Lake Margrethe is in Grayling Crawford County, Michigan.
Its area is 1,920 acres (780 ha). It was formerly known as Portage Lake, before the name change. Fish species include: rock bass, yellow perch, bluegill, smallmouth bass, largemouth bass, northern pike, tiger muskie, and walleye. Portions of the Lake are within Camp Grayling…
There is also Lake Margrethe State Forest campground. This provides access for use by area residents, campers and tourists, who access the lake from the state forest campground located at the its northwest corner. Lake Margrethe was renamed after the wife of lumber baron Rasmus Hanson (1846-1927). Mr. Hanson also founded the Grayling Fish Hatchery in 1914, and contributed real estate in three counties to the State of Michigan for military training, now known as Camp Grayling. Most of the lake is relatively shallow, especially the northern-most parts of the lake, those closest to M-72 Highway. The middle, however, is much deeper, with its maximum depth of over 100 feet. Lake Margrethe is well known for its fishing.