A series of low‐symmetry ZnII, MgII, and metal‐free porphyrazine derivatives with one 1,2,5‐chalcogenadiazole ring (with S, Se or Te) and three pyrazines bearing tert‐butylsulfanyls were synthesized. The absorption maxima of ZnII complexes lay at 660, 674, and 707 nm for S, Se, and Te, respectively, indicating increasing contribution of the 1,2,5‐chalcogenadiazole rings to the π‐electronic system. Photophysical studies revealed that introduction of Se as a chalcogen and ZnII as a central metal causes an increase in the singlet oxygen quantum yield, reaching a value of 0.81, whereas the combination of S and MgII gives only 0.39. This takes place on the account of the fluorescence quantum yields that differ significantly from 0.072 (ZnII+Se) to 0.51 (MgII+S). These results demonstrated the two‐dimensional heavy atom effect combining the role of the chalcogen (first dimension) as well as the central metal (second dimension). Attempts to prepare oxygen‐containing isologues led to the formation of an unexpected side product.