Lakewood is Lake County Forest Preserve's largest preserve, offering trails for hiking, cross-country skiing and snowmobiling, dedicated equestrian trails, and biking along sections of the regional Millennium Trail and Fort Hill Trail. These regional trails allow for continuous travel and easy passage under Route 176 and Fairfield Road.

Other preserve amenities include a Dog Exercise Area, a lighted Winter Sports Area with ice skating area and sled hill and a variety of fishing ponds.

Biking is only permitted on the regional trail sections. Please keep dogs leashed and on trails at all times, and pick up after them. Off-leash options exist within any of the Dog Exercise Areas (permit required).