It has a very high cool-factor (yes, bat-cave-ish), but there are LOTS of practical hurdles you will need to overcome with money.
1) If it's below grade, anything you drain will HAVE to be pumped back up/out to keep it out of the work space (i.e. weeping tile/floor drains, toilet, sink, etc.).
2) If/when those pumps fail. you WILL be the proud owner of an underground wading pool. Have a back-up.
3) Your entrance ramp is basically just a big ice/snow/water catchment system. That will ALL roll down-hill. Make sure you have a slit-drain all the way accross the door(s) to keep the water from rolling in.
4) Rust. You WILL have it. No matter how good or hi-tech your waterproofing is, it's an underground room, things will sweat. Tools (and cars) will RUST. You will fight a constant battle with this. Above ground garages have this issue too, but you will have it worser. You will need to keep a dehumidifier running constantly, especially when you add in wet vehicles tracking in road-salt/ash/gunk.
5) You have real winters there. Your cars will have real ice/snow/road-gunk. Put in floor drains. Yes, you'll have to pump that out too. Oh BTW, that road-gunk is gonna be REALLY hard on your pumps (see #2).
Yeah, I'm a real glass half-full kinda guy, what can I say, I've spent stupid amounts of money on my garage and I didn't have to solve ANY of those problems. Listen to the people here, there's HUNDREDS of THOUSANDS of dollars and hours of experience. Each hurdle will be unique and it will cost you time and money to solve and chances are you will run into MANY people who have no clue how to deal with your structure/issues cause it's not "normal".
Now on a positive note: if you DO decide to change your mind, there are MANY examples of how you can camoflage your garage to blend-in/dissappear into the backdrop and/or look handsome. I remember one member who had to deal with a home-owner's restriction and he built his shop so that it LOOKED like a neighboring home when viewed from the street. Landscaping goes a long way too.
For better feedback, a couple pics and a drawing of your lot situation might help and get better solutions/suggestions.
