hell yes. i've read it a couple dozen times.
i don't like the fantasy genre at all either, other than for this book. but as far as i'm concerned, this is the book that created that whole genre. and it's better than all of them, put together. in my opinion.
mainly because of tolkien himself. he wasn't just some bored office clerk, looking to do some literary escapism and maybe a few bucks, or whatever.
he was a world war 1 veteran. served in the trenches. most of his friends died. he only escaped by coming down with a disease that got him shipped home. he spent the rest of his life becoming a scholar of ancient northern european languages and mythology.
and all this shows in his book. the language of middle earth isn't some arbitrary mash of random confabulation; it's totally informed by tolkien's academic expertise. the themes of the book aren't just about some grand random mcguffin hunt or other. he's writing about the problem of good and evil, and concept of a just war, the duties of citizens in times of conflict, etc etc etc.
i'm not saying its necessarily one of the all time greatest classic books in all of literature, but i do think it's a totally legitimate classic in any case. and it's worth reading multiple times.