Third Crow Wing Lake covers 647 acres and has a maximum depth of 35 feet. There is a state-owned public access located on the northwest shore of the lake. The Crow Wing River flows from Fourth Crow Wing Lake into Third Crow Wing Lake then into Second Crow Wing Lake. Boating between the lakes is possible with smaller watercraft. Third Crow Wing Lake provides good fishing for walleye and northern pike. Largemouth bass and smallmouth bass are also present in the lake. Panfish include bluegill, crappie, rock bass and perch.