Waiting for "someday" will leave you on your deathbed wondering why you didn't just rearrange your priorities and enjoy the time you had, instead of waiting for a "better" time to come along...
Its considered a M116 Pioneer Tool trailer. It brings the tools out to the field. It has a M101 based rolling chassis. The split rims I'd be leary to continue to use. Probably weighs near 1200#s empty. The M101 trailers were just over that with a heavy gauge sheetmetal bed.