Three novel isatin‐triazole tethered tetrahydropyridine‐based colorimetric chemosensors were synthesized for selective recognition of Fe3+ ions. Their selectivity and sensitivity were investigated through colorimetric and UV‐Visible studies in a mixed‐aqueous medium (MeOH/H2O (7 : 3, v/v)). The binding stoichiometry of Chemosensor 3‐methyl 1‐phenyl (5S,6R)‐5‐bromo‐6‐(4‐((2,3‐dioxoindolin‐1‐yl)methyl)‐1H‐1,2,3‐triazol‐1‐yl)‐5,6‐dihydropyridine‐1,3(2H)‐dicarboxylate (6 a) was found to be 1 : 1 with the highest binding constant Ka, 8.6×103 M−1. The detection limit of 6 a for Fe3+ ions (0.47 μM) was much lower than the maximum permissible limit of Fe3+ ion according to Environmental Protection Agency (EPA). Moreover, the 6 a‐Fe3+ complex was found to be recyclable upon the addition of EDTA. Furthermore, the reversible colorimetric changes of 6 a on adding Fe3+ ions and EDTA were found to mimic the ‘INHIBIT’ molecular logic gate. The chemosensor 6 a recognizes Fe3+ ions by binding through oxygen atoms of isatin as confirmed by Density Functional Theory (DFT) studies.