# 16733 Il Highway 40, Sheffield, IL 61361

> **TL;DR:** commercial, $250,000, built 1979. Est. $1,337/mo. Listed 124 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $250,000 |
| Year Built | 1979 |
| Lot Size | 111,078 sqft (2.55 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 124 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,264 |
| Estimated Insurance | $73 |
| **Total** | **$1,337** |

## Property Highlights

- Built in 1979
- 2.55 acre lot
- 2 stories

## Description

### Agent 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.

## Location

- **Address:** 16733 Il Highway 40, Sheffield, IL 61361
- **County:** Bureau

## Listing Agent

- **Name:** Jeannie Fisher
- **Brokerage:** eXp Realty, LLC
- **Broker Phone:** (888) 574-9405

## Photos

![16733 Il Highway 40 - Photo 1](http://lh.rdcpix.com/8fac8c6d6f0cf5bcb767ff5683588530l-f3641655633r.jpg)

---

**MLS#:** 12702759 | **Updated:** 2026-11-10
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/16733-il-highway-40-sheffield-il-61361-778aa7d2d5e44f38bcd5933d143e3786)

---

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