Planning my shop Build-out for next summer, looking for advice.

Floor drains are a nice touch!

My friend John who helped me build my car had a compressor room the size of a closet behind his garage out of sight.

Hardly could hear it when it was running. 80 gallon 2 stage Dewalt. 230V

It had a door and was easily serviceable, The compressor looks as new as the day he bought it .
I've seen it done many times...in the end it all boils down to personal preference and if you want to add that cost to your current building. If you pour a nice pad, frame the room side it roof it and insulate it even if its small the cost adds up quickly. But it saves room and some noise if you can't hide it under the stairs in a bathroom...LOL There are certainly pros and cons to either way.