| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 3 | Mauri Rose | 3 | Lou Moore | 1947 Deidt FD/Offenhauser | 200 | 42,800 | running | 81 |
| 2 | 2 | Bill Holland | 2 | Lou Moore | 1947 Deidt FD/Offenhauser | 200 | 19,100 | running | 0 |
| 3 | 11 | Duke Nalon | 54 | Lou Welch | 1947 Kurtis FD/Novi SC | 200 | 15,675 | running | 9 |
| 4 | 5 | Ted Horn | 1 | Cotton Henning | Maserati 8CTF 3032/Maserati SC | 200 | 16,175 | running | 74 |
| 5 | 21 | Mack Hellings | 35 | Tommy Lee | 1948 Kurtis 2000 319/Offenhauser | 200 | 7,675 | running | 0 |
| 6 | 14 | Hal Cole | 63 | Leo Dobry | 1948 Kurtis 2000 317/Offenhauser | 200 | 5,425 | running | 0 |
| 7 | 28 | Lee Wallard | 91 | John Iddings | Meyers/Offenhauser | 200 | 5,040 | running | 0 |
| 8 | 27 | Johnny Mauro Lewis Durant | 33 | Mauro | Alfa Romeo 308 422022/Alfa Romeo SC | 198 | 4,115 | running | 0 |
| 8 | 27 | Johnny Mauro Lewis Durant | 33 | Mauro | Alfa Romeo/Alfa Romeo SC | 198 | 4,115 | running | 0 |
| 9 | 23 | Tommy Hinnershitz | 7 | Kurtis Kraft | 1948 Kurtis 1000 316/Offenhauser | 198 | 4,270 | running | 0 |
| 10 | 4 | Jimmy Jackson | 61 | Howard Keck | 1948 Deidt FD/Offenhauser | 193 | 4,120 | spindle | 0 |
| 11 | 12 | Charles Van Acker | 4 | South Bend | Stevens/Offenhauser | 192 | 3,120 | running | 0 |
| 12 | 20 | Billy DeVore | 19 | Pat Clancy | 1948 Kurtis 6 Wheel/Offenhauser | 190 | 2,930 | running | 0 |
| 13 | 8 | Johnny Mantz | 98 | J.C. Agajanian | 1948 Kurtis 2000 318/Offenhauser | 185 | 2,230 | running | 0 |
| 14 | 22 | Tony Bettenhausen | 6 | Murrell Belanger | 1938 Stevens/Offenhauser | 167 | 2,560 | clutch | 0 |
| 15 | 18 | Hal Robson | 64 | Dick Palmer | 1934 Marks/Offenhauser | 164 | 1,990 | valve | 0 |
| 16 | 7 | Bill Cantrell | 36 | Fageol Twin Coach | Stevens/Fageol | 161 | 1,870 | steering | 0 |
| 17 | 10 | Johnny Shackleford Paul Russo Joie Chitwood | 55 | Nyquist | Shaw/Offenhauser | 138 | 2,375 | fuel leak | 0 |
| 18 | 24 | Bill Sheffler | 53 | Sheffler | Bromme/Offenhauser | 132 | 1,830 | spark plug | 0 |
| 19 | 1 | Rex Mays | 5 | Charles Bowes | 1947 Kurtis/Winfield SC | 129 | 5,775 | fuel leak | 36 |
| 20 | 19 | Ken Fowler Louis Tomei Chet Miller | 31 | Don Lee | Mercedes W154 189439/Mercedes SC | 108 | 2,120 | oil trouble | 0 |
| 21 | 13 | Jack McGrath | 52 | Sheffler | Bromme/Offenhauser | 70 | 1,865 | stalled | 0 |
| 22 | 29 | Duane Carter | 16 | Murrell Belanger | 1934 Adams/Offenhauser | 59 | 1,960 | accident | 0 |
| 23 | 32 | Fred Agabashian | 26 | Ross Page | 1946 Kurtis/Duray SC | 58 | 1,580 | oil line | 0 |
| 24 | 9 | Les Anderson | 34 | Les Anderson | 1948 Kurtis/Offenhauser | 58 | 1,550 | gears | 0 |
| 25 | 33 | Mel Hansen | 17 | Schafer Gear | Adams/Sparks | 42 | 1,420 | disqualified | 0 |
| 26 | 15 | Sam Hanks | 76 | Flavell | Adams/Sparks SC | 34 | 1,490 | clutch | 0 |
| 27 | 30 | Spider Webb | 51 | Louis Bromme | Bromme/Offenhauser | 27 | 1,685 | oil line | 0 |
| 28 | 17 | George Connor | 9 | Bennett Brothers | 1939 Sampson/Miller | 24 | 1,330 | driveshaft | 0 |
| 29 | 6 | Doc Williams | 74 | Clarke Motors | Cooper FD/Offenhauser | 19 | 1,300 | ignition | 0 |
| 30 | 31 | Mike Salay | 86 | Terman's Supply | Wetteroth/Offenhauser | 13 | 1,470 | stalled | 0 |
| 31 | 16 | Emil Andres | 8 | Carmine Tuffanelli | 1948 Kurtis 2000 320/Offenhauser | 11 | 1,340 | steering | 0 |
| 32 | 25 | Paul Russo | 25 | Federal Engineering | Maserati 8CTF 3031/Maserati SC | 7 | 1,310 | oil leak | 0 |
| 33 | 26 | Harry McQuinn | 65 | Lynch Motors | Maserati 8CTF 3030/Maserati SC | 1 | 1,180 | supercharger | 0 |
| Lewis Durant | 29 | Auto Shippers | Miller | 0 | 0 | did not qualify | 0 | ||
