The lake has a shoreline of 0.62 miles (1.00 km), a surface area of about 11 acres (0.045 km2), and a maximum depth of 24 feet (7.3 m).

[1] The lake is a popular local destination for fishing, and it is serves as a backdrop for many events and activities in Powderhorn Park.

The lake takes its name from its original shape that more closely resembled a powder horn.

[3][2] Powderhorn Lake is a popular local destination for shore or pier fishing.

[5] The lake is stocked annually with bluegill, black crappie, largemouth bass, and channel catfish.