Yep!! Insulate as others have said. Now, My shop is +- 370 sq. ft. Insulated walls and ceiling. Living in N. Mississippi is not the ice box of the South, but we do get into the teens this time of year. I heat with elec. oil filled radiators. Granted 17 x 22 x 9 is not a monster shop, but it sure stays toasty. On the coldest days I will turn on a second unit. Have had no moisture probs either. Trick is to keep it somewhat warm all the time, and turn up the heat for a bit when you will be in the shop for a period of time.
Ditto on the termite issue. Ya sure don't want any of those critters.
Bill
On the other hand, I still have five fingers.