Lake Freeman is located in Northern Indiana and is one of two man-made lakes in Monticello. Lake Freeman was created in 1925 after the Oakdale Dam was built. Lake Freeman is a run-of-the-river hydroelectric dam and is owned and operated by the Northern Indiana Public Service Company (NIPSCO). The dam was designed to create power and electricity to the community and businesses, it also created tourism.
Lake Freeman is one of the Mid-West's largest summer vacation destinations offering summer vacation homes, rentals, resorts, boating, fishing, swimming, lakeside dining and shopping. Lake Freeman offers 1,547 acres of surface area and 50 miles of shoreline. The average depth is 16 feet and the maximum depth is 45 feet. The various fish species that inhabit Lake Freeman are Bass, Black Bass, Bluegill, Catfish, Largemouth Bass, Smallmouth Bass and Sunfish.