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Moving a business' location in OSM?

I have always been real good about ensuring my business and the surrounding businesses (and other locations) are up to date in Apple, Bing, and Google Maps. I just started looking at OpenStreet Maps and see it has not been updated in over 3 years (and 2 locations ago). I updated the address, but the marker did not move. I do not see a way to move the marker to the correct location.

I am guessing I need to move all of the info (most of it is inaccurate) to where my business is currently located and then mark the old location as closed, or is there a better way to do that?

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