Pesky .avi files and Media Encoder "unsupported/corrupted"

I have an AVI file (see MediaInfo report copied below) I'm trying to open with media encoder because I need to be able to get it into Premiere Pro for editing (and audio editing in Audition eventually too). Codec is H264, audio is Mpeg-1. As I understand it, Media Encoder (and the other adobe products) isn't very agreeable with these types of codecs and/or wrappers. So two questions - how do I go about getting it into Media Encoder so I can convert the file to something more useful? Once it's actually in there, what should I convert the format to, so it works smoothly in both PP and Audition? Is this even possible without separating video from audio? I don't have much hope with an mpeg-1 audio encoding...

Running Windows 10, ME 2017 was gotten through Creative Cloud.

MediaInfo

General

Complete name                            : G:\Quail\Videos\Demaso727.avi

Format                                   : AVI

Format/Info                              : Audio Video Interleave

File size                                : 370 MiB

Duration                                 : 1 h 30 min

Overall bit rate                         : 569 kb/s

Writing application                      : BandiAviMuxer 1.0

Video

ID                                       : 0

Format                                   : AVC

Format/Info                              : Advanced Video Codec

Format profile                           : Main@L5

Format settings, CABAC                   : Yes

Format settings, RefFrames               : 1 frame

Codec ID                                 : H264

Duration                                 : 1 h 30 min

Bit rate                                 : 363 kb/s

Width                                    : 1 912 pixels

Height                                   : 1 168 pixels

Display aspect ratio                     : 16:10

Frame rate                               : 30.000 FPS

Color space                              : YUV

Chroma subsampling                       : 4:2:0

Bit depth                                : 8 bits

Scan type                                : Progressive

Bits/(Pixel*Frame)                       : 0.005

Stream size                              : 236 MiB (64%)

Audio

ID                                       : 1

Format                                   : MPEG Audio

Format version                           : Version 1

Format profile                           : Layer 2

Codec ID                                 : 50

Duration                                 : 1 h 30 min

Bit rate mode                            : Constant

Bit rate                                 : 192 kb/s

Channel(s)                               : 2 channels

Sampling rate                            : 48.0 kHz

Compression mode                         : Lossy

Stream size                              : 125 MiB (34%)

Alignment                                : Aligned on interleaves

Interleave, duration                     : 24  ms (0.72 video frame)

Interleave, preload duration             : 48  ms