| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Tony Bettenhausen | 99 | Murrell Belanger | 1949 Kurtis 327/Offenhauser | 67 | 3,750 | running | 67 |
| 2 | 4 | Walt Faulkner | 2 | Aganjanian-Grant | Kuzma/Offenhauser | 67 | 2,700 | running | 0 |
| 3 | 6 | Bill Vukovich | 4 | John Zink | Kurtis/Offenhauser | 67 | 1,500 | running | 0 |
| 4 | 17 | Eddie Johnson | 33 | Iddings | Meyer/Offenhauser | 66 | 975 | running | 0 |
| 5 | 18 | Harry King | 34 | Pete Wales Trucking | 1948 Kurtis 2000 321/Offenhauser | 66 | 900 | running | 0 |
| 6 | 16 | Henry Banks | 1 | Hopkins Blue Crown | Moore/Offenhauser | 66 | 750 | running | 0 |
| 7 | 7 | Jack McGrath | 9 | Jack Hinkle | 1951 Kurtis 4000 339/Offenhauser | 65 | 600 | accident | 0 |
| 8 | 11 | Bill Schindler | 10 | Chapman | 1948 Kurtis 2000 323/Offenhauser | 65 | 562 | accident | 0 |
| 9 | 14 | Chuck Stevenson | 8 | Bardahl-Marchese | 1938 Marchese/Offenhauser | 65 | 525 | accident | 0 |
| 10 | 10 | Buzz Barton | 79 | Ess-A-R-R Engineering | Kurtis Midget/Offenhauser | 64 | 417 | accident | 0 |
| 11 | 5 | Andy Linden | 57 | Leitenberger | 1951 Silnes-Sherman/Offenhauser | 56 | 450 | accident | 0 |
| 12 | 15 | Manuel Ayulo | 31 | Coast Grain | Lesovsky/Offenhauser | 56 | 375 | broken wheel | 0 |
| 13 | 3 | Duane Carter | 14 | Pat Clancy | Ewing/Offenhauser | 47 | 337 | did not finish | 0 |
| 14 | 12 | Tommy Hinnershitz | 83 | Warke | Kurtis-Warke/Offenhauser | 33 | 300 | brakes | 0 |
| 15 | 8 | Paul Russo | 7 | Russo-Nichels | 1950 Russo-Nichels/Offenhauser | 30 | 262 | withdrew | 0 |
| 16 | 2 | Joe James | 26 | Bob Estes | 1950 Watson/Offenhauser | 19 | 215 | motor mount | 0 |
| 17 | 13 | Johnnie Parsons | 37 | Milt Marion | 1949 Kurtis 2000 326/Offenhauser | 6 | 150 | connecting rod | 0 |
| 18 | 9 | Mike Nazaruk | 48 | Deck Manufacturing | Bromme/Offenhauser | 3 | 150 | radius rod | 0 |