 Construction of the Oakdale Dam began in 1923 and was completed in 1925, damming the waters of the Tippecanoe River.The earthen dam is 58 feet high, has a maximum capacity of 40,540 acre-feet, normal capacity of 26,140 acre feet, and is owned by the Northern Indiana Public Service Company.Compared to the more commercial lake, Lake Shafer, Lake Freeman remains more privatized and residential.