If you have the room and the patience, it would make a good yard tractor. Mostly draw bar pulling stuff. I can't tell from this angle for sure, but most of those didn't have a pto. It was either drawbar or belt drive implements. Definitely no 3pt hitch or hydraulics of any sort. Early ones had a Hercules 2 cylinder and later, Deere made their own engine. Some parts may be a challenge to find, but still can be had. Heck, you could part it out and make a decent amount of money, but that would be a shame since it looks so complete. A quick google search turned up this little gem if you ever decide to take possession and restore it to use.
View attachment 303791
Now, I'm gonna be brutally honest here. If (especially IF) you hire everything done to restore the tractor to this amount of detail, you'll have way more invested in the tractor than what it is worth. If you do a lot of it yourself over a long period of time, when you get finished, you'll have a nice little tractor that will last several more decades. We try to restore ours to good running condition and not so much about shiny paint. That way we aren't afraid to use them. Even then, you still may have more invested than the tractor is worth. BUT, you won't regret the satisfaction of getting it running yourself, ever... There are a few items on that tractor that even I would recommend hiring done. For instance, the ignition system is controlled by a Magneto. To me (too young), they are a magic box... BUT, there are lots of places that rebuild them for you at a decent price. Same with the carburetor. Here are some resources, should you continue with this project: Yesterdaystractors.com
Greenmagazine.com
Two-cylinder.com
Antiquepower.com
Robertscarbrepair.com
Well, just google magneto repair and a whole bunch of places come up. Search through them by closest to you (don't tell me where you are located... If you're too close I'll be tempted to come "help" you with the tractor :wink:

:eyeroll: ).
Any farmer near you can get you a tire dealer. However the L had uncommon sizes I believe, so M E Miller Tire (millertire.com) would be your best bet. He specializes in hard to find sizes.
Have I talked you into
OR out of it yet...
Adrian