Clay County Sheriff Mike Heaton confirmed to The Brazil Times Edward Lee Doran, 40, surrendered to detectives at approximately 10:30 p.m.
"Detectives and a family member made contact with (Doran) and talked to him," Heaton said. "He agreed he would turn himself in. They met and he surrendered without incident."
Earlier Thursday, Doran allegedly entered a rural residence in Cory and held a woman and two children against their will while in possession of a handgun.
According to officials, the woman and two children managed to escape out of a back door of the home and hid in a nearby cornfield until law enforcement arrived.
It was initially reported the suspect fled the scene on foot. Members of the Clay County Sheriff's Department and Indiana State Police, along with various other departments participated in an extensive search for the suspect.
However, after further investigation, officials believed Doran left the scene in a white Chevy Trail Blazer with Illinois plates.
Throughout the investigation, ISP provided aerial search.
Following turning himself in, Doran was preliminary charged with residential entry and criminal confinement.
Heaton told The Brazil Times officials suspected Doran never left the county as the search was being conducted.
He added detectives are searching a wooded area near the home for the handgun.
"He gave us a general idea as to where it was," Heaton said, adding it detectives were unable to locate the gun, they would take Doran to the location.
On or about May 29, Doran failed to return while serving a sentence at Vigo County Work Release. He is also a suspect in an alleged rape that took place in Clay County may 28.
Doran is also facing an active felony arrest warrant issued out of Clay County for petition to revoke probation on a previous charge of strangulation from Aug. 16, 2009.
He is currently being held at the Clay County Justice Center without bond due to the active warrant.
Also assisting in the case were Indiana Excise Police and the Knightsville Town Marshal.