A series of Co1+xFe2–xO4 (0≤x≤2) spinel nanowires was synthesized by nanocasting using SBA‐15 silica as hard template, which was characterized by X‐ray powder diffraction, X‐ray photoelectron spectroscopy, and transmission electron microscopy. The Co1+xFe2–xO4 spinels were applied in the aerobic oxidation of aqueous 2‐propanol solutions to systematically study the influence of exposed Co and Fe cations on the catalytic properties. The activity of the catalysts was found to depend strongly on the Co content, showing an exponential increase of the reaction rate with increasing Co content. Ensembles of Co3+cus (coordinatively unsaturated) sites were identified as the active sites for selective 2‐propanol oxidation, which are assumed to consist of more than six Co ions. In addition, gas‐phase oxidation with and without water vapor co‐feeding was performed to achieve a comparison with liquid‐phase oxidation kinetics. An apparent activation energy of 94 kJ mol−1 was determined for 2‐propanol oxidation over Co3O4 in the liquid phase, which is in good agreement with the gas‐phase oxidation in the presence of water vapor. In contrast to gas‐phase conditions, the catalysts showed high stability and reusability in the aqueous phase with constant conversion in three consecutive runs.