Address
16733 Il Highway 40 Highway, Sheffield, IL
Price
$ 299,000
Property Attributes
- MLS#12702759
- TypeCommercial
- Listing Status Active
- CountyBUREAU
- CitySheffield
- AreaSheffield
- Zip61361
- Style
- Year Built1979
- Taxes$ 2496
- Price$ 299,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage11325
- Lot Size2.55 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Former Knights Inn hotel conveniently located off I-80 at Exit 45 in Sheffield, IL. This approximately 24,000 sq. ft. hospitality property features 50 guest rooms, manager's and owner's apartments, a fitness room, restaurant, and bar. Excellent visibility and easy interstate access make this a prime opportunity for redevelopment, renovation, or continued hospitality use.
| Price History | |
|---|---|
| 7/13/2026 | Listed $299,000 |
General Features
| Cooling | Small Duct High Velocity |
|---|---|
| Zoning | COMMR |
| Year Built | 1979 |
| Electric | Other |
| Stories Count | 2 |
| Property Subtype | Mixed Use |
| Tax Year | 2024 |
| County | Bureau |
| Property Type | Commercial Sale |
| Status | Active |
| 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 |
| City | Sheffield |
| Number Of Units Total | 50 |
| MLS Area | Sheffield |
| Lot Size Square Feet | 111078 |
| Tax Annual Amount | 2496 |
| Additional Parcels Y/N | No |
| Lease Type | N/A |
| Standard Status | Active |
| Property Type | Mixed Use |
Exterior Features
| Building Area Total | 11325.6 |
|---|---|
| Lot Dimensions | PT E SI E1/2 NE D 23-4151 |
| Lot Size Acres | 2.55 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 61361
Price
Taxes
Year Built
Visits
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than eXp Realty in Illinois may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.Based on information submitted to the MLS GRID as of September 25, 2026 2:41 AM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of September 25, 2026 2:41 AM UTC
