The honor was handed out as a part of the National Hot Rod Association's North Central Division awards banquet in Indianapolis in early December.
"It has been a great honor, not only for the track, but our owners, fans, racers and employees," track manager Mickey White said. "The national recognition brings a sense of pride for everyone involved with what is commonly referred to around the track as Team LRP and our racing family."
The NHRA North Central Division consists of 32 tracks spread over several states including Indiana, Illinois, Ohio, Michigan, Kentucky, Wisconsin and Ontario, Canada.
Making the honor more incredible is the track has only been under current ownership since 2009.
LRP general manager Bent Jones has taken great pride in rebuilding the once desolate facility into what has been called the nicest 1/8 mile track in the area by several racers and fans.
"We may not have the biggest facility," Jones said. "But we will continue to make improvements so that we have one of the nicest facilities for the racers and families of the surrounding area to come and have a fun, affordable day of entertainment."
What makes this award so important is that the voting process is made up of racers, fans and track personnel who are all directly involved with the racing industry.
The venue sanctions drag racing action on select Friday's and every Saturday during the months of April through October.