Abstract Developing functional metal–organic frameworks (MOFs) with high electrical conductivity is crucial for their applications as advanced electronic materials. In this work, we for the first time construct a new family of functional and highly conductive MOFs using metalloporphyrazine (MPz) ligands based on a trimming‐π concept via cutting the benzene ring from molecular metallopthalocynine (MPc). The deprotonation‐after‐coordination synthetic method affords crystalline MPz−Cu−NH MOFs with square lattices. Four‐point probe conductivity measurements reveal the high room temperature electrical conductivity of MPz‐based MOFs ranging from 3.5×10 −2 to 1.3×10 −1 S cm −1 , two orders of magnitude higher than the MPc‐based MOF counterparts. Temperature‐dependent conductivity measurements and electronic band structure analysis demonstrate ultra‐small activation energies with potential metallic conducting behavior for the MPz−Cu−NH MOFs. Encapsulation of the aromatic guest molecules with different electron‐donating and ‐withdrawing features allows the conductivity modulation of the CuPz−Cu−NH in a wide range spanning two orders of magnitude. These conductive MPz−Cu−NH MOFs with built‐in MPz functional units exhibit MPz identity‐dependent sensing performance, and realize highly sensitive detection of NH 3 and NO 2 using a low driving voltage of 0.1 V.