The community was established by people of Italian, Scottish and French descent in 1909 when the Algoma Central Railway was built through the area. In 1923-1924 it was completely destroyed by fire. The community was rebuilt and is now a terminal for the Algoma Central Railway.
Hawk Junction has few local services and relies on nearby Wawa for its services. It is a popular starting point for wilderness hunting and fishing trips. During the winter Hawk Junction is a major snowmobile drop off point.