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3501 Diamond Drive

Private Investment Group Acquires Diamond Plaza Retail Center In McHenry For $2.6M
SOLDRetail

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

Adrian Mendoza

Marcus & Millichap

Broker

$215.1M

vol

27 deals

Broker

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