Hotel with Restaurant and
For Sale
$299,000
16733 Il Highway 40, Sheffield, IL 61361
Commercial Sale, Sheffield, IL
Property SizeContact for details
Lot Size2.55 Acres
Days on Market40
Property Features for 16733 Il Highway 40
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
Follow Hoover Rd/IL-40 22.1 mi, about 23 min You have arrived at State Route 40/IL-40/County Hwy-900 B 16733 IL-40, Sheffield, IL 61361
Subdivision
Sheffield
Standard status
Active
APN
1409200003
Lot size
2.55 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2496
Building Details
Year built
1979
Floors in Building
2
Number of units
50
Listing Agency:
eXp Realty
(888) 574-9405
Listed By:
Jeannie Fisher · License #475208074
(888) 574-9405
Added: Jul 13
Changed: Aug 19
Last Checked: Aug 21 at 6:06AM
MLS# 12702759
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Former Knights Inn hotel property totaling approximately 24,000 square feet and offering 50 guest rooms. The building also includes manager’s and owner’s apartments, a fitness room, plus an on-site restaurant and bar.
The property is located off I-80 at Exit 45 in Sheffield, Illinois, providing easy interstate access and strong visibility. The site covers approximately 2.55 acres and is identified under zoning COMMR.
Ideal for buyers evaluating redevelopment, renovation, or continued hospitality use, the existing room and amenity mix supports a hospitality-oriented conversion or refresh.
The property is located off I-80 at Exit 45 in Sheffield, Illinois, providing easy interstate access and strong visibility. The site covers approximately 2.55 acres and is identified under zoning COMMR.
Ideal for buyers evaluating redevelopment, renovation, or continued hospitality use, the existing room and amenity mix supports a hospitality-oriented conversion or refresh.
Key Highlights
- Former Knights Inn hospitality property built in 1979
- Approximately 24,000 SF with 50 guest rooms
- Includes manager’s and owner’s apartments
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 61361, IL
1,336
Population
703
Households
1.9
Avg Household Size
44
Median Age
27%
College-Educated
91%
High-School Grad
88.8 sq mi
ZIP Area
15
Density / Sq Mi
$92,344
Median Household Income
$36,378
Median Earnings
$896
Median Rent
$147,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Former Knights Inn hotel offering 50 guest rooms with on-site restaurant, bar, and fitness room.
Where is this hotel located?
The property is located at 16733 Il Highway 40 Sheffield, IL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Former Knights Inn hospitality property built in 1979; Approximately 24,000 SF with 50 guest rooms; Includes manager’s and owner’s apartments
