One point about locating a compressor elsewhere other than your immediate work area...I speak from experience here having worked for a compressor company provided sales & service and manufactured our own (industrial).
Many of the failures I saw were compressors located in separate locations. Some were in high humidity with the delivery being inside a dry area...they'd literally pump water out the end of the line overwhelming the water trap.
Some were in cold dry areas with the air being delivered into a warm moist environment...condensation was less but the cold temp of the air would freeze up the regulators and not do the equipment it ran any favors either. Especially those in paint shops...cold air and paint don't neccessarily work well together.
Again the compressor inside a warm humid location, with delivery outside to a cold location...pumping water and causing issues of freeze up. Gas Stations are good for this.
Another problem I saw was the routing of the lines from the compressor to the outlet point. Again locating a compressor on the floor, running the air line along the ceiling dropping down to an outlet...the temperature gradient was as much as 30 degrees different...which caused issues for that particular customer. A mid wall routing solve the problem.
Also compressors need to breathe...they do suck in air! They also use ambient air to cool themselves. Too tight of a "hush box" or extreme climate location can cause a compressor to fail prematurely.
So if you are thinking of using a utility compressor, that's okay. If you are thinking of locating it somewhere remote that is okay too but understand that it may be quietly working away to pump air to your workshop, it may not be delivering the quality of air you need. There are simple fixes to prevent many of the issues I described.