I agree that there isn't as much storage for doll stuff as you'd expect, since the drawers don't fit much, especially for the price. But I have to say that I think this piece was the one that got the most bang for the buck over the years. Obviously it's useful for playing school, and mine has a handle on top, which I don't see in the OP's pictures, which makes it more portable, albeit less realistic.
Another issue is that unlike Julie's lockers, which come in a set, there's only one, so you'd need buy more than one to make a more realistic scene, but the price prohibits that.
I mainly like this piece because it has use beyond being just doll's furniture. I used it after I stopped playing with my AGs for years because of its locking capability. So it I used to store my secret diaries and etc. It's cute enough to also work in a preteen or teenager's bedroom.
If you just want it as doll storage, there's better pieces out there. But if you find it for a good price, I recommend it.