The 2021 Calypso Lemonade 200 was the 12th stock car race of the 2021 ARCA Menards Series season, the sixth race of the , and the 26th iteration of the event. The race was held on Saturday, July 31, in Winchester, Indiana at Winchester Speedway, a 1⁄2 mile (0.80 km) permanent, oval-shaped, high-banked racetrack. The race was extended from 200 laps to 205 laps due to a green–white–checker finish. After Corey Heim would spin within the closing laps of the race, Ty Gibbs would defend against a charging Greg Van Alst to win his 15th ARCA Menards Series career win, his seventh of the season, and his second consecutive win. To fill out the podium, Heim would come back to finish third.