Investor profile - MN
Erik Honkanen
Erik Honkanen is a real estate investor and operator based in Duluth, MN-WI. Public filings show activity across 3 properties held through 1 holding companies. Recent mortgage relationships include U.S. Small Business Administration, HIBBING ECONOMIC DEVELOPMENT AUTHORITY, and Entrepreneur Fund.
Erik's Activity
As of December 2025, public records show approximately $767k in recorded mortgage exposure linked to this investor across at least 7 mortgage filings and 3 properties held through 1 holding companies. Activity appears concentrated in commercial and residential assets recorded between 2016 and 2025.
Associated People
Primary Geography
Duluth, MN-WI
ZIP codes: 55741, 55746, and 55803
Most recorded activity for this investor appears in DULUTH, HIBBING, and GILBERT.
Property Type Breakdown
Associated Entities (1)
MN · 4 properties · 7 mortgages
Mortgages (7)
Top Lenders
$500k · 1 loan
$200k · 1 loan
$55k · 1 loan
| Date | Amount | Status | Lender | Borrower | Address |
|---|---|---|---|---|---|
| 03/31/2025 | $500k | Open | U.S. Small Business Administration | LIETZ PROPERTIES LLC | 4483 MARTIN RD, DULUTH, MN 55803 |
| 12/22/2021 | $12k | Open | EVELETH ECONOMIC DEVELOPMENT | LIETZ PROPERTIES LLC | - |
| 05/14/2018 | $45k | Closed | First National Bank of Gillette | LIETZ PROPERTIES LLC | 213 E MICHIGAN AVE, GILBERT, MN 55741 |
+4 more not shown
Owned Properties (3)
| Address | Deeded owner | Status | Consideration |
|---|---|---|---|
| 4483 MARTIN RD, DULUTH, MN 55803 | LIETZ PROPERTIES LLC | Owns - 3.7 yrs | $500 |
| 213 E MICHIGAN AVE, GILBERT, MN 55741 | LIETZ PROPERTIES LLC | Owns - 7.8 yrs | $0 |
| 531 E HOWARD ST, HIBBING, MN 55746 | LIETZ PROPERTIES LLC | Owns - 9.5 yrs | $100k |
+0 more not shown
FAQ
What type of real estate does this investor focus on?
Associated mortgages and deeds show activity in commercial and residential properties across Duluth, MN-WI.
What companies is Erik Honkanen associated with?
Erik Honkanen is associated with 1 entity based on extracted signatures from public records. Key entities include LIETZ PROPERTIES LLC.
How many properties are associated with this investor?
At least 3 properties are associated with Erik Honkanen and the entities they control, based on signatures extracted from recorded documents connecting Erik Honkanen to the entities.
Which lenders has this investor worked with?
Recent mortgage activity references U.S. Small Business Administration, HIBBING ECONOMIC DEVELOPMENT AUTHORITY, and Entrepreneur Fund, indicating a mix of lending relationships.
How recent is their activity?
Records show activity from 2016 through 2025, with the most recent mortgage recorded in 2025.
How is associated activity determined?
Elementix uses AI to extract signatures from recorded documents. These signatures are used to determine the relationships between people and entities. This is a novel approach that goes beyond looking at corporate filings and skip-tracing.
The information displayed on this page is compiled from recorded real estate documents, business filings, and other lawfully available sources. Elementix summarizes and analyzes public record activity related to investment real estate and associated business entities. Any contact indicators shown (such as email domain references or partial phone digits) are provided solely as unverified signals and may be incomplete or outdated.
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