| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Tony Bettenhausen | 99 | Murrell Belanger | 1949 Kurtis 327/Offenhauser | 100 | 1,979 | running | 95 |
| 2 | 3 | Paul Russo | 7 | Russo-Nichels | 1950 Russo-Nichels/Offenhauser | 99 | 1,425 | running | 0 |
| 3 | 14 | Henry Banks | 1 | Hopkins Blue Crown | Moore/Offenhauser | 99 | 791 | running | 0 |
| 4 | 6 | Jack McGrath | 9 | Jack Hinkle | 1951 Kurtis 4000 339/Offenhauser | 98 | 514 | running | 0 |
| 5 | 9 | Jimmy Davies | 76 | Parks | Pawl/Offenhauser | 97 | 475 | running | 0 |
| 6 | 13 | Fred Agabashian | 14 | Pat Clancy | Ewing/Offenhauser | 96 | 395 | running | 0 |
| 7 | 5 | Johnnie Parsons | 3 | Wynn's Friction Proofing | 1951 Kurtis 4000 342/Offenhauser | 96 | 316 | running | 0 |
| 8 | 17 | Joe James | 4 | John Zink | Kurtis/Offenhauser | 95 | 296 | running | 0 |
| 9 | 18 | Johnny McDowell | 44 | Federal Engineering Detroit | 1950 Kurtis 3000 335/Offenhauser | 92 | 277 | running | 0 |
| 10 | 2 | Jim Rigsby | 26 | Bob Estes | 1950 Watson/Offenhauser | 85 | 257 | overheating | 5 |
| 11 | 16 | Bobby Ball | 52 | McDaniel | 1951 Kurtis 4000 343/Offenhauser | 84 | 237 | running | 0 |
| 12 | 8 | Frank Armi | 38 | L & E | Wetteroth/Offenhauser | 74 | 197 | running | 0 |
| 13 | 11 | Gordon Reid | 73 | Lee Elkins | 1950 Kurtis 2000 010/Offenhauser | 70 | 178 | radius rod | 0 |
| 14 | 7 | Neal Carter | 28 | Lutes | 1951 Kurtis 4000 344/Offenhauser | 50 | 158 | timing | 0 |
| 15 | 15 | Troy Ruttman | 79 | Hart Fullerton | 1951 Kurtis 4000 338/Offenhauser | 39 | 138 | steering | 0 |
| 16 | 12 | Mike Nazaruk | 48 | Deck Manufacturing | Bromme/Offenhauser | 25 | 118 | piston | 0 |
| 17 | 10 | Rodger Ward | 71 | Karl Hall | Stevens/Offenhauser | 20 | 79 | shock absorber | 0 |
| 18 | 4 | Bill Vukovich | 72 | Viking Trailer | Lesovsky/Offenhauser | 1 | 79 | accident | 0 |