575 Catalpa Lane sits on 1.48 acres just off I-64 at Exit 34 — close enough to be in Shelbyville in a few minutes, far enough back that the yard actually feels like yours. This brick ranch was built in 1962, back when homes came with solid framing, real hardwood, and rooms meant to be used. Hardwood runs through most of the main level. The living room is anchored by a brick fireplace and a wide picture window that pulls in morning light and looks out over the front lawn. The dining area sits right off it, with room for a full table when everyone's over for the holidays. The kitchen has cherry cabinets with glass-front uppers, a peninsula with room for barstools, a gas range, double wall ovens, and a window over the sink looking out back. A second living area with a stone fireplace and built-in shelving gives everyone somewhere to spread out. Off the back of the house, the sunroom has brick walls, windows on three sides, and a tile floor — the kind of room that ends up getting used every single day. Three bedrooms and two full baths are all on the main level. The walkout basement nearly doubles the living space. You get a large rec room with a fireplace and built-in shelving, a second kitchen, and additional finished rooms that would work as an office, hobby space, or a setup for extended family. There's still plenty of unfinished area left over for storage and a workshop. Then there's the bunker. Off the main basement sits a second underground level with concrete walls — a true fallout shelter. Whether you want a storm shelter, a prepper cave, a wine cellar, or the best speakeasy in Shelby County, it's already built. You don't run across a space like this twice. Outside is where this place separates itself. Two detached garages — a two-car plus a large metal shop building with an open span and room for equipment or projects. Mature shade trees, a brick patio off the back, and open lawn on every side. Keep the long game in mind, too. Sitting right at the Exit 34 interchange with growth continuing to push east, this property carries real potential for commercial use as the area develops. Buyer to verify permitted uses with Shelby County Planning & Zoning. Come walk it. The lot, the outbuildings, and that bunker don't come across in pictures.
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Zillow last checked:
Listing updated:
Listed by:
Zachary Tipton502-633-0220,
Torrey Smith Realty Co., LLC
Source: Metro Search Inc. LLC DBA Apex MLS,MLS#: 1727109
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Primary bedroom
Level: First
Bedroom
Level: First
Bedroom
Level: First
Primary bathroom
Level: First
Full bathroom
Level: First
Family room
Level: First
Family room
Level: Basement
Kitchen
Description: Eat in Kitchen
Level: First
Living room
Level: First
Other
Level: Basement
Sun room
Level: First
Heating
Forced Air, Natural Gas
Cooling
Central Air
Features
Basement: Partially Finished
Number of fireplaces: 3
Interior area
Total structure area: 1,374
Total interior livable area: 2,748 sqft
Finished area above ground: 1,374
Finished area below ground: 1,374
Property
Parking
Total spaces: 2
Parking features: Detached, See Remarks, Driveway
Garage spaces: 2
Has uncovered spaces: Yes
Features
Stories: 1
Patio & porch: Patio, Porch
Fencing: None
Lot
Size: 1.48 Acres
Features: Cleared
Details
Additional structures: Outbuilding
Parcel number: 05200034
Construction
Type & style
Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence
Materials
Brick
Foundation: Concrete Perimeter
Roof: Shingle
Condition
Year built: 1960
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Community
Subdivision: None
HOA
Has HOA: No
Location
Region: Shelbyville
Financial & listing details
Price per square foot: $142/sqft
Tax assessed value: $230,000
Annual tax amount: $2,632
Date on market: 8/23/2026
Electric utility on property: Yes
Estimated market value
Zestimate®
$372,200
Estimated sales range
$354,000 - $391,000
Rent Zestimate®
$1,562/mo
Price history
Date
Event
Price
8/23/2026
Listed for sale
$390,000+69.6%$142/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1727109Report a problem