In order to detect the rare astrophysical events that generate gravitational wave (GW) radiation, sufficient stability is required for GW antennas to allow long-term observation. In practice, seismic excitation is one of the most common disturbances effecting stable operation of suspended-mirror laser interferometers. A straightforward means to allow more stable operation is therefore to locate the antenna, the ``observatory, at a ``quiet site. A laser interferometer gravitational wave antenna with a baseline length of 20m (LISM) was developed at a site 1000m underground, near Kamioka, Japan. This project was a unique demonstration of a prototype laser interferometer for gravitational wave observation located underground. The extremely stable environment is the prime motivation for going underground. In this paper, the demonstrated ultra-stable operation of the interferometer and a well-maintained antenna sensitivity are reported.