The magnetic features of the mononuclear iron (III) complexes [Fe(L)2]+X− with tridentate Schiff base ligands [where L is 4‐(4‐diphenylcarboxy)‐2′‐oxysalicylidene‐N′‐ethylene‐N‐ethylene‐2′‐amine‐(carboxy‐4‐diphenyl) and X− = Cl− (1), PF6− (2) and NO3− (3) counter‐ions] have been studied by electron paramagnetic resonance (EPR) spectroscopy, SQUID (superconducting quantum interference device) magnetometry (solid), and Evans 1H nuclear magnetic resonance method (solution). EPR established that compounds (1) and (2) consist of two types high‐spin (HS, S = 5/2) centers with weak distorted and strong low‐symmetry octahedral crystal fields. The signals from low‐spin centers (LS, S = 1/2) of Fe (III) are observed in the spectra of compounds 2 and 3. SQUID revealed permanent HS behavior in (1) and mixed LS + HS in (2), (3) in wide temperature range, while solution method—only HS. Magnetic measurements allowed to estimate part of HS and LS fractions and detected antiferromagnetic exchange interactions between the neighboring Fe (III) ions in complexes.“