The current lighthouse was originally built in 1998 at the Monroe Welcome Center on Interstate 75. In 2004 the Michigan Department of Transportation decided to renovate the center and declared the structure obsolete. The structure was moved north by truck in five pieces.
In 2006 the lighthouse was reassembled and on August 20, 2006 the Wawatam Lighthouse beacon was relit. It stays lit in the winter months to guide snowmobiles across the frozen lake. It was named Wawatam Lighthouse in honor of a railroad car ferry that been home-ported in St. Ignace for many decades. SS Chief Wawatam.