Ollerton was an ancient parish, and became a civil parish in 1866. The civil parish was abolished in 1996 and merged with the parish of Boughton to form the new civil parish of Ollerton and Boughton. In the old part of the original village, Ollerton Watermill was built in 1713 on the River Maun. It operated commercially producing flour until 1984. Restored in 1993, it now houses a teashop and exhibition. Ollerton Town has a local football team, Ollerton Town F.C.  Ollerton is served by Stagecoach Mansfield, Travel Wright. Stagecoach Bassetlaw run the Sherwood Arrow between Worksop/Retford-Ollerton-Nottingham every 60 minutes. There is some ambition to reinstate passenger train services to the town by using the current freight only line from Shirebrook on the Nottingham-Worksop route. Ollerton is the birthplace of Tim Flear OBE, MVO, former career diplomat and HM Consul-General in Rio de Janeiro, Brazil 2006–10 and Milan, Italy 2014–19.