Update (sorry for taking so long).
I got a long tube and stretched it from bleeder valve to reservoir. Cracked the valve and pumped the clutch. Added fluid when reservoir got low. I kept pumping the pedal for about 15 minutes. All the fluid that came out was in good shape. Maybe the PO did something with it and didn't flush correctly?
Now I have clutch again. Pedal still disengages about half-way down the stroke. But, no more grinding or 'hitting a brick wall'. Since I didn't remove the MC out of the firewall to ensure all the air was removed, I'm very, very satisfied with the outcome.
I'll pull the MC at some point and do it 'properly', but for now, I'm just stoked that it shifts gears and the clutch isn't a goner.
Still haven't noticed any leaks, and the level in the reservoir is still holding steady. I'll keep an eye on it and make sure it doesn't start losing fluid.
Thanks for all the help.