We called this the dungeon when we bought the house. Its pretty clear why.
Drywall still needs to be put up on two of the walls to help kill off the dungeon look. One half of the room had drywall up because it was finished off with the basement and since this was used for a cold storage room there wasn't a need for drywall on the other walls. We painted over the cement for a temporary look and adding the laminate floor really helped this room from looking super creepy! Tons of work is left in this room but its doing the job okay for now.
There you have it! This is our home updated and still in progress but we have loved working on it and making it our own. During the project I sometimes hate the work but it is so worth it once its done!