(NewsNation) — The wreckage of a "ghost ship" that sank during a massive storm off the Wisconsin coastline almost 140 years ago has been discovered, searchers say.

The Wisconsin Historical Society and the Wisconsin Underwater Archaeology Association confirmed Monday that the wreck of the F.J. King was uncovered in Lake Michigan on June 28.

According to the announcement, the ship was found off Bailey's Harbor, a town of about 280 people on Wisconsin's Door Peninsula, an outcropping of land jutting into Lake Michigan that gives the state its distinctive mitten-thumb shape.

The F.J. King, a three-master cargo schooner commanded by Captain William Griffin, was carrying iron ore from Michigan to Chicago back in September 1886 when a gale tore into the ship. Waves up to 10 feet ruptured the s

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