Urban Innovations Sells 5,370-SF Office Building In Chicago For $2.25M With David Kimball And Mark Kishtow
625 North Kingsbury Street
$2,250,000
$419/SF
Building Size
5,370 SF
Asset Type
Office
Closing
Mar 30, 2026
AI
625 North Kingsbury Street is a vacant office building located in Chicago's River North market. The property encompasses 5,370 square feet and was sold for $2.25 million, translating to a price per square foot of $419.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,250,000
- Sale Date: 03/30/2026
- Seller: Urban Innovations
- Buyer's Representative: Mark Kishtow - Jameson Commercial
- Seller's Representative: David Kimball - Transwestern
- Square Footage: 5,370
- Price Per Square Foot: $419
David Kimball acted as the seller's representative for Urban Innovations during this transaction, while Mark Kishtow from Jameson Commercial represented the buyer. The new owner is planning to establish a Top Dog Daycare & Hotel on the site, which includes an adjacent 24-space lot.
Players
Chicago Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93