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Spaces are in such demand that there are waiting lists of buyers. Eight people are hoping for the chance to buy one of five private parking spaces for $225,000 in the basement of 246 West 17th Street, a 34-unit condo development scheduled for completion next January.
Chicago. The average cost of one above ground parking space can range from $16,000 to $25,000. The average construction cost of one underground parking space can range from $30,000 to $50,000 in todayâs market.These costs are directly related to design efficiency, construction methods, labor costs and geographical area.he average cost of one above ground parking space can range from $16,000 to $25,000.