Having failed to secure a spot along the river that provided enough water power to run his mill, Talbot dismantled the settlement and moved to the present location of Addison, and by the fall of 1836, milling operations restarted. The town was renamed “Peru” by 1838, and over the next generation would be given several other monikers before the final name of Addison was entered onto plat maps in 1851. Addison J. Comstock, a banker from Adrian, Michigan, purchased a sizable plat of the pioneer town and changed the identity to reflect this acquisition. The village itself was incorporated as such in 1893.