The characteristic flow behavior, time-averaged velocity distributions, phase-resolved ensemble-averaged velocity profiles, and turbulence properties of the flow in the interdisk midplane between shrouded two corotating disks at the interdisk spacing to disk radius aspect ratio 0.2 and rotation Reynolds number 3.01 × 105 were experimentally studied by flow visualization method and particle image velocimetry (PIV). An oval core flow structure rotating at a frequency 60% of the disks rotating frequency was observed. Based on the analysis of relative velocities, the flow in the region outside the oval core flow structure consisted of two large vortex rings, which move circumferentially with the rotation motion of the oval flow core. Four characteristic flow regions—solid-body-rotation-like region, buffer region, vortex region, and shroud-influenced region—were identified in the flow field. The solid-body-rotation-like region, which was featured by its linear distribution of circumferential velocity and negligibly small radial velocity, was located within the inscribing radius of the oval flow core. The vortex region was located outside the circumscribing radius of the oval flow core. The buffer region existed between the solid-body-rotation-like region and the vortex region. In the buffer region, there existed a “node” point that the propagating circumferential velocity waves diminished. The circumferential random fluctuation intensity presented minimum values at the node point and high values in the solid-body-rotation-like region and shroud-influenced region due to the shear effect induced by the wall.