A nonlinear magnetic vibration absorber is presented and used to control vibration of a three-storey structure. A distinctive feature of the absorber concerns its versatility for tuning the linear and nonlinear stiffness coefficients, depending on simple geometric design parameters such as the distance between fixed magnets and the moving one. In particular, the absorber can be set either as a nonlinear tuned vibration absorber, a nonlinear energy sink, or a bistable tuned vibration absorber, according to whether the linear stiffness term is positive, vanishing, or negative. The response of the primary structure and the vibration mitigation are investigated in the cases of impulsive shock, free vibration with imposed initial displacement, and single frequency excitation. Significant reductions of the primary structure vibrations are obtained for the three cases investigated, showing the ability of using a vibration absorber only relying on magnetic forces for passive control. The detailed comparisons of the absorbers performance show that, in this case study, no general guidelines can be easily deduced for selecting one of the three tunings for a nonlinear absorber. Depending on the excitation, the vibratory levels, and the frequency content of the excitation, the three configurations show advantages and drawbacks that are discussed.