The park offers grills and has shelters available by reservation for picnicking. Two of the shelters each have capacity for 50 people, and two others each have capacity for 100 people. Fishing and hunting is permitted in accordance with regulations, but camping is not allowed. The park remains extremely popular with anglers and has been the site of several IHSA high school sectional bass tournamants. Ice fishing is permitted in the winter and motorboats are permitted, but must operate “no wake”. The lake has several dikes that temper the wave height and provide additional shoreline fishing access. There are 25 hunting blinds to hunt waterfowl. These sites are awarded in yearly lotteries held in late July. During the season, daily drawings are held to allocate blinds of absentee blind holders.
The park has been the focus of several types of large volunteer efforts. For example, at the 14th Annual Earth Day Wolf Lake Cleanup on April 21, 2001, more than 350 volunteers, including Hammond, IN Mayor Duane Dedelow, Jr., helped clean up and remove an estimated 36,000 pounds (16 t) of waste. A week later, Friends of Wolf Lake and associates collected more than 3,000 discarded tires from the lake and its shoreline. Semi-annual cleanups are organized by the Southeast Sportsmen’s Club and the Wolf Lake Rod and Gun Club who work with the scouts, community organizations and the Hegewisch Chamber of Commerce. As a result the lake is now largely free of debris. Shoreline cleanup efforts continue on a regular basis.