types here. StreetSpring regularly updates survivability scores for available locations: check the live tool now to see which storefronts in Near North are currently available and how they score.
See the Survivability Score for your new business
Related Articles:
- See the Minneapolis Business Survivability Rankings
- See the Minneapolis Neighborhood Survivability Rankings
- Explore Spa survivability across Minneapolis neighborhoods
Frequently Asked Questions
Here are the most common questions about opening a business in Near North.
What type of business should you rent your Near North storefront to?
If you own commercial space in Near North, StreetSpring's 2026 data points to Spas, Veterinary Clinics, and Liquor Stores as the tenant types with the strongest projected longevity at this location.
- Location is one of the few things about a new business you can measure before it opens.
- StreetSpring's precision goes beyond the neighborhood: it scores survivability at the exact address for every major brick-and-mortar business category. StreetSpring can show you which specific address in your portfolio scores highest for each tenant type.
Related: See How Landlord Representatives in Minneapolis Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Near North storefront to a Spa?
Yes, our 2026 model ranks a Spa first among business types for Near North storefronts, with 86.6% Best and 76.1% Worst.
- StreetSpring's precision goes beyond the neighborhood: it scores survivability at the exact address for every major brick-and-mortar business category.
What should I consider when opening a business in Near North?
When evaluating potential locations in Near North, start with the Survivability Score. It accounts for competition, spending, mobility, and market share in a single figure.
- StreetSpring's proprietary Revenue Capture Score, the revenue a business can capture at a specific address, is the factor that matters most when choosing where to open.
- These forecasts are generated using StreetSpring's unique analytical framework.
- Start with a free 10-minute trial: check the current survivability score for any Near North address on StreetSpring.
See the best place for your business at StreetSpring.
Real estate professionals and business owners across 24 major metros use StreetSpring to ground their site-selection decisions in data, not guesswork. 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.