Fabrication of architected materials through self‐assembly of units offers many advantages over monolithic solids including recyclability, reconfigurability, self‐healing, and diversity of emergent properties – all prescribed chiefly by the choice of the building blocks. While self‐assembly is prevalent in biosynthesis, it remains challenging to recapitulate it macroscopically. Recent success in the self‐assembly of 2D ordered open magneto‐elastic lattices from centimeter‐long bar units with sticky magnetic ends, showcasing graceful failure at “magnetic bonds” and re‐assembly under extreme loading. However, it is still unclear how this approach can be generalized to design units that preferably form ordered low‐energy structures with desirable mechanical properties such as ductility, auxetics, and impact resistance. Here, diverse ordered 2D lattice structures are predicted as the self‐assembly outcomes from units with 2 (bar), 3 (Y‐shape), and 4 (cross) branches with magnetic ends. The defect formation is significantly reduced by a computational design approach. Tunable mechanical behavior is shown to be achieved by varying unit shapes and magnet orientations. Cross‐shaped units are identified for their promise in auxetic response and penetration resistance with these findings validated through experiments. The work highlights the potential of self‐assembling magnetic architected materials for adaptive structures, impact mitigation, and energy adsorption.