You can find the Sevona in 18 to 20 feet of water north of Sand Island, near Bayfield, Wisconsin ( LORAN : 32388.1, 46032.9; GPS : N 47° 00.410', W 90° 54.520').

Underwater visibility at the site varies from 15 to 40 feet, depending on the weather. Water temperature in the summer ranges from 40° to 55° F.

The site is frequently visited by scuba divers due to its convenient depth and the amount of its visible remains, which lie on a flat sandstone bottom. Almost everything above the tank top was broken up with explosives and recovered, but the hull's lower section below the tank top and turn of the bilge remain.

The wreck consists of two hull sections. They lie almost perpendicular to one another with the 226-foot 4-inch aft section oriented almost east to west and the 118-foot forward section oriented northwest to southeast. The stern lies at the western end of the wreck, and the bow lies at the southern end. Both sections include the lower hull, including the ship's lower hull plate , keel , keelson , stringers , floors, and portions of the steel tank top plate. Salvage efforts dislodged plates, frames , beams, and other structural materials, and now they surround the lower hull. In addition, divers have reported finding silverware, tools, and other artifacts in the debris.

The 73-foot-long section that was added to the Sevona in 1905 can be seen 25 feet aft of the break in the hull.

Soon after the Sevona was wrecked, Samuel Fifield, an Ashland businessman and former state legislator, senator, and lieutenant governor, built a cottage on Sand Island using some of the Sevona's wreckage. He named it the Sevona Memorial Cottage, in honor of the ship, and decorated the inside of the cabin with framed articles and letters related to the wreck. The Sevona cabin was listed on the National Register of Historic Places in 1976. You can see one of the Sevona's anchors and an interpretive plaque at the Apostle Islands National Lakeshore Little Sand Bay Visitors Center.

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