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16733 Il Highway 40 Highway

Sheffield, IL 61361

16733 Il Highway 40 Highway, Sheffield, IL 61361 — exterior front view

16733 Il Highway 40 Highway

Sheffield, IL

$299,000

ActiveMLS #MRD12702759

16733 Il Highway 40 Highway

Sheffield, IL 61361

$299,000

List Price

Studio

Layout

About This Property

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.

Property Details

Key Facts

Overview
Property TypeCommercial Sale
BedroomsStudio
Days on Market7
Building
StyleMixed Use
Year Built1979
Lot Size2.55 Acres
CountyBureau
CoolingSmall Duct High Velocity
Lot Size2.55 Acres
Lot DimensionsPT E SI E1/2 NE D 23-4151
MLS #MRD12702759
Days on Market7
List DateJuly 13, 2026
StatusActive
Annual Taxes$2,496
Listing Courtesy OfeXp Realty

Listed for sale

MLS #MRD12702759

$299,000

Jul 13, 2026

Mortgage Estimate

$1,720

/month
Principal & Interest
$1,512
Property Taxes
$208
20% · $59,800
6.5%

Location

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16733 Il Highway 40 Highway, Sheffield, IL 61361

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Listing data is provided in part by Midwest Real Estate Data LLC (MRED). Information is deemed reliable but not guaranteed accurate and should be independently verified. Properties may be listed by brokerages other than Abode Real Estate. © 2026 Midwest Real Estate Data LLC. All rights reserved.

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