50-Room Hotel
For Sale
$299,000
16733 Il Highway 40, Sheffield, IL 61361
Commercial Sale, Sheffield, IL
Property Size24,000 SF
Lot Size2.55 Acres
Price / SF$12.46
Days on Market51
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
Amenities
fitness room
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: Sep 1 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.
This hotel property in Sheffield includes 50 guest rooms along with separate manager’s and owner’s apartments. The improvements also contain a fitness room, restaurant, and bar, supporting a range of hospitality functions within one property. Constructed in 1979, the building is situated on approximately 2.55 acres and is zoned COMMR.
The property is located at 16733 IL Highway 40 near I-80 Exit 45, providing direct interstate access and visibility from the highway corridor. Its former Knights Inn identity and existing lodging-oriented configuration establish a recognizable hospitality use, while the combination of guest rooms, apartments, food-and-beverage areas, and fitness space provides a substantial existing operating layout.
The property is located at 16733 IL Highway 40 near I-80 Exit 45, providing direct interstate access and visibility from the highway corridor. Its former Knights Inn identity and existing lodging-oriented configuration establish a recognizable hospitality use, while the combination of guest rooms, apartments, food-and-beverage areas, and fitness space provides a substantial existing operating layout.
Key Highlights
- 50 guest rooms within an established hotel property
- Manager’s and owner’s apartments included
- Fitness room, restaurant, and bar on site
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Hospitality property with guest accommodations, on-site apartments, fitness facilities, restaurant, and bar.
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: 50 guest rooms within an established hotel property; Manager’s and owner’s apartments included; Fitness room, restaurant, and bar on site
