Thanks for the suggestions!

We have a room in our basement is partitioned off with concrete blocks (used to be used to store coal - old house) It is rather small, but can serve the purpose. Also, it can be sound-proofed rather easily. With a small child in the house, it's hard to have "things" all over.

I guess I just thought more people would have a designated space for this. With so many "accessories" how does one keep up!?!