CHICAGO – Transwestern announces the sale of 625 N. Kingsbury St., a vacant, single-story, 5,370-square-foot building in River North. Transwestern Vice President David Kimball represented the seller, an entity controlled by Urban Innovations, in the transaction.
The property sold for $2.25 million, approximately $419 per square foot, and closed on March 19. The buyer, a local private investor, plans to convert the property into a Top Dog Daycare & Hotel and expects to open this summer.
“Opportunities to acquire a small-format, stand-alone building with dedicated parking in River North are exceedingly limited,” said Kimball. “625 N. Kingsbury St. presented a highly distinctive profile that resonated with an owner-user seeking both visibility and functionality in a premier downtown location.”
The 625 N. Kingsbury St. purchase also includes an adjacent 24-space surface parking lot. Originally designed and developed in 1997 by renowned Chicago architect Stanley Tigerman, the building features a column-free interior, exposed timber truss construction and ceiling heights exceeding 21 feet at the center. The property is located near the Chicago River and is within walking distance of public transportation, parks and neighborhood amenities. 625 N. Kingsbury St. also benefits from immediate access to I-90/94.
Mark Kishtow of Jameson Commercial represented the buyer in negotiations.
Picture available for download here.
About Urban Innovations
Urban Innovations, Ltd. is a Chicago-based real estate firm that offers construction, leasing and property management for a growing portfolio of commercial properties. The firm’s portfolio of owned/managed properties includes office buildings and land sites in both Chicago and Milwaukee. Urban Innovations’ expanding portfolio currently totals more than 1 million square feet. Visit urbaninnovations.com for more information.
About Transwestern
Transwestern is a preeminent, vertically integrated commercial real estate firm dedicated to serving investors, partners and clients through expertise in investment, development, brokerage and property management. We own, lease and operate $57 billion1 in assets and have completed or commenced development on more than $9 billion of real estate projects since 2012. Our experience spans diverse property types, including logistics, multifamily, retail, mixed-use, healthcare, office, data centers, hotel, and life sciences. Across 33 offices nationwide, our team is united by a culture that cultivates agility, mutual trust and high performance. Learn more at transwestern.com.
1Includes the Transwestern organization and RIA AUM as of June 30, 2025.
Media Contact:
Mallory Martin
(312) 881 - 7022
mallory.martin@transwestern.com
twmediarelations@transwestern.com
