Hotel

Sheffield, IL Hotels for Sale

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Mineral, IL Neponset, IL Princeton, IL Tiskilwa, IL Deer Grove, IL Atkinson, IL Cambridge, IL Carbondale, IL
Hotel with Restaurant and Bar
Updated: Jul 13
Hotel with Restaurant and Bar

16733 Il Highway 40, Sheffield, IL 61361

$299,000
2.55 AC lot
Former Knights Inn hospitality property built in 1979
Approximately 24,000 SF with 50 guest rooms
Includes manager’s and owner’s apartments
On‑site amenities include fitness room, restaurant, and bar
Conveniently located off I‑80 at Exit 45 in Sheffield, IL
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Sheffield, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Development Land
Mixed-Use Development Land

206 N Cook Street, Barrington, IL 60010

$3,495,000
2.01 AC lot

Zoned COMMR, this 2.01-acre downtown Barrington site offers flexibility for retail and residential uses.

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Mixed-Use Development Site
Mixed-Use Development Site

206 N Cook Street, Barrington, IL 60010

$3,495,000
2.01 AC lot

For-sale 2.01-acre landmark site in Barrington, IL, zoned COMMR and listed at 206 N Cook Street.

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Renovated 65-Room Hotel with Indoor Pool
Renovated 65-Room Hotel with Indoor Pool

2235 173rd Place, Lansing, IL 60438

$3,399,900
56,192 sqft 1.29 AC lot

Renovated 1996 hotel with indoor pool, covered entry, and ample parking—well suited for hospitality operators.

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Branded Hotel with Updated Interiors
Branded Hotel with Updated Interiors

2255 173rd Street, Lansing, IL 60438

$3,339,900
48,352 sqft 1.11 AC lot

A 4-story Sleep Inn offering 69 rooms on a B-2 zoned site, renovated in 2014.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land Parcel For Sale
Commercial Land Parcel For Sale

14 N Seminary Square, Galesburg, IL 61401

$1,000,000
3.99 AC lot

3.99 acre commercial land with development potential.

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Prime Commercial Land Opportunity
Prime Commercial Land Opportunity

1038 Wylie Drive, Bloomington, IL 61705

$421,143
2.31 AC lot

2.31-acre commercial site in a high-growth Bloomington-Normal market.

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Zoned Commercial General Development Land
Zoned Commercial General Development Land

N Main Street, Rockton, IL 61072

$550,000
13.20 AC lot

Commercially zoned acreage near Red Barn Golf Course and nearby housing, offering flexibility for a range of business uses.

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Commercial Land in Rockton, IL
Commercial Land in Rockton, IL

N Main, Rockton, IL 61072

$550,000
13.20 AC lot

13.2 acres of commercial land near downtown Rockton.

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Sheffield, IL Hotels Market Trends and Statistics

Explore 1 hotels for sale in Sheffield, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $299,000.

Sale prices for resorts in Sheffield, IL start at $299,000, averaging $299,000, and reaching up to $299,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Hotels 1

Demographics Overview

Population 1,363
Population Growth (5Y) +22.0%
Median Household Income $92,344
College Educated 34.8%

Taxes & Financing

Tax Rate (average for all types) 8.20%
Tax Rate vs County Average 0.37 pp below county avg
Average Loan-to-Value 65.0%

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