Bear Lake, located in Freeborn County, Minnesota, is a state-owned reservoir primarily used for flood risk reduction along Lime Creek. Built in 1941, this gravity dam stands at 7 feet tall and stretches 500 feet in length, with a storage capacity of 5,500 acre-feet and a surface area of 1149 acres. The dam's purpose is solely for flood risk reduction, with a low hazard potential and a satisfactory condition assessment as of the last inspection in 2013.

Managed by the Minnesota Department of Natural Resources, Bear Lake is regulated, permitted, inspected, and enforced by state agencies to ensure its safety and functionality. Despite its primary purpose for flood control, the reservoir also offers recreational opportunities and supports wildlife habitats in the surrounding area. With its strategic location and effective management, Bear Lake serves as a vital water resource for both flood protection and environmental conservation in the region.