Onaway Speedway was built in 1983 by Harry Moran in Northern Michigan. The track is an 1/4 mile oval asphalt.  

H&D was the company who originally paved Onaway Speedway. Since then Jim and Krista had Freeburn Track Grinding out of Indiana Carbide grind the corners of the track in 2012. In 2011 all of the lighting and sound was upgraded By Jim and Krista DuBois. 

Current Owner, Mike Sturgill, who is an avid racer and fan, decided to purchase the track in April of 2017. Sturgill is the sole owner and wanted to keep the sport of racing alive in the local area. Onaway Speedway is the only track in the Midwest to run Semi’s on the Oval Track as a regular class on their racing schedule each year. 

The first year was extremely good, the track had an excellent car count and sellout crowds. Near the end of the 2017 racing season Mike sprang into action and had an uphill 1/8- mile asphalt drag track built to the North of the oval track. This made the Onaway Speedway home to the first uphill semi-truck drag racing venue in the United States. This creating The Great Lakes Big Rig Challenge, first held in May of 2018. Over the course of the 2018 oval track racing season Mike was trying to figure how best to make his facility more multi-faceted. September 2018, he added a sled pulling track and the first truck and tractor pulls were held on September 22,23, 2018.