Lakewood is an unincorporated census-designated place located in the town of Lakewood, Oconto County, Wisconsin, United States. Lakewood is located on Wisconsin Highway 32, north-northwest of Suring. Lakewood has a post office with ZIP code 54138. As of the 2020 census, its population was 241, down from 323 at the 2010 census.
Lakewood was laid out in 1897 by the Western Town Lot Company. It was named from a lake in the woods near the town site. A post office has been in operation in Lakewood since 1897. The first schoolhouse was built on the Brook Farm in 1906. In 1921, a fire nearly destroyed the entire town.