The container is not at the posted coordinates, though if you visit them, you can visit with some rehabilitated raptors.
If you would like to find the place where the log resides, you'll have to solve this puzzle:
Though it is possible to park close to this hide, I recommend parking in one of the designated spots across the street, and carefully crossing. I also recommend not trying to find this on the second Saturday of June and October, when Street Fair brings at least 10,000 extra folks to the village. This not only drastically increases your need for stealth, but it also clogs traffic and will slow your day down considerably.