The 170-foot long barkentine schooner was built in 1866 in Buffalo, New York, and was capable of carrying 550 tons. The ship wrecked after a bad storm sank it in 13 feet of water about a half mile from shore, MLive.com reported. Three of the 13 crew members died.
The wreck is not expected to be visible for long.
"The sands are shifting, big storms will move large bodies of sand then reveal things," Valerie van Heest, president of the Michigan Shipwreck Research Association, told WXMI. "This may be gone with the next storm. It's a small window in time where we can look at these ships, the remains of these ships."
The Associated Press contributed to this report.