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

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SOLD
$2,250,000

Illinois

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Office5,370 SF
Sold 03/30/2026
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Property Image
SOLD

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

625 North Kingsbury Street

See Similar Deals
Office5,370 SF
Sold 03/30/2026
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$419
Total Square Footage:5,370 SF
Transaction Type:Sale

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
5 deals$62.1M volume(312) 558-3858
BROKER

Mark Kishtow
Jameson Commercial
1 deal$2.3M volume(312) 867-2265
BROKER

Urban Innovations
SELLER

Details

SOLD
IMAGE: David Kimball & Mark Kishtow DATE: 03/30/2026 ADDRESS: 625 North Kingsbury Street MARKET: Chicago ASSET TYPE: Office SELLER: Urban Innovations BUYER'S REP: Mark Kishtow (@Kishtower) - Jameson Commercial (@Jameson.Commercial) SELLER'S REP: David Kimball (@DavidKimball) - Transwestern (@Transwestern) SALE PRICE: $2,250,000 SF: 5,370 ~ PPSF: $419 NOTE: ranswestern brokered the sale of 625 N. Kingsbury St., a 5,370-SF vacant building in Chicago’s River North, for $2.25 million ($419/SF). David Kimball represented the seller, Urban Innovations, while buyer’s broker Mark Kishtow of Jameson Commercial secured the deal; the new owner plans a Top Dog Daycare & Hotel with an adjacent 24-space lot.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$120,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77