16733 Il Highway 40 Sheffield, IL 61361

Building Details

Year built

1979

Floors in Building

2

Number of units

50

Listing agent Jeannie Fisher License #475208074 Show Phone

Listing office eXp Realty i***@expreatly.net 939 W North Ave Suite 750, Chicago, IL Show Phone

Listing date Jul 13, 2026

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MLS# 12702759

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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.

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 Location Intelligence

FAQs

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