Is my room going to suck


I am looking for any advise for the room I am being banished to. Planning on doing this within the next couple of weekends. Currently I have an not ideal setup as I have a 7 month old that goes to bed at 7:00 and and our living room is open to the stairway and her room is right at the top. The other room is descent at around 16x22 but speakers and equipment would be in front of the fireplace so wife says no go. 
My best option is to move into the basement and rig it out best I can. Room is 15Lx8.5Wx10H with concrete floor and side walls. Just looking for suggestions on best way to wrangle the best sound out of here as possible. 
Thanks
mofojo

Good measurements for the basement all uneven numbers, and the big plus is a concrete floor which you should spike into with the speakers or speaker stands.

Never ever spike into suspended floors, because the floor then acts as a sound board accentuating and muddying the bass, these types of floors need to be decoupled from stand/speakers.


Cheers George

I feel your pain but the thing to remember is regardless of the room size, with a 7 month old, be very thankful you have a room at all! So, will it work? Absolutely! Good Luck!
Mike
I concur with folkfreak. If you are prepared to adjust your listening position to the optimal spot in the room as opposed to trying to optimize your speaker position for your preferred place to sit, then you are on your way. 

My room is similarly sized, though with carpet over concrete, but was still a bit ringy and had to be deadened. The sweet spot for me is very small, and in an awkward spot in the room, but 98% of my listening is done solo so who cares.  
Near field listening should be fine, no worries. Just move the speakers around to find the best position for them.
Thanks for the suggestions. Never thought about the long wall but I will try that also. Hopefully I'll get some time to get it all put together in the next couple weeks. Figured I will start with laying just a big carpet remnant on the floor and hanging some 703 panels around the room and in the corners. Maybe hang some flat on the ceiling. I guess one advantage is this is my little space and I can do whatever I want with it. I have a JL F113 sub that I am sure will be total overkill but I'm sure will really pressurize the room :-). Later I want to knock a wall down and that will double the size of the room although will have a single round truss support in the middle. This will have to do for a while since the last thing I need is another big project.