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Sheffield Inn 16733 IL Highway 40 50 Room Hotel Sheffield, IL 61361 $299,000 ($5,980/Room)
Investment Highlights
- Direct access and visibility from Interstate 80 at Exit 45 support traveler and regional traffic exposure.
- Former Knights Inn property with 50 guest rooms and existing hospitality infrastructure.
- 2.55-acre commercial site offers flexibility for renovation, repositioning, or redevelopment.
Executive Summary
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.
Property Facts
| Price | $299,000 | Building Size | 29,000 SF |
| Price Per Room | $5,980 | No. Rooms | 50 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1979 |
| Property Subtype | Hotel | Parking Ratio | 1.76/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 2.55 AC | Opportunity Zone |
Yes
|
| Price | $299,000 |
| Price Per Room | $5,980 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.55 AC |
| Building Size | 29,000 SF |
| No. Rooms | 50 |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 1.76/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Restaurant
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 50 | $55.00 | - |
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Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 14-09-200-003 | Improvements Assessment | $16,384 |
| Land Assessment | $17,132 | Total Assessment | $33,516 |
Property Taxes
Parcel Number
14-09-200-003
Land Assessment
$17,132
Improvements Assessment
$16,384
Total Assessment
$33,516
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Contact the Sale Advisor
Sheffield Inn | 16733 IL Highway 40