40+/- Acre Tillable Land Auction - June 24th, 2025 Posey County, IN

40+/- Acre Tillable Land Auction

Live & Online (Simulcast) Auction


Real Estate Showings by appointment:

Call the Auctioneer, Jake McGennis, to schedule at 812-774-3306.


Live Simulcast Auction:

Tuesday, June 24th | 6PM


Auction Location:

American Legion Post #5 

203 Walnut St., Mt. Vernon, IN 47620


Real Estate Description:

Presenting a rare opportunity to own a high-quality 40+/- acre tillable farm in Posey County, Indiana. Located just outside Mt. Vernon, this farm has been meticulously maintained and is primed for continued productivity. Currently in year 2 of a 5-year 1/3 & 2/3 crop share lease, this income-producing tract features highly desirable soils, primarily Alford and Henshaw silt loams, known for their strong yields. The current farm tenant has done an exceptional job of caring for the property, and soil fertility has been consistently prioritized. A professionally designed drainage system, installed to USDA specifications, enhances field performance and long-term sustainability. With excellent access and strong agronomic characteristics, this tract is ideal for investors, operators, or 1031 exchange buyers seeking a turnkey row crop asset. The property will be offered as one tract via live auction with online bidding available (simulcast). Don't miss this chance to add a premier piece of Posey County farmland to your portfolio.

CRP Waterways Expire Sept. 30th, 2025.

 

 Abbreviated Auction Terms:

An earnest money deposit totaling 5% of the contract purchase price is due on auction day for on-site bidders or within 24 hours of auction conclusion for online bidders with the balance due within 45 days of delivery of insurable title to purchaser.  The purchaser shall assume the real estate taxes due and payable in May 2026. The real estate will sell subject to seller approval. NO BUYERS PREMIUM! Possession will be given at final closing, subject to the current tenant farm lease. Buyer will receive the 2025 share of the crop. Any fee (typically $250 - $300) charged by a title company or escrow agent to close the transaction will be split evenly between buyer & seller. See the "TERMS" tab above for complete auction terms.

 

Directions to the Property:

From Highway 62, turn North on Caborn Rd. The property is located at the East corner of Caborn Rd and Upper Mt. Vernon Rd. 

Curran Miller Auction & Realty, Inc.

1005 E. Walnut St

Evansville , IN 47714

cmar@curranmiller.com 800-264-0601

North Caborn Rd Mt. Vernon, 47620

Ends on 06/24/2025