A lake level is not a wave height and not a storm surge — wind can pile water well up a shore in hours, and a calm number here says nothing about conditions on the water or at the shoreline today.
Chart datum — the Low Water Datum — is the fixed reference nautical charts use for Lake Michigan–Huron: 577.5 ft (176.0 m). "Two feet above datum" means two feet more water than the charts assume — which is what a dock, a breakwall or a shoreline path actually feels.
The “right now” reading is preliminary until NOAA verifies it, and it is one gauge, not the whole lake; the averages and records describe the lake as a whole.