As a realtor by day, I would question why no one wants it. You need to do your research with the local city/township and find out why, what, what might be, etc. You need to look for building codes, can it be rebuilt, zoning issue for use, phase 1 (or hazardous materials), etc. You also need to go to the local courthouse and do a title search back more than 60 years. You need to make sure you don't have to tear it down, is it in flood way/plain, etc. There are so many things to consider.
But the answer to your question of is it worth it at an absolute auction for less than 1,000.00? Isn't any piece of ground?