When i 1st made this it was always in the way. I kept bumping into it,which is my tendency anyway. I got used to it being in my shop as a piece of furniture.
I use 3 shop vacs .1 is big and old and is tied into my 2" dust collection system mounted on the wall behind my equipment.it is on the other side of a wall so its quiet
# 2 is small and I attach to my sanders and routers. stores easy,
#3 is a ridged wet dry that I use as a vac around the shop. Its quiet and can hold a basket ball off the floor no problem. You would not want the shop vac noise, even if you get a quiet one. the air filter runs very quiet by comparison to a shop vac. Unless you put it in another room and pipe in from your shop with an extra hose. still a noise factor wherever you have the vac.
If you know anyone in the home heating biz, the squirel fans they use in forced air heating systems are what you need . I could not find one at the time. They usually junk them . A lot of home owner are upgrading to more contemporary systems for heat. Check with your local burner man and tell him you looking for a used fan . Cant hurt . Save some $$.
A couple times a year I usually put the air filter on in mid shop and use the extensions on the shop vac, connected to the exhaust and blow the dust off the ceiling/joists,lights and corners. leave the air cleaner on and do again in a couple hours
What are the dimensions of your shop?