I don't run it anymore but my old server was a dual xeon (with two of those coolers crammed in) and I rarely heard a peep out of it.
[1] https://www.intel.com/content/www/us/en/products/sku/92986/i...
You likely need to replace the flow-through server chassis system with an active "normal" cooler to achieve a bit of silence.
85W might be about right. My old server CPU is in the same ballpark and compiling kernels it reached about 90w in power usage. If you want to keep it running: idle is not very low power unless you have one of the "low power" L versions, keep that in mind.
Well, you can use it for lots of other things as well.
Compared to the cloud you can probably save up to buy a new server every month. And don't underestimate the gains of having something to experiment on and play with.