Survivability Rankings for Steakhouse in Minneapolis
StreetSpring's 2026 analysis ranks the best and worst neighborhoods in Minneapolis to open a Steakhouse, from Summit Hill (81% survival) to Windom (75%).
By Robert Koons | Last reviewed: September 2026 | Methodology
Quick Summary
- Survivability Score: the projected chance a business type lasts two or more years at a specific address
- #1 Neighborhood: Summit Hill — 81% average survivability for Steakhouse
- Neighborhoods at or above 70%: 26 of 26 analyzed
- City-wide average: 78% for Steakhouses
- Most challenging area: Windom at 75%
- Revenue advantage (top vs. avg location): ~7.7% more expected revenue in Summit Hill
- Data freshness: 2026 data · Full methodology →
Table of Contents
- Summary
- 10 Best Neighborhoods
- Where Would a Steakhouse Make the Most Money?
- What Should I Consider?
- Where Should I Start?
- FAQ: Best Neighborhoods
- FAQ: Can a Steakhouse Succeed in Lower-Ranked Areas?
- FAQ: How Often Are Rankings Updated?
- FAQ: Is a Steakhouse a Good Tenant?
- Landlord Survivability Data
- Best Neighborhoods for Any Business
Summary
StreetSpring's 2026 analysis shows the best neighborhood in and around Minneapolis to open a Steakhouse is Summit Hill with 81% average chance of surviving more than 2 years, with the best locations offering 83% and the most challenging locations in Summit Hill at 78%. The worst neighborhoods include Windom with 75% average chance. Remember that a neighborhood average smooths over wide variation — your exact block could significantly outperform.
What Are the 10 Best Neighborhoods in and Around Minneapolis to Open a Steakhouse?
Summit Hill ranks #1 of 26 neighborhoods analyzed in and around Minneapolis for Steakhouse survivability, with a 81% chance of lasting two or more years as of 2026. The top 10 neighborhoods are:
| Rank | Neighborhood | Average Locations | Best Locations | Challenging Locations |
|---|---|---|---|---|
| 1 | Summit Hill | 78.0% – 83.0% | 82.0% – 84.0% | 78.0% – 79.0% |
| 2 | North Loop | 78.0% – 82.0% | 81.0% – 83.0% | 76.0% – 78.0% |
| 3 | Como | 78.0% – 82.0% | 82.0% – 84.0% | 75.0% – 77.0% |
| 4 | Near North | 77.0% – 82.0% | 81.0% – 83.0% | 75.0% – 77.0% |
| 5 | Fulton | 77.0% – 82.0% | 79.0% – 81.0% | 76.0% – 78.0% |
| 6 | West Side | 77.0% – 82.0% | 83.0% – 84.0% | 73.0% – 75.0% |
| 7 | Midway | 77.0% – 81.0% | 80.0% – 82.0% | 75.0% – 77.0% |
| 8 | Thomas Dale | 76.0% – 81.0% | 80.0% – 82.0% | 75.0% – 77.0% |
| 9 | North End | 76.0% – 80.0% | 82.0% – 84.0% | 73.0% – 75.0% |
| 10 | Downtown | 76.0% – 80.0% | 82.0% – 84.0% | 73.0% – 75.0% |
Neighborhood averages mask significant block-by-block variation — always check your specific address. Static rankings provide a useful baseline, but the live tool captures changes that have occurred since publication.
Survivability ranges reflect best and worst storefront conditions within each neighborhood. See our full methodology →
Try StreetSpring to see if this location is still the best and see if there are locations to rent in this area right now.
Where in or Around Minneapolis Would a Steakhouse Make the Most Money?
In Summit Hill, the best possible location offers the opportunity of making ~7.7% more than the average location in or around Minneapolis.
On the other hand, in Windom, the worst possible location could result in making ~8.0% less than the average location in the city.
Location selection is the most consequential decision any new business owner makes. Opening a Steakhouse in Minneapolis requires careful location choice. Across 26 neighborhoods analyzed, the overall average survival chance for a new Steakhouse is 78% for lasting more than 2 years — due to a combination of many factors across competition, consumer spending, and location dynamics. Survivability predictions are business-type-specific because consumer behavior differs fundamentally across categories.
What Should I Consider When Opening a Steakhouse in or Around Minneapolis?