| Cliff Bergere | 41 | Don Lee | Kurtis 2000/Offenhauser | 0 | practiced car | 0 | |||
| Spider Webb | 72 | Anderson | 1932 Kurtis FD/Offenhauser | 0 | 0 | did not qualify | 0 | ||
| Myron Fohr | 32 | Pepi Marchese | Marchese/Offenhauser | 0 | 0 | did not qualify | 0 | ||
| Johnny Shackleford | 48 | Johnston | Offenhauser | 0 | practiced car | 0 | |||
| Johnnie Parsons | Grancor-Werner | Ford V8 | 0 | practiced car | 0 | ||||
| Red Byron | 43 | Parks-Vogt | Ford V8 | 0 | practiced car | 0 | |||
| Andy Granatelli | 59 | Andy Granatelli | Kurtis 2000/Mercury | 0 | practiced car | 0 | |||
| Andy Granatelli | 39 | Andy Granatelli | Kurtis 2000/Mercury | 0 | practiced car | 0 | |||
| Mel Hansen | 28 | Ray Brady | Sparks SC | 0 | practiced car | 0 | |||
| Ralph Hepburn | 12 | Lew Welch | 1945 Kurtis FD/Novi SC | 0 | practiced car | 0 | |||
| Cliff Bergere | 85 | Anthony Granatelli | Kurtis 2000/Offenhauser | 0 | practiced car | 0 | |||
| Cliff Bergere | 12 | Lew Welch | 1945 Kurtis FD 003/Novi SC | 0 | practiced car | 0 | |||
| Chet Miller | 54 | Lew Welch | 1947 Kurtis FD/Novi SC | 0 | practiced car | 0 | |||
| Louis Tomei | 10 | Tom Sarafoff | Offenhauser | 0 | practiced car | 0 | |||
| Henry Banks | 38 | Federal Engineering | Offenhauser | 0 | practiced car | 0 | |||
| Walt Brown | 69 | Werner/Granatelli | Maserati/Maserati | 0 | practiced car | 0 | |||
| Lee Wallard | 67 | Duesenberg | 0 | practiced car | 0 | ||||
| Charlie Rogers | 89 | Jewell | Volker | 0 | practiced car | 0 | |||
| George Metzler | 47 | Glessner | Clemons | 0 | practiced car | 0 | |||
| Walt Ader | 45 | Lencki/Lencki | 0 | practiced car | 0 | ||||
| Walt Ader | 68 | Lencki/Lencki | 0 | practiced car | 0 | ||||
| Walt Ader | 15 | Fred Peters | Wetteroth/Offenhauser | 0 | practiced car | 0 | |||
| Eddie Zalucki | 21 | Auto Shippers | Offenhauser | 0 | practiced car | 0 | |||
| Pete Romcevich | 49 | Norm Olson | Olson/Offenhauser | 0 | practiced car | 0 | |||
| Ken Fowler | 42 | Don Lee | Alfa Romeo/Alfa Romeo SC | 0 | 0 | did not qualify | 0 | ||
| Roland Free | 73 | Miller SC | 0 | practiced car | 0 | ||||
| Milt Fankhauser | 23 | Fankhauser | Adams/Offenhauser | 0 | practiced car | 0 | |||
| Jackie Holmes | 93 | Jimmy Chai | Offenhauser | 0 | practiced car | 0 | |||
| Jackie Holmes | 24 | Indiana Plywood | Offenhauser | 0 | practiced car | 0 | |||
| Johnny Mauro | 37 | Miller | Miller SC | 0 | practiced car | 0 | |||
| Manuel Ayulo | 88 | Weidel | Kurtis/Mercury | 0 | practiced car | 0 | |||
| Mike Salay | 58 | Lew Welch | Offenhauser | 0 | practiced car | 0 | |||
| Mike Salay | 95 | Kuehl-Osborne | 0 | practiced car | 0 | ||||
| Mack Hellings | 58 | Lou Moore | Offenhauser | 0 | practiced car | 0 | |||
| George Lynch | 56 | 0 | practiced car | 0 | |||||
| Ralph Pratt | 87 | Offenhauser | 0 | practiced car | 0 | ||||
| Joel Thorne | 57 | Joel Thorne | Sparks | 0 | practiced car | 0 | |||
| Art Hartsfield | 27 | Corley | Offenhauser | 0 | practiced car | 0 | |||
| Jim Brubaker | 14 | Jim Brubaker | Maserati V8RI 4501/Maserati | 0 | practiced car | 0 | |||
| Al Miller | 66 | Miller RE 4D/Miller SC | 0 | practiced car | 0 | ||||
| Cowboy O'Rourke | 45 | Lencki/Lencki | 0 | practiced car | 0 | ||||
| Ronney Householder | 68 | Lencki/Lencki | 0 | practiced car | 0 | ||||
| Loral Tansy | 71 | Tansy | Offenhauser | 0 | practiced car | 0 | |||
| Joe Perkins | 62 | Offenhauser | 0 | practiced car | 0 | ||||
| Bob Droeger | 44 | Baldwin | Duesenberg | 0 | practiced car | 0 | |||
| Wilbur Shaw | Chevrolet Fleetmaster Six | 0 | parade lap |