The Lakewood Fairgrounds was located on 117 acres (0.47 km2) of former Creek Indian land, which was situated around a 15-acre (61,000 m2) lake.
There was also a circus big top, arcade games, vendors, and a large carousel that remained on the premises until 1967.
Lakewood Fairgrounds's most distinctive feature is its four Spanish colonial-style livestock exhibition halls.
For over twenty years, the Lakewood Fairgrounds Antique Mall was held in the exhibition halls every second weekend of the month.
On May 17, 2010, City of Atlanta Council members voted unanimously to lease 30 acres (120,000 m2) to EUE/Screen Gems, which plans to build a studio complex that will include the soundstage as well as office space, a mill shop and lighting facilities.