Its a nice touring bike and somewhat rare too. I already have two touring bikes, so my intention for consideraing it is mainly for flipping.

It will serve you well as a commuter too. It just that, you are going to invest a little more to bring it back to a multi-gear form. Not hard to do if you're handy with tools.
Unless you're okay with single speed, then go for it. Just make sure it fits right.