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625 North Kingsbury Street

Urban Innovations Sells 5,370-SF Office Building In Chicago For $2.25M With David Kimball And Mark Kishtow
SOLDOffice

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

David Kimball

Transwestern

Broker

$62.1M

vol

5 deals

Broker
Urban Innovations
Urban InnovationsSeller

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