Originally Posted by
vintagecycler
so you are saying I should do it then? Do you think I could potentially make a profit off of this if I give it some tlc, tubes & tires, and a chain?
Only if you have the time/space/aptitude/interest/tools/access to low cost parts/ and ability to do the entire rehab yourself. Pay a shop to do the work for you, and the repair bill will exceed the value of the bike.
Myself, I do all the repair work, so I would jump all over that Trek, assuming the frame was damage free and the paint was good. +1 To below, in my market, I do not get such strong prices on the finished product. A lower end steel Trek typically brings $200, maybe $225 max, in pristine, ready to ride condition.