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OWNER
Larry Morin
AUCTION LOCATION
LandProz.com
or
In-Person at:
Venue on 3
107 Underwood Dr, Westport, IN
PROPERTY ADDRESS
5155 E County Rd 550 N, North Vernon, IN
OPEN HOUSE
An Auction Representative will be on site at Tract 1 on Sunday, April 18th, 2026 from 2:00-4:00 PM
PROPERTY DESCRIPTION
LandProz is pleased to present the Lucas Farm Auction in Jennings County, IN. This 82.5 +/- Acres will be offered to the public to bid their price via AuctionCast at LandProz.com.
An excellent opportunity awaits to own productive farmland, a great recreation site, or home-site potential! Situated by the Brush Creek Reservoir, and in close proximity to Hwy 50, these tracts offer easy access, all from blacktop road frontage on a Private Road. The two tracts can be purchased individually, or as a Whole Farm. These tracts offer an ideal opportunity to purchase a land investment for row crops or a hunting lease. The Ryker-Muscatuck soils make this a prime farm for early planting for optimal yields, and the new owner will be able to farm or lease these this year! Recreationally, this property offers close proximity to the hundreds of acres of forest land of the Brush Creek Reservoir, which is perfect cover to allow deer to mature to monster size! For the avid fisherman, check out both of these tracts for their hundreds of feet of Vernon Fork of the Muscatuck River.
Please contact LandProz Auction Manager Jared Baird at 812-620-7745 or LandProz Auctioneer Brian Owens at 812-528-7021 for more information regarding this auction.
WHOLE FARM
• 82.5 +/- Deeded Acres
• 59.16 +/- Tillable Acres
• 23.38 +/- Wooded Acres
• WAPI of 126.2
• Prominent Soil Type: Ryker-Muscatuck silt loams
• Tenant/Possession: Open to Farm in 2026
• Tenant/Possession: Open to Hunt/Fish in 2026
• Vernon Fork of the Muscatuck River
• Excellent hunting and fishing opportunities
• Prime potential building sites
• Real Estate taxes $TBD
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TRACT 1
• 26.5 +/- Deeded Acres
• 22.46 +/- Tillable Acres
• 4.04 +/- Wooded Acres
• WAPI of 126.9
• Real Estate taxes $TBD
TRACT 2
• 56 +/- Deeded Acres
• 36.66 +/- Tillable Acres
• 19.34 +/- Wooded Acres
• WAPI of 125.7
• Real Estate taxes $TBD
TERMS
1. Auction Company
This real estate auction is conducted by Landproz of Indiana, LLC (“Auction Company”).
2. Bidding Format
All bidding will be on a total dollar basis, unless otherwise indicated by the Auctioneer during the auction.
3. Acreage and Survey Adjustments
The property is being sold based on estimated acres to be determined by survey, which are subject to change due to survey results or other factors. In the event of such change, the total sales price will be adjusted accordingly.
• The Seller will cover the cost of the survey.
• A Landproz representative may place a marker flag where the boundary lines should be. This is not a final survey and is for viewing purposes only. The final survey points are subject to change prior to closing and any changes will be reflected in the final purchase agreement.
4. Closing Details
• Closing will take place at: North Vernon Abstract in North Vernon, Indiana
• Closing will occur on or about June 9, 2026.
• Seller will provide a standard Owner's Title Insurance Policy at Seller’s expense.
• Buyer and Seller will split the Closing Fee equally.
• 2026 Real estate taxes will be prorated to the date of closing.
• There will be a 3% Buyer’s Premium added to the final Purchase Price.
5. Deposit and Payment Terms
• A 10% (non-refundable) earnest money deposit is due on each tract the day of the auction.
• The balance of the purchase price is due at closing.
6. Bidder Eligibility and Conduct
• The Seller and Auction Company reserve the right to accept or reject any and all bids at their sole discretion.
• The Auction Company and Seller reserve the right to preclude any person from bidding if there is any concern regarding that person’s credentials, qualifications, or ability to enter into a binding contract.
7. Contingencies
• The sale is not contingent upon Buyer’s ability to obtain financing, conduct an inspection, complete an appraisal, or fulfill any other conditions.
• All property is sold “AS IS, WHERE IS” with no warranties or guarantees expressed or implied.
8. Announcements
• Any announcements made on the day of the auction by the Auctioneer will take precedence over any previously published or advertised material.
• LandProz, and its representatives are exclusive agents of the Seller.
• A 2026 Crop lease will be signed along with a Purchase Agreement at the conclusion of the auction between Buyer and Seller, from the day of the Auction to the day of Closing for a cost of $0, allowing the Buyer to have farming rights prior to Closing. If the Buyer is unable to Close, then the Seller reserves the rights of ownership to any planted crops, applied fertility, or improvements made to the property.
9. Property Information
• All information provided by the Auction Company or its representatives was obtained from sources believed to be reliable; however, no guarantees or warranties are made by the Auction Company or the Seller regarding its accuracy.
• Buyers are encouraged to conduct their own due diligence prior to bidding.
