current position; current location; present position
Refers to one's current physical location or position, often used in navigation, maps, and tracking contexts.
I check my current location on my smartphone.
The car navigation system is showing the current position.
現在位置 is a more technical term stressing exact coordinates (e.g. GPS), whereas 現在地 is the everyday word for one's current place shown on a map.
Compound of 現在 (genzai, 'present, current') and 位置 (ichi, 'position, location').