| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 5 | Tony Bettenhausen | 99 | Murrell Belanger | 1949 Kurtis 327/Offenhauser | 100 | 2,375 | running | 16 |
| 2 | 3 | Bill Schindler | 10 | Chapman | 1948 Kurtis 2000 323/Offenhauser | 100 | 1,696 | running | 49 |
| 3 | 11 | Cecil Green | 4 | John Zink | 1951 Kurtis 4000 340/Offenhauser | 100 | 1,014 | running | 0 |
| 4 | 10 | Manuel Ayulo | 31 | Coast Grain | Lesovsky/Offenhauser | 100 | 676 | running | 0 |
| 5 | 9 | Ray Knepper | 78 | Bardahl-Tomshie | Silnes/Offenhauser | 100 | 507 | running | 0 |
| 6 | 15 | Fred Agabashian | 59 | Granatelli | 1950 Kurtis 3000 333/Offenhauser | 98 | 422 | running | 0 |
| 7 | 1 | Jack McGrath | 9 | Jack Hinkle | 1951 Kurtis 4000 339/Offenhauser | 98 | 341 | running | 12 |
| 8 | 12 | Andy Linden | 57 | Leitenberger | 1951 Silnes-Sherman/Offenhauser | 98 | 341 | running | 0 |
| 9 | 17 | Mike Nazaruk | 83 | Jim Robbins | 1948 Kurtis 1000 316/Offenhauser | 97 | 341 | running | 0 |
| 10 | 4 | Henry Banks | 1 | Hopkins Blue Crown | Moore/Offenhauser | 90 | 341 | running | 0 |
| 11 | 2 | Cliff Griffith | 23 | Morris | 1949 Kurtis 2000 328/Offenhauser | 84 | 257 | running | 0 |
| 12 | 14 | Joe James | 26 | Bob Estes | 1950 Watson/Offenhauser | 73 | 257 | did not finish | 0 |
| 13 | 8 | Rodger Ward | 48 | Deck Manufacturing | Bromme/Offenhauser | 59 | 193 | did not finish | 0 |
| 14 | 7 | Bill Vukovich | 81 | Central Excavating | Trevis/Offenhauser | 0 | 193 | stalled | 15 |
| 15 | 13 | Duane Carter | 14 | Pat Clancy | Ewing/Offenhauser | 0 | 171 | did not finish | 0 |
| 16 | 6 | Johnny McDowell | 79 | Hart Fullerton | 1951 Kurtis 4000 338/Offenhauser | 8 | 171 | overheated | 8 |
| 17 | 16 | Gordon Reid | 71 | Karl Hall | Stevens/Offenhauser | 5 | 127 | did not finish | 0 |
| 18 | 18 | Neal Carter | 53 | Lutes | 1950 Bardazon/Offenhauser | 2 | 127 | did not finish | 0 |