This is our school area. It's a wall in my daughters bedroom. We do school in other areas too but this gives a home to everything school related.
As for as worksheets, I have a binder, divided into subjects, that I put them in. For projects we take pictures and eventually we get rid of the project since we are so limited on space.
My lil one is starting Kindergarten soon and this is her corner she has a white table with (4) colored chairs. I have a small.cabinet I keep in my room with her supplies. I bought my daughter a large folder from Lakeshore Learning that she puts her daily work in. I also buy posters from teacheresource and the Dollar Tree to get my banner. Make it colorful and.fun!! Good Luck
We have our dining room set up for school as well, but mostly it's for storage of our school items. I have 2 bookcases, and a meTal rack (like a book case) for the billion books I have. So each child has their own book case with the metal one being teaching materials and reference books. I have a dressure in there for some craft supplies, and a cubbyhole bookshelf thing that holds 9 baskets - botch of tHese for crafts supplies and science materials. I also have a small bookcase (one intended for bathrooms) where I keep our rarely used workbooks.