[5] Lakeville High School was listed on the National Register of Historic Places in 1991.

[6] Hoosier Racing Tire Corporation, owned since 2016 by parent company Continental AG has their Headquarters, Track Services, and Warehouse operations in Lakeville with Manufacturing located 20 miles south in Plymouth, Indiana.

In 1989, four members of the family of Reverend Bob Pelley were shot dead in their Lakeville home.

[7] In 2000, three workmen were shot and killed in an upscale home in Lakeville.

[8] The 2000 case has been featured twice on television documentaries, once in an episode of Extreme Forensics on June 7, 2010, titled "Rooted in Murder",[9] and once in an episode of Forensic Files II on March 13, 2022, titled "Dog Proof".

According to the 2010 census, Lakeville has a total area of 0.61 square miles (1.58 km2), all land.

There were 438 housing units at an average density of 718.0 per square mile (277.2/km2).

42.0% of all households were made up of individuals, and 14.7% had someone living alone who was 65 years of age or older.

43.1% of all households were made up of individuals, and 12.8% had someone living alone who was 65 years of age or older.