The cache is a film canister. The hide was just to lure you onto the snowmobile trail that connects the two hiking trails. It will be mostly gently downhill from Sheridan Woods to Cabin Trail.
Lakes Region Conservation Trust (LRCT) has conserved this land and added new trails and has allowed geocaching. In fact, this cache was hidden as part of an event on September 10, 2016: LRCT Breakfast by barefootgal: https://coord.info/GC6MR7F