Press Releases
Marcus & Millichap Arranges Sale of Starbucks, O&H Danish Bakery Property in Racine, Wisconsin
November 13, 2026
RACINE, Wis., Nov. 13, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a two-suite retail property, occupied by Starbucks and O&H Danish Bakery, in Racine, Wisconsin. The property sold for $2,565,000.
“The tenant mix was a key selling point, combining the national presence of Starbucks with O&H Danish Bakery’s longstanding ties to the Racine community,” said Dominic Sulo, senior managing director. “Investors continue to prioritize strong retail locations with proven tenants and long-term potential, and this property offered all three.”
Sulo, investment specialist in Marcus & Millichap’s Chicago Oak Brook office, in association with Todd Lindblom, Marcus & Millichap’s Wisconsin broker of record, had the exclusive listing to market the property on behalf of the seller, a private client from California.
Located at 4917 Douglas Ave., the 5,108-square-foot retail property was built in 2021 and sits on 1.109 acres. The property is occupied by Starbucks, which receives approximately 369,400 visits annually at this location, and O&H Danish Bakery, a Racine-based business founded in 1949. Situated approximately 22 miles south of Milwaukee, the property serves an established residential trade area supported by schools, national retailers, health care providers and businesses that generate daily consumer traffic.
“The tenant mix was a key selling point, combining the national presence of Starbucks with O&H Danish Bakery’s longstanding ties to the Racine community,” said Dominic Sulo, senior managing director. “Investors continue to prioritize strong retail locations with proven tenants and long-term potential, and this property offered all three.”
Sulo, investment specialist in Marcus & Millichap’s Chicago Oak Brook office, in association with Todd Lindblom, Marcus & Millichap’s Wisconsin broker of record, had the exclusive listing to market the property on behalf of the seller, a private client from California.
Located at 4917 Douglas Ave., the 5,108-square-foot retail property was built in 2021 and sits on 1.109 acres. The property is occupied by Starbucks, which receives approximately 369,400 visits annually at this location, and O&H Danish Bakery, a Racine-based business founded in 1949. Situated approximately 22 miles south of Milwaukee, the property serves an established residential trade area supported by schools, national retailers, health care providers and businesses that generate daily consumer traffic.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
