Built in 1883 on land donated by B.R. Bonnell to serve families southwest of Loveland, Lone Tree School was named for the single Hackberry tree growing nearby. The school closed in 1920 and was used as a community center until about 1940, then for grain storage until it was abandoned. The W.F. Morey family donated the building to the Loveland community for preservation, and the Loveland Bicentennial Committee of 1976 undertook restoration, completing the project in 1985 with the assistance of area organizations and volunteers. It is operated by the Loveland Museum & Gallery.