16733 IL Highway 40 - Hospitality FOR SALE


Sheffield, IL 61361
$299,000 USD
847-644-2757
16733 IL Highway 40, Sheffield, IL for Sale
$299,000 USD
Hospitality - FOR SALE
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16733 IL Highway 40
Sheffield, IL 61361


HIGHLIGHTS

  • Direct access and visibility from Interstate 80 at Exit 45 support traveler and regional traffic exposure.
  • 2.55-acre commercial site offers flexibility for renovation, repositioning, or redevelopment.
  • Former Knights Inn property with 50 guest rooms and existing hospitality infrastructure.

OVERVIEW

16733 IL Highway 40 presents an opportunity to acquire a former Knights Inn property positioned immediately off Interstate 80 at Exit 45 in Sheffield, Illinois. The asset offers a substantial hospitality infrastructure that includes 50 guest rooms, manager and owner apartments, a fitness room, restaurant, and bar, creating multiple avenues for future operation, repositioning, or redevelopment. The property's established layout provides a foundation for investors seeking to reactivate a lodging operation or explore alternative commercial uses permitted within the property's zoning framework.

FOR SALE DETAILS

PRICE

$299,000 USD

PRICE/SF

$10 USD /SF

# OF ROOMS

50

PRICE/ROOM

$5,980 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sheffield Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1979

PARKING SPACES

51

LAND DETAILS

LAND ACRES

2.55 AC

LAND SF

111,078 SF

ZONING

-

APN/PARCEL ID

14-09-200-003

ASK ABOUT THIS PROPERTY

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847-644-2757

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