Former mill town now functioning as a tourist/shopping destination.
By the turn of the 20th century the village was a bustling commercial community. Because of Volant's rural location there was a livery stable, two harness shops, a blacksmith and a veterinarian, as well as some shops. In addition, there was a college which attracted students from the surrounding communities. As the town progressed toward establishing larger business ventures, a stone quarry was begun around 1900, as well as a lumber mill and brick company. The growing need for petroleum spurred an oil boom north of Volant. The drilling continued until the beginning of World War I.
The mill, which was primarily responsible for Volant's success, closed its doors in the early 1960s, and the trains stopped running through Volant in 1975. Volant soon became forgotten and returned to its rural roots.
In 1984, a renaissance began with the old mill as its centerpiece. Opening its doors for the first time in over 20 years as a country gift and antique store, it paved the way for a business revival that continues. Encouraged by its success, other shops were opened on Main Street. After several years of rapid growth, there are now over 50 shops and restaurants.