| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 14 | Tony Bettenhausen | 99 | Murrell Belanger | 1949 Kurtis 327/Offenhauser | 100 | 2,879 | running | 81 |
| 2 | 4 | Jack McGrath | 9 | Jack Hinkle | 1951 Kurtis 4000 339/Offenhauser | 100 | 2,070 | running | 0 |
| 3 | 7 | Bill Schindler | 10 | Chapman | 1948 Kurtis 2000 323/Offenhauser | 100 | 1,150 | running | 0 |
| 4 | 8 | Henry Banks | 1 | Hopkins Blue Crown | Moore/Offenhauser | 100 | 747 | running | 0 |
| 5 | 13 | Chuck Stevenson | 8 | Bardahl-Marchese | 1938 Marchese/Offenhauser | 100 | 690 | running | 0 |
| 6 | 12 | Troy Ruttman | 4 | John Zink | Kurtis/Offenhauser | 100 | 575 | running | 0 |
| 7 | 17 | Gordon Reid | 73 | McNamara | 1950 Kurtis 2000 010/Offenhauser | 98 | 460 | running | 0 |
| 8 | 5 | Joe Garson | 77 | Elgin Piston Pin | Stevens/Offenhauser | 98 | 431 | running | 0 |
| 9 | 15 | Johnny McDowell | 79 | Hart Fullerton | 1951 Kurtis 4000 338/Offenhauser | 97 | 402 | running | 0 |
| 10 | 18 | Jim Rigsby | 33 | Iddings | Meyer/Offenhauser | 97 | 373 | running | 0 |
| 11 | 2 | Duane Carter | 14 | Pat Clancy | Ewing/Offenhauser | 91 | 345 | running | 0 |
| 12 | 16 | Joe James | 26 | Bob Estes | 1950 Watson/Offenhauser | 86 | 287 | oil pressure | 0 |
| 13 | 11 | Gene Force | 69 | Brown Motor Co. | 1948 Kurtis 2000 324/Offenhauser | 81 | 258 | steering | 0 |
| 14 | 1 | Paul Russo | 7 | Russo-Nichels | 1950 Russo-Nichels/Offenhauser | 77 | 230 | oil pressure | 19 |
| 15 | 6 | Bill Vukovich | 81 | Central Excavating | Trevis/Offenhauser | 64 | 202 | oil pressure | 0 |
| 16 | 3 | Neal Carter | 53 | Lutes | 1950 Bardazon/Offenhauser | 43 | 172 | rear end | 0 |
| 17 | 10 | Manuel Ayulo | 31 | Coast Grain | Lesovsky/Offenhauser | 15 | 115 | accident | 0 |
| 18 | 9 | Jimmy Davies | 76 | Parks | Pawl/Offenhauser | 7 | 115 | fuel pump | 0 |