Private Investment Group Acquires Diamond Plaza Retail Center In McHenry For $2.6M
3501 Diamond Drive & 3523 Diamond Drive
$2,600,000
$369/SF
Building Size
7,035 SF
Asset Type
Retail
Closing
Jul 2, 2026
AI
A private investment group acquired a retail center located at 3501-3523 Diamond Drive in McHenry, Illinois. The property, known as Diamond Plaza, consists of 7,035 square feet and was sold for $2.6 million, translating to a price per square foot of $370.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,600,000
- Address: 3501-3523 Diamond Drive
- Market: McHenry, IL
- Square Footage: 7,035
- Price per Square Foot: $370
Adrian Mendoza, Sean Sharko, and Austin Weisenbeck of Marcus & Millichap represented the seller, a family trust, and were instrumental in procuring the buyer for this transaction.
Players
Diamond Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93