Should I insulate my small cold storage room in the basement?
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Depends on how you intend to use it- cold storage allows one sort, while general household storage may require insulated space
I would check the foundation if it is damp, could be water seepage or a crack and needs to be fixed. Also it could just be drainage problems. Depending, it could be very expensive. Get at least 3 itemized bids if not more and check, check, check references and BBB.
Does the room above feel cold? If not I would say wait til spring reinstall the door making sure that you have sufficiently insulated around that door. That should help the door it is a steel door not an interior door that is hollow. You didn't mention windows so no worries there. As for change in air a lot of people have that issue so I would guess that it has more to do with the door than the drainage at least that is my hope for you.
I have a store room in the basement that is under my small kitchen. . . same size. Our basement is unfinished (field stone walls) we do have a wood burning stove, but it is as far away from my store room as possible. We have lived here many years and no harm has come from any of our basement being unheated. This is a particularly cold winter (sub zero temps when we get up) We live in Maine. I might not be understanding you. Do you mean the door in the store room is an outside door or an inside door?
search "encapsulating your crawl space". You can transfer this idea from a crawl space to your room. It is along the same idea of using foam insulation.