Nowadays much emphasis has been placed on studying smart materials for civil engineering applications because of their ability to change their particular properties in a controlled manner by external stimuli. Shape memory alloys (SMA) belong to the wider category of intelligent materials and exhibit two unique characteristic behaviors, superelasticity and shape memory effect, making them differ from conventional materials. These effects are due to diffusionless transformations between austenitic and martensitic phases. The SME occurs because a temperature-induced phase transformation reverses deformation and the pseudoelasticty achieves large, recoverable strains with little to no permanent deformation, as well, but it relies on more complex mechanisms. More recently, Innovative, low cost iron-based shape memory alloys (Fe-Mn-Si SMAs) with good workability, machinability, and weldability have been drawing much attention during the last two decades regarding to their potential application in civil engineering such as prestressing of concrete or coupling devices. In the present work we carried out an experimental campaign on monotonic mechanical loading, low-cycle fatigue and thermal loading in the laboratory of Experimental Strength for Materials and Structures of Aristotle University of Thessaloniki, so as to investigate in practice their thermomechanical behavior and all their special characteristics in comparison to the results that already exist in the current literature. Our investigation showed that the studied Fe-SMA change positively their mechanical properties when we increased the temperature thus revealing their potential use towards the industry of strengthening existing and new structures.