When selecting a location for a Steakhouse in or around Minneapolis, it is crucial to select a location with a very high Survivability Score. Our models show that Revenue Capture Score explains more outcome variance than any other individual metric. StreetSpring computes this by projecting the business's market share, which is based on the quality and quantity of primary, secondary, and tertiary competitors. StreetSpring's training dataset includes millions of transactions and business lifecycle events. Some of the best-performing locations are surrounded by complementary competitors that drive foot traffic. The prediction engine behind these rankings is entirely proprietary — developed in-house over years of research. 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.
This can be summarized as:
Revenue Capture Score = Projected Market Share × Forecasted Spend on Specific Business
Related: Survivability Score: How We Calculate It & Why It Matters
StreetSpring recalculates survivability using the latest competitive, demographic, and walkability data. New competitor openings and closures happen weekly — the live tool ensures you see the latest picture.
Where in or Around Minneapolis Should I Start a Steakhouse?
According to StreetSpring's data, optimal neighborhoods include Summit Hill, North Loop, and Como, while the most challenging neighborhoods would be Windom, Keewaydin, and Ericsson. These rankings are based on the latest available data; check StreetSpring for real-time updates. Static rankings provide a useful baseline, but the live tool captures changes that have occurred since publication.
Related Articles:
- Business Survivability Rankings: Minneapolis
- Neighborhood Survivability Rankings: Minneapolis
- National City Survivability: Steakhouse
- National Neighborhood Survivability: Steakhouse
What Are the Best Neighborhoods in Minneapolis to Open a Steakhouse?
Based on StreetSpring's 2026 analysis, the top neighborhood for a Steakhouse in Minneapolis is Summit Hill with 81% average survivability, followed by North Loop and Como. 26 of 26 neighborhoods analyzed exceed 70% two-year survival.
Market dynamics shift frequently; validate these insights with real-time data from StreetSpring.
Can a Steakhouse Succeed in Lower-Ranked Neighborhoods in Minneapolis?
Yes — neighborhood averages mask significant block-by-block variation. Even in neighborhoods ranked outside the top 10, individual storefronts with strong foot traffic, low direct competition, and favorable lease terms can outperform the area average. Our data shows that roughly 15% of top-performing locations sit in neighborhoods ranked below the city median. Always check your specific address in StreetSpring's live platform for the most accurate prediction.
How Often Are Steakhouse Rankings in Minneapolis Updated?
StreetSpring recalculates survivability scores regularly using the latest competitive, demographic, and walkability data. Rankings are updated quarterly; the live tool always reflects the most current predictions for any address in Minneapolis.
Is a Steakhouse a Good Tenant for Minneapolis Landlords?
In Summit Hill, StreetSpring forecasts a 78.0% – 83.0% average chance for a new Steakhouse to survive more than 2 years, depending on the exact storefront. Check the current Survivability Score for any address instantly.
Landlord Survivability Data for Steakhouse in Minneapolis
Landlords in Minneapolis's top three neighborhoods for Steakhouse can expect the following average survivability for new tenants:
- Summit Hill: 78.0% – 83.0%
- North Loop: 78.0% – 82.0%
- Como: 78.0% – 82.0%
Check the current Survivability Score for any address instantly.
StreetSpring provides highly detailed forecasts — revealing how long hundreds of business types are likely to last at a specific address.
Related: How Landlord Representatives Can Reduce Vacancy & Increase Tenant Longevity
What Are the Best Neighborhoods in or Around Minneapolis for My Business Overall?
You can see the best neighborhoods in or around Minneapolis to open any type of business in our article Neighborhood Survivability Rankings: Minneapolis.
Related Resources
- Business Survivability Rankings: Minneapolis — See how Steakhouse compares to all other business types in Minneapolis
- Best Cities to Open a Steakhouse in the US — National city-level survivability rankings for Steakhouse
- Business Survivability in Summit Hill, Minneapolis — All business types ranked in the #1 neighborhood
- Business Survivability in North Loop, Minneapolis — All business types ranked in the #2 neighborhood
- Business Survivability in Como, Minneapolis — All business types ranked in the #3 neighborhood
Technical note: Aggregated survivability rankings for Minneapolis are available in machine-readable format for research and integration purposes.
View technical data for Minneapolis
StreetSpring recalculates survivability using the latest competitive, demographic, and walkability data, so the live score may differ from the static ranges shown here.