Ok thats additional info that does tend to argue against the strong room suggestion. However it doesn't need change my other comments.
Correct me if I'm wrong but I'm under the impression that winter temperatures can be as low as -30 in Kansas which suggests heating. Those pot bellied stoves were quite small and effecient and could have either straight or angled flues (the arrangment was imported from scandanavia).
As to the signage I wasn't looking at the obvious chisling but at the water staining of the wall, in places you can see where a vertical water stain has been diverted to both left and right horizontally, this suggests there was something on the wall to obstruct the flow, also the colour (dirt) on the wall. (It helps if you put the photo in photoshop and manipulate it a lot with the contrast, brightness etc controls) I should add that I spent some of my working life looking for subtle changes in similar images (it does take a lot of practice to 'get your eye in'). I'm very confident there was something to the right of the door, I'm less confident of something above the door but I do think I can just see the ghost of something there. In both cases I cannot think what it might be other than signage for the two larger marks and a (letter) box (or sign) for the smaller.
If you haven't aready done so you should investigate the floor. The picture of the wall vent shows what appears to be a lip in the wall below the vent. Was this lip to support the floor, or is the real floor below the dirt. If there is a concrete (or other) floor below the dirt the vent obviously serves the room. If not there may have been a wooden floor supported by the lip, in which case its possible the vents were under the floor and therefore did not serve the room.
ADDED LATER
I can only think of three possibilities for this building. two have been discussed strong room and explosives store. The third possibility is armoury, could there have been any military activity in the area, possibly a National Guard unit who's members were from the factory. Its possible cement could have been considered a vital war material and the creation of a national guard unit encouraged. What is the roof like is it as strong as the walls, armouries and strong rooms both require a strong roof.
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