IMHO in it's current state it's junk. The components were cheap when they made that bike and they do not get better with age. It would not stand up to my daily 15 mile RT commute for long in the shape that it's in. (and i can't even look at that seat the way it's positioned)

With that said, It could be a candidate for a single speed conversion. If it were me I'd replace the brakes and levers, remove shifters and cassette and add spacers and a cog, a new seat and bar tape, rebuild the hubs and you could have a pretty solid daily rider there. But then again, you'd have spent a considerable amount of time and money on a frame that is made of gas pipe. Not a great value proposition to me. There are other way better frames out there to do that to.

My feeling is a dedicated commuter has to be built to stand up to long term daily use, and be enjoyable to ride. Im not sure this bike is capable, at least for me it's not.